Walker & Dunlop, Inc. (NYSE:WD) Stock Position Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 7,867.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 73,461 shares of the financial services provider’s stock after acquiring an additional 72,539 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Walker & Dunlop were worth $8,155,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Belpointe Asset Management LLC increased its stake in shares of Walker & Dunlop by 360.0% in the first quarter. Belpointe Asset Management LLC now owns 345 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 270 shares during the period. Planned Solutions Inc. bought a new stake in Walker & Dunlop during the 4th quarter valued at $27,000. Covestor Ltd boosted its position in Walker & Dunlop by 5,066.7% during the 1st quarter. Covestor Ltd now owns 310 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 304 shares during the period. Strs Ohio boosted its position in Walker & Dunlop by 133.3% during the 3rd quarter. Strs Ohio now owns 700 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 400 shares during the period. Finally, Byrne Asset Management LLC bought a new position in shares of Walker & Dunlop in the third quarter worth $56,000. Institutional investors and hedge funds own 80.97% of the company’s stock.

Insider Buying and Selling

In other Walker & Dunlop news, Director Howard W. Smith III sold 20,166 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $93.56, for a total transaction of $1,886,730.96. Following the sale, the director now owns 191,508 shares in the company, valued at approximately $17,917,488.48. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Walker & Dunlop news, Director Howard W. Smith III sold 20,166 shares of Walker & Dunlop stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $93.56, for a total transaction of $1,886,730.96. Following the transaction, the director now directly owns 191,508 shares in the company, valued at approximately $17,917,488.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Paula A. Pryor sold 1,908 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $94.09, for a total transaction of $179,523.72. Following the sale, the executive vice president now directly owns 3,707 shares in the company, valued at $348,791.63. The disclosure for this sale can be found here. Insiders have sold 46,074 shares of company stock worth $4,328,255 in the last three months. 5.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on WD shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $105.00 price objective on shares of Walker & Dunlop in a report on Tuesday, March 26th. StockNews.com lowered shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Finally, Wedbush lowered shares of Walker & Dunlop from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $130.00 to $95.00 in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $100.00.

Walker & Dunlop Trading Down 0.0 %

Shares of Walker & Dunlop stock opened at $90.98 on Thursday. Walker & Dunlop, Inc. has a 52 week low of $61.06 and a 52 week high of $113.67. The company’s 50-day moving average price is $94.46 and its two-hundred day moving average price is $89.87. The stock has a market cap of $3.06 billion, a PE ratio of 28.61 and a beta of 1.53.

Walker & Dunlop (NYSE:WD) last released its earnings results on Thursday, February 15th. The financial services provider reported $1.42 EPS 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 analyst estimates of $276.76 million. Walker & Dunlop had a net margin of 10.18% and a return on equity of 9.15%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.41 earnings per share. On average, equities analysts predict that Walker & Dunlop, Inc. will post 4.21 EPS for the current fiscal year.

Walker & Dunlop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is a positive change from Walker & Dunlop’s previous quarterly dividend of $0.63. This represents a $2.60 annualized dividend and a dividend yield of 2.86%. Walker & Dunlop’s dividend payout ratio (DPR) is currently 81.76%.

Walker & Dunlop Company 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.