Thrivent Financial for Lutherans Cuts Stock Holdings in Walker & Dunlop, Inc. (NYSE:WD)

Thrivent Financial for Lutherans reduced its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,144 shares of the financial services provider's stock after selling 3,349 shares during the period. Thrivent Financial for Lutherans owned approximately 0.10% of Walker & Dunlop worth $3,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WD. National Bank of Canada FI raised its stake in Walker & Dunlop by 42.2% in the 3rd quarter. National Bank of Canada FI now owns 391 shares of the financial services provider's stock worth $44,000 after acquiring an additional 116 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Walker & Dunlop by 230.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the financial services provider's stock valued at $72,000 after purchasing an additional 524 shares during the period. KBC Group NV raised its stake in shares of Walker & Dunlop by 33.6% in the fourth quarter. KBC Group NV now owns 1,607 shares of the financial services provider's stock worth $156,000 after purchasing an additional 404 shares during the last quarter. Crewe Advisors LLC lifted its holdings in shares of Walker & Dunlop by 42.9% during the fourth quarter. Crewe Advisors LLC now owns 2,000 shares of the financial services provider's stock worth $194,000 after purchasing an additional 600 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Walker & Dunlop in the fourth quarter valued at approximately $229,000. 80.97% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at Walker & Dunlop

In other Walker & Dunlop news, CEO William M. Walker acquired 17,500 shares of the company's stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $86.21 per share, with a total value of $1,508,675.00. Following the completion of the acquisition, the chief executive officer now owns 411,271 shares in the company, valued at approximately $35,455,672.91. This trade represents a 4.44 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.66% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised shares of Walker & Dunlop from a "market perform" rating to an "outperform" rating and set a $105.00 price target for the company in a research report on Thursday, March 6th.

Walker & Dunlop Trading Down 1.6 %

WD traded down $1.40 during midday trading on Friday, hitting $84.00. 155,881 shares of the company were exchanged, compared to its average volume of 191,907. The company's 50 day simple moving average is $88.97 and its 200 day simple moving average is $100.23. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 26.33 and a beta of 1.63. Walker & Dunlop, Inc. has a 1-year low of $81.07 and a 1-year high of $118.19.

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

Walker & Dunlop Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Walker & Dunlop's previous quarterly dividend of $0.65. This represents a $2.68 dividend on an annualized basis and a yield of 3.19%. Walker & Dunlop's dividend payout ratio is 84.01%.

About Walker & Dunlop

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.