International Assets Investment Management LLC raised its position in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 11,259.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,631 shares of the financial services provider's stock after buying an additional 13,511 shares during the quarter. International Assets Investment Management LLC's holdings in Walker & Dunlop were worth $1,548,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. National Bank of Canada FI lifted its holdings in shares of Walker & Dunlop by 205.6% in 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 purchased a new position in shares of Walker & Dunlop during the first quarter valued at approximately $34,000. Blue Trust Inc. grew its stake in shares of Walker & Dunlop by 1,295.8% during the third quarter. Blue Trust Inc. now owns 335 shares of the financial services provider's stock valued at $38,000 after buying an additional 311 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Walker & Dunlop during the first quarter valued at approximately $57,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Walker & Dunlop by 44.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 575 shares of the financial services provider's stock worth $56,000 after buying an additional 177 shares during the period. Institutional investors own 80.97% of the company's stock.
Wall Street Analyst Weigh In
WD has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised their price target 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. Wolfe Research raised shares of Walker & Dunlop to a "strong-buy" rating in a research report on Tuesday, September 24th. StockNews.com upgraded Walker & Dunlop from a "sell" rating to a "hold" rating in a report on Sunday, August 11th. Finally, Wedbush raised their price objective on Walker & Dunlop from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th.
Read Our Latest Stock Report on WD
Insider Buying and Selling at Walker & Dunlop
In other Walker & Dunlop news, COO Stephen P. Theobald sold 13,870 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $106.10, for a total value of $1,471,607.00. Following the transaction, the chief operating officer now owns 53,869 shares of the company's stock, valued at $5,715,500.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.47% of the stock is owned by corporate insiders.
Walker & Dunlop Stock Down 0.4 %
Shares of Walker & Dunlop stock traded down $0.39 during trading on Monday, reaching $107.39. The company's stock had a trading volume of 96,538 shares, compared to its average volume of 202,042. The company has a 50-day simple moving average of $109.84 and a two-hundred day simple moving average of $102.56. Walker & Dunlop, Inc. has a 1-year low of $68.88 and a 1-year high of $116.51. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 41.46 and a beta of 1.55.
Walker & Dunlop (NYSE:WD - Get Free Report) last issued its earnings results on Thursday, August 8th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.07. Walker & Dunlop had a net margin of 8.41% and a return on equity of 9.65%. The firm had revenue of $270.70 million during the quarter, compared to analysts' expectations of $274.50 million. During the same quarter last year, the company posted $0.98 earnings per share. The firm's revenue was down .7% compared to the same quarter last year. As a group, analysts anticipate that Walker & Dunlop, Inc. will post 5.32 earnings per share for the current year.
Walker & Dunlop Announces Dividend
The firm 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. The ex-dividend date was Thursday, August 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 2.42%. Walker & Dunlop's dividend payout ratio is currently 100.39%.
Walker & Dunlop Profile
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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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