Walker & Dunlop, Inc. (NYSE:WD) Shares Bought by Truist Financial Corp

Truist Financial Corp increased its position in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 489.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,185 shares of the financial services provider's stock after purchasing an additional 10,117 shares during the period. Truist Financial Corp's holdings in Walker & Dunlop were worth $1,184,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of WD. Blue Trust Inc. lifted its holdings in shares of Walker & Dunlop by 1,295.8% in the 3rd quarter. Blue Trust Inc. now owns 335 shares of the financial services provider's stock worth $38,000 after acquiring an additional 311 shares during the last quarter. National Bank of Canada FI raised its stake 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 acquiring an additional 116 shares in the last quarter. KBC Group NV increased its holdings in shares of Walker & Dunlop by 28.4% in the 3rd quarter. KBC Group NV now owns 1,203 shares of the financial services provider's stock valued at $137,000 after acquiring an additional 266 shares during the period. Crewe Advisors LLC raised its holdings in shares of Walker & Dunlop by 42.9% in the fourth quarter. Crewe Advisors LLC now owns 2,000 shares of the financial services provider's stock valued at $194,000 after buying an additional 600 shares during the last quarter. Finally, Heritage Investors Management Corp purchased a new position in shares of Walker & Dunlop during the third quarter worth about $227,000. 80.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut their price target on Walker & Dunlop from $120.00 to $105.00 and set a "market perform" rating for the company in a research note on Friday, February 14th.

Walker & Dunlop Price Performance

NYSE WD traded down $1.04 on Tuesday, hitting $82.78. 114,581 shares of the company's stock were exchanged, compared to its average volume of 184,420. The firm's 50-day moving average price is $92.16 and its two-hundred day moving average price is $102.78. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 25.98 and a beta of 1.55. Walker & Dunlop, Inc. has a fifty-two week low of $80.95 and a fifty-two week high of $118.19.

Walker & Dunlop (NYSE:WD - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $341.45 million during 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, research analysts predict that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current fiscal year.

Walker & Dunlop Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.24%. This is a positive change from Walker & Dunlop's previous quarterly dividend of $0.65. The ex-dividend date is Friday, February 28th. Walker & Dunlop's dividend payout ratio (DPR) is presently 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.