Walker & Dunlop, Inc. (NYSE:WD - Get Free Report) CEO William M. Walker purchased 17,500 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $86.21 per share, with a total value of $1,508,675.00. Following the purchase, the chief executive officer now directly owns 411,271 shares of the company's stock, valued at approximately $35,455,672.91. The trade was a 4.44 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Walker & Dunlop Stock Down 1.4 %
WD traded down $1.20 during midday trading on Monday, hitting $86.44. The company had a trading volume of 453,991 shares, compared to its average volume of 187,766. The stock's 50 day moving average price is $91.12 and its 200 day moving average price is $102.26. Walker & Dunlop, Inc. has a 52 week low of $81.07 and a 52 week high of $118.19. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 27.10 and a beta of 1.63.
Walker & Dunlop (NYSE:WD - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.18). Walker & Dunlop had a net margin of 9.55% and a return on equity of 9.64%. The firm had revenue of $341.45 million during the quarter, compared to analyst estimates of $316.82 million. Research analysts predict that Walker & Dunlop, Inc. will post 4.97 EPS for the current year.
Walker & Dunlop Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.67 per share. This is an increase from Walker & Dunlop's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.68 annualized dividend and a yield of 3.10%. Walker & Dunlop's dividend payout ratio is presently 84.01%.
Institutional Investors Weigh In On Walker & Dunlop
A number of institutional investors and hedge funds have recently made changes to their positions in the business. National Bank of Canada FI increased 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 purchasing an additional 116 shares in the last quarter. Versor Investments LP raised its position in Walker & Dunlop by 3.8% in the 4th quarter. Versor Investments LP now owns 3,426 shares of the financial services provider's stock valued at $333,000 after buying an additional 126 shares during the last quarter. Synergy Financial Group LTD boosted its holdings in Walker & Dunlop by 1.7% during the 3rd quarter. Synergy Financial Group LTD now owns 8,601 shares of the financial services provider's stock worth $977,000 after acquiring an additional 141 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Walker & Dunlop by 5.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,362 shares of the financial services provider's stock worth $327,000 after acquiring an additional 187 shares in the last quarter. Finally, Sage Mountain Advisors LLC lifted its position in shares of Walker & Dunlop by 8.7% during the fourth quarter. Sage Mountain Advisors LLC now owns 2,380 shares of the financial services provider's stock valued at $231,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 80.97% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods raised shares of Walker & Dunlop from a "market perform" rating to an "outperform" rating and set a $105.00 target price for the company in a research report on Thursday.
View Our Latest Research Report on Walker & Dunlop
About Walker & Dunlop
(
Get Free Report)
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.
Featured Stories
Before you consider Walker & Dunlop, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walker & Dunlop wasn't on the list.
While Walker & Dunlop currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
