JPMorgan Chase & Co. Buys 16,481 Shares of Walker & Dunlop, Inc. (NYSE:WD)

JPMorgan Chase & Co. grew its position in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 29.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,649 shares of the financial services provider's stock after acquiring an additional 16,481 shares during the quarter. JPMorgan Chase & Co. owned 0.22% of Walker & Dunlop worth $8,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI raised its position in Walker & Dunlop by 205.6% in the second quarter. National Bank of Canada FI now owns 275 shares of the financial services provider's stock worth $26,000 after acquiring an additional 185 shares during the period. Blue Trust Inc. lifted its holdings in Walker & Dunlop by 1,295.8% during the third quarter. Blue Trust Inc. now owns 335 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 311 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Walker & Dunlop by 44.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 575 shares of the financial services provider's stock worth $56,000 after purchasing an additional 177 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Walker & Dunlop by 64.7% during the 3rd quarter. GAMMA Investing LLC now owns 654 shares of the financial services provider's stock valued at $74,000 after buying an additional 257 shares in the last quarter. Finally, KBC Group NV grew its stake in 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 buying an additional 266 shares in the last quarter. 80.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on WD. Wolfe Research upgraded Walker & Dunlop to a "strong-buy" rating in a research note on Tuesday, September 24th. Wedbush upped their price objective 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.

Walker & Dunlop Stock Up 2.5 %

Shares of Walker & Dunlop stock traded up $2.13 during trading on Tuesday, hitting $88.98. 75,700 shares of the stock traded hands, compared to its average volume of 160,042. Walker & Dunlop, Inc. has a 52 week low of $85.63 and a 52 week high of $118.19. The firm's fifty day moving average is $103.65 and its 200-day moving average is $105.43. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 31.78 and a beta of 1.55.

Walker & Dunlop (NYSE:WD - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.29 by ($0.10). The business had revenue of $292.30 million for the quarter, compared to analysts' expectations of $294.24 million. Walker & Dunlop had a net margin of 8.91% and a return on equity of 9.81%. The firm's revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 EPS. On average, analysts forecast 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 was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Friday, November 22nd. Walker & Dunlop's dividend payout ratio is currently 92.86%.

Walker & Dunlop Profile

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.