Allspring Global Investments Holdings LLC Buys 22,616 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Allspring Global Investments Holdings LLC grew its position in Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 27.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 104,596 shares of the financial services provider's stock after acquiring an additional 22,616 shares during the period. Allspring Global Investments Holdings LLC owned about 0.31% of Walker & Dunlop worth $11,881,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in Walker & Dunlop by 11.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,204 shares of the financial services provider's stock valued at $245,000 after purchasing an additional 227 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Walker & Dunlop during the first quarter worth approximately $569,000. AlphaMark Advisors LLC acquired a new position in Walker & Dunlop in the first quarter valued at $277,000. Insight Folios Inc grew its stake in Walker & Dunlop by 2.5% during the 1st quarter. Insight Folios Inc now owns 7,043 shares of the financial services provider's stock worth $712,000 after buying an additional 171 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in 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 during the last quarter. 80.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WD shares. Keefe, Bruyette & Woods raised 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 upped their price target on shares of Walker & Dunlop from $105.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th. Wolfe Research raised shares of Walker & Dunlop to a "strong-buy" rating in a research report on Tuesday, September 24th. Finally, StockNews.com upgraded Walker & Dunlop from a "sell" rating to a "hold" rating in a research note on Sunday, August 11th.

Walker & Dunlop Trading Down 2.4 %

WD stock traded down $2.76 during trading hours on Friday, hitting $112.23. 129,655 shares of the stock traded hands, compared to its average volume of 205,063. The stock has a 50-day simple moving average of $109.18 and a 200 day simple moving average of $101.65. The company has a market cap of $3.79 billion, a P/E ratio of 43.33 and a beta of 1.55. Walker & Dunlop, Inc. has a one year low of $62.51 and a one year high of $116.51.

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 the consensus estimate of $1.16 by $0.07. The business had revenue of $270.70 million during the quarter, compared to analyst estimates of $274.50 million. Walker & Dunlop had a net margin of 8.41% and a return on equity of 9.65%. Walker & Dunlop's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. Analysts forecast that Walker & Dunlop, Inc. will post 5.32 earnings per share for the current year.

Walker & Dunlop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Thursday, August 22nd. Walker & Dunlop's payout ratio is presently 100.39%.

Insider Transactions at Walker & Dunlop

In related news, COO Stephen P. Theobald sold 13,870 shares of the company's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $106.10, for a total value of $1,471,607.00. Following the completion of the sale, the chief operating officer now owns 53,869 shares in the company, valued at approximately $5,715,500.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.47% of the stock is owned by corporate insiders.

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.