Bank of New York Mellon Corp Acquires 4,152 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Bank of New York Mellon Corp lifted its position in Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 348,456 shares of the financial services provider's stock after acquiring an additional 4,152 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.03% of Walker & Dunlop worth $33,873,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE raised its position in Walker & Dunlop by 57.2% during the third quarter. US Bancorp DE now owns 6,339 shares of the financial services provider's stock valued at $720,000 after buying an additional 2,306 shares during the period. Verdence Capital Advisors LLC grew its position in Walker & Dunlop by 2.7% during the third quarter. Verdence Capital Advisors LLC now owns 34,646 shares of the financial services provider's stock valued at $3,935,000 after purchasing an additional 925 shares in the last quarter. Atria Investments Inc grew its position in Walker & Dunlop by 29.5% during the third quarter. Atria Investments Inc now owns 3,821 shares of the financial services provider's stock valued at $434,000 after purchasing an additional 870 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Walker & Dunlop by 20.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,907 shares of the financial services provider's stock valued at $330,000 after buying an additional 503 shares during the period. Finally, Chartwell Investment Partners LLC acquired a new stake in shares of Walker & Dunlop during the 3rd quarter valued at $885,000. 80.97% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Walker & Dunlop Trading Down 0.1 %

Walker & Dunlop stock traded down $0.05 during trading hours on Tuesday, reaching $86.44. 281,928 shares of the company were exchanged, compared to its average volume of 188,067. The stock has a 50-day moving average of $90.94 and a 200 day moving average of $102.14. Walker & Dunlop, Inc. has a 12 month low of $81.07 and a 12 month high of $118.19. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 27.10 and a beta of 1.63.

Walker & Dunlop (NYSE:WD - Get Free Report) last announced 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 firm had revenue of $341.45 million during the quarter, compared to the consensus estimate 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 forecast that Walker & Dunlop, Inc. will post 4.97 EPS for the current year.

Walker & Dunlop Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.67 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.68 dividend on an annualized basis and a yield of 3.10%. This is a positive change from Walker & Dunlop's previous quarterly dividend of $0.65. Walker & Dunlop's dividend payout ratio (DPR) is 84.01%.

Insider Buying and Selling at Walker & Dunlop

In other news, CEO William M. Walker acquired 17,500 shares of Walker & Dunlop stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $86.21 per share, for a total transaction of $1,508,675.00. Following the transaction, the chief executive officer now owns 411,271 shares of the company's stock, valued at $35,455,672.91. The trade was a 4.44 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.47% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upgraded Walker & Dunlop from a "market perform" rating to an "outperform" rating and set a $105.00 target price on the stock in a research note on Thursday, March 6th.

Walker & Dunlop 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.