Moody Aldrich Partners LLC raised its holdings in Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 92.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,122 shares of the financial services provider's stock after acquiring an additional 32,207 shares during the quarter. Walker & Dunlop comprises approximately 1.4% of Moody Aldrich Partners LLC's holdings, making the stock its 12th largest position. Moody Aldrich Partners LLC owned about 0.20% of Walker & Dunlop worth $7,624,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in WD. National Bank of Canada FI increased its holdings in shares of 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 valued at $26,000 after acquiring an additional 185 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Walker & Dunlop in the first quarter valued at approximately $34,000. Blue Trust Inc. lifted its stake in shares of Walker & Dunlop by 1,295.8% in the third quarter. Blue Trust Inc. now owns 335 shares of the financial services provider's stock worth $38,000 after buying an additional 311 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Walker & Dunlop by 163.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 398 shares of the financial services provider's stock worth $40,000 after buying an additional 247 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in Walker & Dunlop in the 1st quarter valued at $57,000. 80.97% of the stock is owned by institutional investors.
Insider Activity at Walker & Dunlop
In related news, COO Stephen P. Theobald sold 13,870 shares of the firm'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 completion of the transaction, the chief operating officer now owns 53,869 shares in the company, valued at $5,715,500.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.47% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Walker & Dunlop from a "sell" rating to a "hold" rating in a report on Sunday, August 11th. Wolfe Research raised Walker & Dunlop to a "strong-buy" rating in a report on Tuesday, September 24th. Wedbush upped their price target on Walker & Dunlop from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th. Finally, Keefe, Bruyette & Woods raised 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 note on Thursday, July 25th.
View Our Latest Stock Analysis on WD
Walker & Dunlop Price Performance
Shares of NYSE WD traded up $5.16 during mid-day trading on Thursday, hitting $114.99. The company had a trading volume of 183,112 shares, compared to its average volume of 205,429. Walker & Dunlop, Inc. has a 12 month low of $62.51 and a 12 month high of $116.51. The firm has a market cap of $3.88 billion, a P/E ratio of 44.40 and a beta of 1.55. The business's 50-day simple moving average is $108.78 and its 200-day simple moving average is $101.45.
Walker & Dunlop (NYSE:WD - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.23 earnings per share (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 business had revenue of $270.70 million for the quarter, compared to analysts' expectations of $274.50 million. During the same period in the previous year, the business posted $0.98 earnings per share. Walker & Dunlop's quarterly revenue was down .7% on a year-over-year basis. As a group, sell-side analysts predict that Walker & Dunlop, Inc. will post 5.32 EPS for the current year.
Walker & Dunlop Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were given a dividend of $0.65 per share. The ex-dividend date was Thursday, August 22nd. This represents a $2.60 annualized dividend and a dividend yield of 2.26%. Walker & Dunlop's dividend payout ratio (DPR) is currently 100.39%.
About Walker & Dunlop
(
Free Report)
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.
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