Cibc World Markets Corp Makes New Investment in Walker & Dunlop, Inc. (NYSE:WD)

Cibc World Markets Corp purchased a new stake in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,007 shares of the financial services provider's stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors also recently modified their holdings of WD. National Bank of Canada FI raised its position in Walker & Dunlop by 42.2% during the third quarter. National Bank of Canada FI now owns 391 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 116 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Walker & Dunlop by 230.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the financial services provider's stock valued at $72,000 after buying an additional 524 shares in the last quarter. KBC Group NV lifted its position in Walker & Dunlop by 33.6% in the 4th quarter. KBC Group NV now owns 1,607 shares of the financial services provider's stock worth $156,000 after buying an additional 404 shares during the last quarter. Crewe Advisors LLC grew its position in Walker & Dunlop by 42.9% during the fourth quarter. Crewe Advisors LLC now owns 2,000 shares of the financial services provider's stock valued at $194,000 after acquiring an additional 600 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Walker & Dunlop during the fourth quarter worth approximately $229,000. Hedge funds and other institutional investors own 80.97% of the company's stock.

Walker & Dunlop Price Performance

WD stock traded down $0.99 during trading on Tuesday, reaching $86.73. The company had a trading volume of 134,723 shares, compared to its average volume of 183,290. Walker & Dunlop, Inc. has a 52 week low of $81.07 and a 52 week high of $118.19. The company has a market cap of $2.95 billion, a P/E ratio of 27.19 and a beta of 1.63. The business has a 50 day moving average of $89.60 and a 200 day moving average of $100.74.

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Walker & Dunlop (NYSE:WD - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Research analysts expect that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current year.

Walker & Dunlop Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Friday, February 28th. This is a boost from Walker & Dunlop's previous quarterly dividend of $0.65. Walker & Dunlop's dividend payout ratio is 84.01%.

Insider Buying and Selling at Walker & Dunlop

In other news, CEO William M. Walker purchased 17,500 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $86.21 per share, for a total transaction of $1,508,675.00. Following the completion of the acquisition, the chief executive officer now directly owns 411,271 shares in the company, valued at $35,455,672.91. This represents a 4.44 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.47% of the company's stock.

Analyst Upgrades and Downgrades

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

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.