Walker & Dunlop, Inc. (NYSE:WD) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in shares of Walker & Dunlop, Inc. (NYSE:WDGet Rating) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,441 shares of the financial services provider’s stock after selling 6,899 shares during the period. Principal Financial Group Inc. owned 0.58% of Walker & Dunlop worth $18,347,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Walker & Dunlop by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 3,761,750 shares of the financial services provider’s stock worth $486,845,000 after purchasing an additional 85,505 shares during the last quarter. State Street Corp raised its position in shares of Walker & Dunlop by 9.4% during the 1st quarter. State Street Corp now owns 1,150,508 shares of the financial services provider’s stock worth $148,899,000 after purchasing an additional 98,546 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Walker & Dunlop by 2.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 279,874 shares of the financial services provider’s stock worth $36,222,000 after purchasing an additional 7,770 shares during the last quarter. M.D. Sass Investors Services Inc. raised its position in shares of Walker & Dunlop by 9.2% during the 1st quarter. M.D. Sass Investors Services Inc. now owns 246,500 shares of the financial services provider’s stock worth $31,902,000 after purchasing an additional 20,696 shares during the last quarter. Finally, Conversant Capital LLC raised its position in shares of Walker & Dunlop by 1.9% during the 1st quarter. Conversant Capital LLC now owns 218,000 shares of the financial services provider’s stock worth $28,214,000 after purchasing an additional 4,000 shares during the last quarter. 74.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WD has been the subject of several analyst reports. JMP Securities cut their price target on Walker & Dunlop from $140.00 to $110.00 and set a “market outperform” rating for the company in a report on Thursday, November 10th. StockNews.com downgraded Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Thursday, November 17th.

Walker & Dunlop Stock Performance

Shares of WD opened at $82.71 on Wednesday. The stock has a fifty day moving average of $86.70 and a two-hundred day moving average of $97.18. The company has a market capitalization of $2.73 billion, a PE ratio of 10.95 and a beta of 1.25. Walker & Dunlop, Inc. has a fifty-two week low of $75.33 and a fifty-two week high of $155.67.

Walker & Dunlop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 25th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.90%. Walker & Dunlop’s payout ratio is 31.79%.

About Walker & Dunlop

(Get Rating)

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. The company offers first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.

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Institutional Ownership by Quarter for Walker & Dunlop (NYSE:WD)

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