Geode Capital Management LLC Sells 11,774 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Geode Capital Management LLC trimmed its holdings in Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 729,522 shares of the financial services provider's stock after selling 11,774 shares during the period. Geode Capital Management LLC owned 2.16% of Walker & Dunlop worth $82,883,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. National Bank of Canada FI raised its stake in shares of Walker & Dunlop by 205.6% in the 2nd quarter. National Bank of Canada FI now owns 275 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 185 shares in the last quarter. Blue Trust Inc. grew its holdings in Walker & Dunlop by 1,295.8% during the third quarter. Blue Trust Inc. now owns 335 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 311 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Walker & Dunlop by 44.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 575 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 177 shares during the period. GAMMA Investing LLC raised its position in shares of Walker & Dunlop by 64.7% in the third quarter. GAMMA Investing LLC now owns 654 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 257 shares during the period. Finally, Asset Dedication LLC acquired a new stake in shares of Walker & Dunlop in the second quarter worth $94,000. Institutional investors and hedge funds own 80.97% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on WD. Wolfe Research upgraded shares of Walker & Dunlop to a "strong-buy" rating in a research note on Tuesday, September 24th. Wedbush raised their price target on Walker & Dunlop from $105.00 to $110.00 and gave the company a "neutral" rating in a research report on Wednesday, September 25th.

Walker & Dunlop Stock Up 1.5 %

Shares of WD stock traded up $1.43 during trading hours on Friday, reaching $97.75. 689,038 shares of the company's stock were exchanged, compared to its average volume of 197,496. Walker & Dunlop, Inc. has a fifty-two week low of $87.20 and a fifty-two week high of $118.19. The stock has a market capitalization of $3.30 billion, a P/E ratio of 34.91 and a beta of 1.53. The business has a fifty day moving average price of $109.18 and a 200-day moving average price of $105.27.

Walker & Dunlop (NYSE:WD - Get Free Report) last released its earnings results on Thursday, November 7th. The financial services provider reported $1.19 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.10). The company had revenue of $292.30 million for the quarter, compared to analyst estimates of $294.24 million. Walker & Dunlop had a net margin of 8.91% and a return on equity of 9.81%. Walker & Dunlop's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.11 earnings per share. As a group, research analysts expect that Walker & Dunlop, Inc. will post 5.18 EPS for the current fiscal year.

Walker & Dunlop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Friday, November 22nd. Walker & Dunlop's payout ratio is presently 92.86%.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.