Planned Solutions Inc. Buys Shares of 240 Walker & Dunlop, Inc. (NYSE:WD)

Planned Solutions Inc. bought a new stake in Walker & Dunlop, Inc. (NYSE:WDFree Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 240 shares of the financial services provider’s stock, valued at approximately $27,000.

A number of other large investors also recently bought and sold shares of WD. Advisor Group Holdings Inc. lifted its position in Walker & Dunlop by 5.7% in the first quarter. Advisor Group Holdings Inc. now owns 2,145 shares of the financial services provider’s stock valued at $262,000 after buying an additional 115 shares during the last quarter. Citigroup Inc. increased its stake in Walker & Dunlop by 1.7% during the first quarter. Citigroup Inc. now owns 28,424 shares of the financial services provider’s stock worth $3,678,000 after purchasing an additional 465 shares during the period. MetLife Investment Management LLC increased its stake in Walker & Dunlop by 47.8% during the first quarter. MetLife Investment Management LLC now owns 15,223 shares of the financial services provider’s stock worth $1,970,000 after purchasing an additional 4,925 shares during the period. Rhumbline Advisers increased its stake in Walker & Dunlop by 2.4% during the first quarter. Rhumbline Advisers now owns 79,654 shares of the financial services provider’s stock worth $10,309,000 after purchasing an additional 1,846 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake in Walker & Dunlop by 1.0% during the first quarter. Great West Life Assurance Co. Can now owns 26,233 shares of the financial services provider’s stock worth $3,482,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 80.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on WD. Wedbush reiterated an “outperform” rating and set a $130.00 price target on shares of Walker & Dunlop in a research note on Friday, February 16th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $105.00 target price on shares of Walker & Dunlop in a research note on Tuesday. Finally, StockNews.com lowered shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $117.50.

Check Out Our Latest Stock Analysis on Walker & Dunlop

Walker & Dunlop Stock Up 0.3 %

Shares of Walker & Dunlop stock opened at $101.06 on Friday. The firm has a market capitalization of $3.40 billion, a P/E ratio of 31.78 and a beta of 1.52. Walker & Dunlop, Inc. has a 52 week low of $61.06 and a 52 week high of $113.67. The firm’s 50 day moving average is $95.29 and its two-hundred day moving average is $88.36.

Walker & Dunlop (NYSE:WDGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.38. The business had revenue of $274.30 million during the quarter, compared to the consensus estimate of $276.76 million. Walker & Dunlop had a return on equity of 9.15% and a net margin of 10.18%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.41 earnings per share. As a group, research analysts expect that Walker & Dunlop, Inc. will post 4.31 earnings per share for the current fiscal year.

Walker & Dunlop Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.65 dividend. This is an increase from Walker & Dunlop’s previous quarterly dividend of $0.63. This represents a $2.60 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Thursday, February 29th. Walker & Dunlop’s dividend payout ratio is presently 81.76%.

Insider Buying and Selling

In related news, CFO Gregory Florkowski sold 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $96.45, for a total transaction of $385,800.00. Following the completion of the sale, the chief financial officer now directly owns 11,809 shares of the company’s stock, valued at $1,138,978.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Gregory Florkowski sold 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $96.45, for a total transaction of $385,800.00. Following the completion of the sale, the chief financial officer now directly owns 11,809 shares of the company’s stock, valued at $1,138,978.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Paula A. Pryor sold 1,908 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $94.09, for a total value of $179,523.72. Following the sale, the executive vice president now directly owns 3,707 shares of the company’s stock, valued at $348,791.63. The disclosure for this sale can be found here. Insiders sold a total of 66,074 shares of company stock valued at $6,288,055 over the last three months. 5.47% of the stock is currently owned by company insiders.

About Walker & Dunlop

(Free Report)

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.

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Want to see what other hedge funds are holding WD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walker & Dunlop, Inc. (NYSE:WDFree Report).

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

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