GPM Growth Investors Inc. Buys Shares of 46,795 Walker & Dunlop, Inc. (NYSE:WD)

GPM Growth Investors Inc. acquired a new stake in Walker & Dunlop, Inc. (NYSE:WD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 46,795 shares of the financial services provider's stock, valued at approximately $4,595,000. Walker & Dunlop accounts for about 2.0% of GPM Growth Investors Inc.'s holdings, making the stock its 21st biggest position. GPM Growth Investors Inc. owned 0.14% of Walker & Dunlop as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of WD. Vanguard Group Inc. grew its position in Walker & Dunlop by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 3,761,433 shares of the financial services provider's stock valued at $417,557,000 after buying an additional 10,743 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Walker & Dunlop by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,293,014 shares of the financial services provider's stock valued at $143,542,000 after acquiring an additional 39,035 shares during the period. Impactive Capital LP increased its stake in shares of Walker & Dunlop by 242.0% in the 1st quarter. Impactive Capital LP now owns 1,034,093 shares of the financial services provider's stock valued at $104,505,000 after purchasing an additional 731,714 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Walker & Dunlop by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 411,927 shares of the financial services provider's stock worth $45,728,000 after purchasing an additional 16,232 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Walker & Dunlop by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 377,417 shares of the financial services provider's stock worth $37,062,000 after purchasing an additional 2,815 shares in the last quarter. Hedge funds and other institutional investors own 80.97% of the company's stock.

Insider Buying and Selling

In other news, COO Stephen P. Theobald sold 13,870 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The stock was 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 directly owns 53,869 shares in the company, valued at approximately $5,715,500.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.47% of the stock is currently owned by company insiders.

Walker & Dunlop Trading Up 0.3 %

NYSE:WD traded up $0.32 during trading hours on Thursday, hitting $106.68. 129,361 shares of the stock were exchanged, compared to its average volume of 208,802. The firm's fifty day moving average price is $102.93 and its 200 day moving average price is $97.69. Walker & Dunlop, Inc. has a 52-week low of $62.51 and a 52-week high of $113.67. The company has a market cap of $3.60 billion, a P/E ratio of 38.93 and a beta of 1.55.

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

Walker & Dunlop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Thursday, August 22nd. Walker & Dunlop's dividend payout ratio is currently 94.89%.

Analyst Ratings Changes

WD has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on Walker & Dunlop from $105.00 to $112.00 and gave the company a "market perform" rating in a research report on Thursday, July 25th. Wedbush boosted their price target on shares of Walker & Dunlop from $95.00 to $105.00 and gave the stock a "neutral" rating in a report on Friday, August 9th. Finally, StockNews.com raised shares of Walker & Dunlop from a "sell" rating to a "hold" rating in a report on Sunday, August 11th.

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.