Texas Permanent School Fund Corp Raises Holdings in Walker & Dunlop, Inc. (NYSE:WD)

Texas Permanent School Fund Corp increased its holdings in Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 33.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 39,020 shares of the financial services provider's stock after acquiring an additional 9,745 shares during the period. Texas Permanent School Fund Corp owned approximately 0.12% of Walker & Dunlop worth $3,832,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WD. Insight Folios Inc increased its stake in Walker & Dunlop by 2.5% during the first quarter. Insight Folios Inc now owns 7,043 shares of the financial services provider's stock worth $712,000 after purchasing an additional 171 shares during the period. National Bank of Canada FI increased its stake in Walker & Dunlop by 205.6% during the 2nd quarter. National Bank of Canada FI now owns 275 shares of the financial services provider's stock worth $26,000 after buying an additional 185 shares during the period. Sage Mountain Advisors LLC lifted its holdings in Walker & Dunlop by 9.5% during the 2nd quarter. Sage Mountain Advisors LLC now owns 2,190 shares of the financial services provider's stock worth $215,000 after buying an additional 190 shares in the last quarter. Swiss National Bank boosted its position in Walker & Dunlop by 0.3% in the 1st quarter. Swiss National Bank now owns 66,000 shares of the financial services provider's stock valued at $6,670,000 after buying an additional 200 shares during the period. Finally, Arizona State Retirement System boosted its position in Walker & Dunlop by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 9,406 shares of the financial services provider's stock valued at $924,000 after buying an additional 213 shares during the period. Institutional investors and hedge funds own 80.97% of the company's stock.

Insider Buying and Selling at Walker & Dunlop

In other Walker & Dunlop news, COO Stephen P. Theobald sold 13,870 shares of the firm's 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 directly owns 53,869 shares of the company's stock, valued at approximately $5,715,500.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Walker & Dunlop Trading Up 4.3 %

Shares of WD stock traded up $4.43 on Friday, reaching $108.56. 173,412 shares of the stock were exchanged, compared to its average volume of 118,065. Walker & Dunlop, Inc. has a twelve month low of $62.51 and a twelve month high of $113.67. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 39.62 and a beta of 1.55. The business's 50 day moving average price is $103.99 and its 200 day moving average price is $98.06.

Walker & Dunlop (NYSE:WD - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $270.70 million for the quarter, compared to the consensus estimate of $274.50 million. Walker & Dunlop had a return on equity of 9.65% and a net margin of 8.41%. The business's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 EPS. Equities research analysts forecast that Walker & Dunlop, Inc. will post 5.27 earnings per share for the current year.

Walker & Dunlop Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Thursday, August 22nd. Walker & Dunlop's dividend payout ratio (DPR) is 94.89%.

About Walker & Dunlop

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.