Allspring Global Investments Holdings LLC Sells 27,211 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Allspring Global Investments Holdings LLC trimmed its stake in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 26.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,385 shares of the financial services provider's stock after selling 27,211 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.23% of Walker & Dunlop worth $7,523,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning boosted its position in shares of Walker & Dunlop by 42.3% in the third quarter. Creative Planning now owns 16,022 shares of the financial services provider's stock valued at $1,820,000 after acquiring an additional 4,764 shares during the period. Blue Trust Inc. boosted its position in shares of Walker & Dunlop by 1,295.8% in the third quarter. Blue Trust Inc. now owns 335 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 311 shares during the period. Signaturefd LLC boosted its position in shares of Walker & Dunlop by 10.3% in the third quarter. Signaturefd LLC now owns 1,405 shares of the financial services provider's stock valued at $160,000 after acquiring an additional 131 shares during the period. International Assets Investment Management LLC boosted its position in shares of Walker & Dunlop by 11,259.2% in the third quarter. International Assets Investment Management LLC now owns 13,631 shares of the financial services provider's stock valued at $1,548,000 after acquiring an additional 13,511 shares during the period. Finally, Moody Aldrich Partners LLC boosted its position in shares of Walker & Dunlop by 92.2% in the third quarter. Moody Aldrich Partners LLC now owns 67,122 shares of the financial services provider's stock valued at $7,624,000 after acquiring an additional 32,207 shares during the period. 80.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods dropped their price target on Walker & Dunlop from $120.00 to $105.00 and set a "market perform" rating for the company in a research note on Friday, February 14th.

Walker & Dunlop Price Performance

WD stock traded down $2.45 during midday trading on Friday, reaching $83.55. The company had a trading volume of 109,645 shares, compared to its average volume of 197,880. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 26.19 and a beta of 1.55. The stock has a 50 day moving average price of $94.55 and a 200-day moving average price of $103.61. Walker & Dunlop, Inc. has a 1-year low of $83.12 and a 1-year high of $118.19.

Walker & Dunlop (NYSE:WD - Get Free Report) last issued its earnings results on Thursday, February 13th. The financial services provider reported $1.34 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.18). The business had revenue of $341.45 million for the quarter, compared to analyst estimates of $316.82 million. Walker & Dunlop had a return on equity of 9.64% and a net margin of 9.55%. As a group, research analysts anticipate that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current year.

Walker & Dunlop Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.67 dividend. The ex-dividend date is Friday, February 28th. This is a boost from Walker & Dunlop's previous quarterly dividend of $0.65. This represents a $2.68 annualized dividend and a yield of 3.21%. Walker & Dunlop's dividend payout ratio is presently 81.50%.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.