Allspring Global Investments Holdings LLC Boosts Stake in Walker & Dunlop, Inc. (NYSE:WD)

Allspring Global Investments Holdings LLC increased its stake in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 10.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,980 shares of the financial services provider's stock after buying an additional 7,443 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.24% of Walker & Dunlop worth $8,050,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of Walker & Dunlop in the 4th quarter valued at approximately $29,000. Fidelis Capital Partners LLC bought a new stake in Walker & Dunlop during the first quarter worth $34,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Walker & Dunlop by 163.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 398 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 247 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Walker & Dunlop in the 1st quarter valued at $57,000. Finally, LRI Investments LLC acquired a new position in shares of Walker & Dunlop during the 1st quarter worth $98,000. Institutional investors and hedge funds own 80.97% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WD shares. StockNews.com raised Walker & Dunlop from a "sell" rating to a "hold" rating in a research note on Sunday, August 11th. Wedbush raised their price target on shares of Walker & Dunlop from $95.00 to $105.00 and gave the company a "neutral" rating in a research note on Friday, August 9th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Walker & Dunlop from $105.00 to $112.00 and gave the stock a "market perform" rating in a research report on Thursday, July 25th.

Walker & Dunlop Price Performance

Shares of NYSE WD traded up $0.85 during mid-day trading on Friday, hitting $107.06. 103,094 shares of the stock traded hands, compared to its average volume of 210,385. Walker & Dunlop, Inc. has a twelve month low of $62.51 and a twelve month high of $113.67. The firm has a 50 day simple moving average of $102.05 and a two-hundred day simple moving average of $97.43. The company has a market cap of $3.61 billion, a PE ratio of 39.07 and a beta of 1.55.

Walker & Dunlop (NYSE:WD - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. Walker & Dunlop had a return on equity of 9.65% and a net margin of 8.41%. The firm had revenue of $270.70 million for the quarter, compared to analyst estimates of $274.50 million. During the same period last year, the firm posted $0.98 earnings per share. The business's revenue for the quarter was down .7% on a year-over-year basis. On average, equities research analysts anticipate that Walker & Dunlop, Inc. will post 5.27 earnings per share for the current fiscal year.

Walker & Dunlop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Thursday, August 22nd. Walker & Dunlop's payout ratio is 94.89%.

Insider Buying and Selling at Walker & Dunlop

In other news, COO Stephen P. Theobald sold 13,870 shares of Walker & Dunlop stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $106.10, for a total transaction of $1,471,607.00. Following the transaction, the chief operating officer now owns 53,869 shares in the company, valued at $5,715,500.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.47% of the company's stock.

Walker & Dunlop 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.