Rockefeller Capital Management L.P. Acquires 17,103 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Rockefeller Capital Management L.P. boosted its position in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,904 shares of the financial services provider's stock after purchasing an additional 17,103 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.43% of Walker & Dunlop worth $14,086,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC lifted its position in shares of Walker & Dunlop by 456.4% during the fourth quarter. Sterling Capital Management LLC now owns 306 shares of the financial services provider's stock worth $30,000 after purchasing an additional 251 shares during the last quarter. National Bank of Canada FI lifted its holdings in Walker & Dunlop by 42.2% during the 3rd quarter. National Bank of Canada FI now owns 391 shares of the financial services provider's stock worth $44,000 after buying an additional 116 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Walker & Dunlop by 230.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the financial services provider's stock worth $72,000 after acquiring an additional 524 shares in the last quarter. KBC Group NV increased its holdings in shares of Walker & Dunlop by 33.6% in the 4th quarter. KBC Group NV now owns 1,607 shares of the financial services provider's stock valued at $156,000 after acquiring an additional 404 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Walker & Dunlop during the 4th quarter valued at approximately $178,000. 80.97% of the stock is owned by hedge funds and other institutional investors.

Walker & Dunlop Stock Performance

Shares of WD traded down $1.56 during midday trading on Monday, hitting $72.16. 23,238 shares of the stock traded hands, compared to its average volume of 190,978. The business's 50 day moving average price is $82.73 and its two-hundred day moving average price is $96.29. The firm has a market capitalization of $2.45 billion, a PE ratio of 22.64 and a beta of 1.42. Walker & Dunlop, Inc. has a 1-year low of $69.59 and a 1-year high of $118.19.

Walker & Dunlop (NYSE:WD - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.18). Walker & Dunlop had a return on equity of 9.64% and a net margin of 9.55%. The business had revenue of $341.45 million during the quarter, compared to the consensus estimate of $316.82 million. As a group, equities research analysts forecast that Walker & Dunlop, Inc. will post 4.97 EPS for the current fiscal year.

Walker & Dunlop Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.67 per share. The ex-dividend date was Friday, February 28th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.71%. This is a positive change from Walker & Dunlop's previous quarterly dividend of $0.65. Walker & Dunlop's payout ratio is currently 84.01%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lowered their target price on shares of Walker & Dunlop from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Thursday.

Insider Buying and Selling at Walker & Dunlop

In related news, CEO William M. Walker acquired 17,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $86.21 per share, with a total value of $1,508,675.00. Following the completion of the transaction, the chief executive officer now owns 411,271 shares of the company's stock, valued at approximately $35,455,672.91. This trade represents a 4.44 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.66% of the company's stock.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.