US Bancorp DE Purchases 1,149 Shares of Walker & Dunlop, Inc. (NYSE:WD)

US Bancorp DE boosted its position in shares of Walker & Dunlop, Inc. (NYSE:WDFree Report) by 13.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,454 shares of the financial services provider’s stock after buying an additional 1,149 shares during the quarter. US Bancorp DE’s holdings in Walker & Dunlop were worth $1,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WD. Norges Bank bought a new position in Walker & Dunlop in the 4th quarter worth $40,059,000. Victory Capital Management Inc. raised its holdings in Walker & Dunlop by 65.9% in the 4th quarter. Victory Capital Management Inc. now owns 658,857 shares of the financial services provider’s stock worth $73,140,000 after purchasing an additional 261,708 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Walker & Dunlop by 7,867.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 73,461 shares of the financial services provider’s stock worth $8,155,000 after purchasing an additional 72,539 shares in the last quarter. Great Lakes Advisors LLC bought a new position in Walker & Dunlop in the 4th quarter worth $5,016,000. Finally, Sequoia Financial Advisors LLC raised its holdings in Walker & Dunlop by 16.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 296,015 shares of the financial services provider’s stock worth $21,976,000 after purchasing an additional 42,160 shares in the last quarter. 80.97% of the stock is currently owned by institutional investors.

Walker & Dunlop Price Performance

Shares of Walker & Dunlop stock opened at $94.59 on Tuesday. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 34.52 and a beta of 1.54. Walker & Dunlop, Inc. has a 1 year low of $62.51 and a 1 year high of $113.67. The company has a 50-day moving average of $95.63 and a 200 day moving average of $95.87.

Walker & Dunlop (NYSE:WDGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.36. The business had revenue of $228.10 million during the quarter, compared to analyst estimates of $251.82 million. Walker & Dunlop had a net margin of 8.87% and a return on equity of 9.16%. Walker & Dunlop’s revenue was down 4.4% compared to the same quarter last year. During the same period last year, the business earned $1.17 EPS. On average, equities analysts anticipate that Walker & Dunlop, Inc. will post 5.35 EPS for the current year.

Walker & Dunlop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, May 16th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.60 dividend on an annualized basis and a yield of 2.75%. Walker & Dunlop’s dividend payout ratio is currently 94.89%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wedbush restated a “neutral” rating and issued a $95.00 price objective on shares of Walker & Dunlop in a report on Friday, May 3rd. StockNews.com lowered shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $105.00 price target on shares of Walker & Dunlop in a research note on Tuesday, March 26th.

Get Our Latest Stock Report on WD

Insider Buying and Selling at Walker & Dunlop

In other Walker & Dunlop news, Director Howard W. Smith III sold 20,166 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 191,508 shares in the company, valued at approximately $17,917,488.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Paula A. Pryor sold 4,533 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $97.33, for a total transaction of $441,196.89. Following the sale, the executive vice president now owns 9,227 shares of the company’s stock, valued at approximately $898,063.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Howard W. Smith III sold 20,166 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 191,508 shares in the company, valued at approximately $17,917,488.48. The disclosure for this sale can be found here. 5.26% of the stock is 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.

Further Reading

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

Receive News & Ratings for Walker & Dunlop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walker & Dunlop and related companies with MarketBeat.com's FREE daily email newsletter.