Schroder Investment Management Group cut its stake in Walker & Dunlop, Inc. (NYSE:WD) by 91.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,453 shares of the financial services provider’s stock after selling 80,122 shares during the quarter. Schroder Investment Management Group’s holdings in Walker & Dunlop were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in WD. Oregon Public Employees Retirement Fund grew its position in Walker & Dunlop by 1.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 11,331 shares of the financial services provider’s stock valued at $603,000 after buying an additional 200 shares during the period. State of Alaska Department of Revenue grew its position in Walker & Dunlop by 2.7% during the second quarter. State of Alaska Department of Revenue now owns 9,630 shares of the financial services provider’s stock valued at $512,000 after buying an additional 250 shares during the period. Captrust Financial Advisors bought a new stake in Walker & Dunlop during the second quarter valued at approximately $27,000. Arizona State Retirement System grew its position in Walker & Dunlop by 2.2% during the second quarter. Arizona State Retirement System now owns 43,880 shares of the financial services provider’s stock valued at $2,335,000 after buying an additional 936 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in Walker & Dunlop by 2.5% during the first quarter. Great West Life Assurance Co. Can now owns 39,032 shares of the financial services provider’s stock valued at $1,986,000 after buying an additional 966 shares during the period. Hedge funds and other institutional investors own 78.37% of the company’s stock.
In other Walker & Dunlop news, CEO William M. Walker sold 90,389 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $56.15, for a total value of $5,075,342.35. Following the completion of the transaction, the chief executive officer now directly owns 1,340,749 shares in the company, valued at $75,283,056.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Richard C. Warner sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $55.16, for a total transaction of $551,600.00. Following the completion of the transaction, the executive vice president now directly owns 61,800 shares in the company, valued at approximately $3,408,888. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,389 shares of company stock valued at $6,199,542. Company insiders own 10.37% of the company’s stock.
Walker & Dunlop (NYSE:WD) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.03. The business had revenue of $200.33 million during the quarter, compared to analyst estimates of $188.90 million. Walker & Dunlop had a net margin of 21.58% and a return on equity of 18.34%. The company’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 earnings per share. On average, research analysts forecast that Walker & Dunlop, Inc. will post 5.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 23rd were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.16%. Walker & Dunlop’s payout ratio is currently 23.81%.
Several analysts recently issued reports on the stock. Wedbush restated an “outperform” rating and set a $65.00 target price (up from $60.00) on shares of Walker & Dunlop in a research report on Wednesday, July 3rd. Compass Point set a $63.00 target price on shares of Walker & Dunlop and gave the company a “buy” rating in a research report on Tuesday, September 10th. ValuEngine lowered shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Finally, Keefe, Bruyette & Woods lowered shares of Walker & Dunlop from an “outperform” rating to a “market perform” rating and cut their target price for the company from $65.00 to $64.00 in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Walker & Dunlop currently has an average rating of “Buy” and an average target price of $64.50.
Walker & Dunlop Profile
Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate loans for owners and developers of real estate in the United States. The company offers multifamily properties and commercial real estate finance products, such as first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.
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