Walker & Dunlop, Inc. (NYSE:WD) Stake Lessened by AE Wealth Management LLC

AE Wealth Management LLC lowered its holdings in Walker & Dunlop, Inc. (NYSE:WD – Get Rating) by 24.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,250 shares of the financial services provider’s stock after selling 1,658 shares during the period. AE Wealth Management LLC’s holdings in Walker & Dunlop were worth $440,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Louisiana State Employees Retirement System purchased a new stake in shares of Walker & Dunlop in the third quarter valued at $1,231,000. M&G Investment Management Ltd. lifted its holdings in shares of Walker & Dunlop by 5.3% in the second quarter. M&G Investment Management Ltd. now owns 11,621 shares of the financial services provider’s stock valued at $1,116,000 after purchasing an additional 590 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Walker & Dunlop by 2.7% in the second quarter. Legal & General Group Plc now owns 88,469 shares of the financial services provider’s stock valued at $8,523,000 after purchasing an additional 2,357 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of Walker & Dunlop in the second quarter valued at $230,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Walker & Dunlop by 7.6% in the second quarter. Captrust Financial Advisors now owns 1,590 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 77.78% of the company’s stock.

Analyst Ratings Changes

WD has been the subject of several recent research reports. JMP Securities cut their price objective 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 lowered Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Thursday, November 17th.

Insiders Place Their Bets

In other Walker & Dunlop news, COO Stephen P. Theobald sold 10,000 shares of the stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $91.41, for a total transaction of $914,100.00. Following the transaction, the chief operating officer now directly owns 43,699 shares of the company’s stock, valued at $3,994,525.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, COO Stephen P. Theobald sold 3,000 shares of the firm’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $79.99, for a total value of $239,970.00. Following the sale, the chief operating officer now directly owns 43,699 shares of the company’s stock, valued at $3,495,483.01. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Stephen P. Theobald sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $91.41, for a total value of $914,100.00. Following the completion of the sale, the chief operating officer now directly owns 43,699 shares in the company, valued at $3,994,525.59. The disclosure for this sale can be found here. Company insiders own 8.05% of the company’s stock.

Walker & Dunlop Trading Up 2.3 %

Shares of NYSE:WD opened at $93.19 on Monday. Walker & Dunlop, Inc. has a 1 year low of $75.33 and a 1 year high of $149.28. The business has a fifty day simple moving average of $82.72 and a 200 day simple moving average of $92.44. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 12.34 and a beta of 1.26.

Walker & Dunlop (NYSE:WD – Get Rating) last posted its earnings results on Wednesday, November 9th. The financial services provider reported $1.40 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.60). The business had revenue of $315.61 million for the quarter, compared to analyst estimates of $344.86 million. Walker & Dunlop had a return on equity of 15.23% and a net margin of 18.11%. On average, sell-side analysts forecast that Walker & Dunlop, Inc. will post 6.68 EPS for the current year.

Walker & Dunlop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Friday, November 25th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.58%. The ex-dividend date was Wednesday, November 23rd. Walker & Dunlop’s payout ratio is 31.79%.

Walker & Dunlop Company Profile

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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.