Chartwell Investment Partners LLC Purchases Shares of 7,795 Walker & Dunlop, Inc. (NYSE:WD)

Chartwell Investment Partners LLC purchased a new stake in shares of Walker & Dunlop, Inc. (NYSE:WD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,795 shares of the financial services provider’s stock, valued at approximately $885,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Walker & Dunlop by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,319,434 shares of the financial services provider’s stock worth $129,566,000 after acquiring an additional 20,739 shares in the last quarter. Victory Capital Management Inc. increased its stake in Walker & Dunlop by 13.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,063,522 shares of the financial services provider’s stock valued at $104,438,000 after purchasing an additional 129,289 shares in the last quarter. Impactive Capital LP increased its stake in Walker & Dunlop by 242.0% during the 1st quarter. Impactive Capital LP now owns 1,034,093 shares of the financial services provider’s stock valued at $104,505,000 after purchasing an additional 731,714 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Walker & Dunlop by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 377,417 shares of the financial services provider’s stock valued at $37,062,000 after purchasing an additional 2,815 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Walker & Dunlop by 10.1% during the 2nd quarter. American Century Companies Inc. now owns 351,022 shares of the financial services provider’s stock valued at $34,470,000 after purchasing an additional 32,192 shares in the last quarter. 80.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. StockNews.com raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Wolfe Research raised shares of Walker & Dunlop to a “strong-buy” rating in a report on Tuesday, September 24th. Finally, Wedbush boosted their price objective on shares of Walker & Dunlop from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th.

Insiders Place Their Bets

In other Walker & Dunlop news, COO Stephen P. Theobald sold 13,870 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $106.10, for a total value of $1,471,607.00. Following the completion of the transaction, the chief operating officer now directly owns 53,869 shares in the company, valued at $5,715,500.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.47% of the company’s stock.

Walker & Dunlop Trading Down 0.9 %

Shares of NYSE WD opened at $110.20 on Wednesday. The firm has a 50 day moving average of $110.35 and a 200 day moving average of $103.22. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 39.49 and a beta of 1.55. Walker & Dunlop, Inc. has a 12-month low of $69.62 and a 12-month high of $118.19.

Walker & Dunlop (NYSE:WD) last announced its earnings results on Thursday, November 7th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.10). The business had revenue of $292.30 million for 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 quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 earnings per share. Sell-side analysts predict that Walker & Dunlop, Inc. will post 5.32 EPS for the current year.

Walker & Dunlop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.60 annualized dividend and a yield of 2.36%. Walker & Dunlop’s dividend payout ratio (DPR) is 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.