New York State Common Retirement Fund Grows Position in Walker & Dunlop, Inc. (NYSE:WD)

New York State Common Retirement Fund raised its stake in Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 137.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,676 shares of the financial services provider's stock after acquiring an additional 13,708 shares during the period. New York State Common Retirement Fund owned 0.07% of Walker & Dunlop worth $2,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in WD. Blue Trust Inc. increased its holdings in shares of Walker & Dunlop by 1,295.8% in the 3rd 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. National Bank of Canada FI grew its position in Walker & Dunlop by 42.2% during the 3rd quarter. National Bank of Canada FI now owns 391 shares of the financial services provider's stock worth $44,000 after purchasing an additional 116 shares during the last quarter. KBC Group NV increased its stake in Walker & Dunlop by 28.4% in the third quarter. KBC Group NV now owns 1,203 shares of the financial services provider's stock valued at $137,000 after purchasing an additional 266 shares during the period. Crewe Advisors LLC raised its holdings in shares of Walker & Dunlop by 42.9% in the fourth quarter. Crewe Advisors LLC now owns 2,000 shares of the financial services provider's stock valued at $194,000 after buying an additional 600 shares during the last quarter. Finally, Heritage Investors Management Corp acquired a new stake in shares of Walker & Dunlop during the third quarter worth about $227,000. Hedge funds and other institutional investors own 80.97% of the company's stock.

Remove Ads

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 on the stock in a research report on Friday, February 14th.

Walker & Dunlop Stock Performance

Walker & Dunlop stock traded up $1.74 during trading hours on Wednesday, reaching $84.11. 223,965 shares of the stock were exchanged, compared to its average volume of 184,864. Walker & Dunlop, Inc. has a 52-week low of $81.07 and a 52-week high of $118.19. The stock has a market cap of $2.84 billion, a P/E ratio of 26.37 and a beta of 1.55. The firm's 50 day moving average is $91.56 and its 200 day moving average is $102.50.

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

Walker & Dunlop Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.67 dividend. The ex-dividend date is Friday, February 28th. This is an increase from Walker & Dunlop's previous quarterly dividend of $0.65. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.19%. Walker & Dunlop's payout ratio is 84.01%.

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.