Victory Capital Management Inc. lifted its stake in Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 33.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,415,479 shares of the financial services provider's stock after acquiring an additional 351,957 shares during the quarter. Victory Capital Management Inc. owned approximately 4.19% of Walker & Dunlop worth $160,784,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Castleark Management LLC acquired a new stake in Walker & Dunlop in the 1st quarter valued at approximately $4,297,000. UniSuper Management Pty Ltd acquired a new stake in Walker & Dunlop in the 1st quarter worth $795,000. SG Americas Securities LLC increased its holdings in shares of Walker & Dunlop by 144.3% during the 2nd quarter. SG Americas Securities LLC now owns 9,192 shares of the financial services provider's stock worth $903,000 after purchasing an additional 5,430 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Walker & Dunlop by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,319,434 shares of the financial services provider's stock valued at $129,566,000 after buying an additional 20,739 shares during the period. Finally, International Assets Investment Management LLC grew its position in Walker & Dunlop by 11,259.2% during the third quarter. International Assets Investment Management LLC now owns 13,631 shares of the financial services provider's stock worth $1,548,000 after buying an additional 13,511 shares in the last quarter. 80.97% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Walker & Dunlop
In related news, COO Stephen P. Theobald sold 13,870 shares of the business's stock in a transaction on 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 directly owns 53,869 shares in the company, valued at $5,715,500.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 5.47% of the company's stock.
Walker & Dunlop Trading Down 1.1 %
Shares of Walker & Dunlop stock traded down $1.20 during trading hours on Wednesday, reaching $109.00. 124,635 shares of the company's stock were exchanged, compared to its average volume of 202,352. The stock has a market cap of $3.68 billion, a P/E ratio of 39.52 and a beta of 1.55. The company has a 50 day moving average of $110.46 and a two-hundred day moving average of $103.34. Walker & Dunlop, Inc. has a fifty-two week low of $77.21 and a fifty-two week high of $118.19.
Walker & Dunlop (NYSE:WD - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.29 by ($0.10). The firm had revenue of $292.30 million during the quarter, compared to the consensus estimate of $294.24 million. Walker & Dunlop had a net margin of 8.91% and a return on equity of 9.81%. The business's revenue was up 8.8% on a year-over-year basis. During the same period last year, the business earned $1.11 EPS. As a group, analysts expect that Walker & Dunlop, Inc. will post 5.18 earnings per share for the current fiscal year.
Walker & Dunlop Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 2.39%. Walker & Dunlop's dividend payout ratio (DPR) is currently 92.86%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on WD. 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 research report on Sunday, August 11th. Wedbush increased their target price 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. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Walker & Dunlop from $105.00 to $112.00 and gave the company a "market perform" rating in a research report on Thursday, July 25th.
Check Out Our Latest Analysis on WD
Walker & Dunlop Profile
(
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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