First Trust Advisors LP Buys 36,639 Shares of Walker & Dunlop, Inc. (NYSE:WD)

First Trust Advisors LP lifted its stake in shares of Walker & Dunlop, Inc. (NYSE:WDFree Report) by 15.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 266,537 shares of the financial services provider’s stock after purchasing an additional 36,639 shares during the quarter. First Trust Advisors LP owned 0.80% of Walker & Dunlop worth $29,588,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Planned Solutions Inc. bought a new stake in shares of Walker & Dunlop during the 4th quarter valued at approximately $27,000. GAMMA Investing LLC bought a new stake in shares of Walker & Dunlop during the 4th quarter valued at approximately $29,000. Strs Ohio grew its holdings in shares of Walker & Dunlop by 114.3% during the 4th quarter. Strs Ohio now owns 1,500 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 800 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in Walker & Dunlop during the 4th quarter worth approximately $205,000. Finally, Xponance Inc. bought a new stake in Walker & Dunlop during the 4th quarter worth approximately $214,000. 80.97% of the stock is owned by institutional investors.

Walker & Dunlop Stock Performance

Shares of NYSE WD opened at $92.16 on Monday. The company has a market capitalization of $3.11 billion, a P/E ratio of 33.64 and a beta of 1.54. Walker & Dunlop, Inc. has a 52-week low of $62.51 and a 52-week high of $113.67. The company’s 50 day moving average price is $95.12 and its 200-day moving average price is $96.17.

Walker & Dunlop (NYSE:WDGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.36. The firm had revenue of $228.10 million for the quarter, compared to the consensus estimate of $251.82 million. Walker & Dunlop had a net margin of 8.87% and a return on equity of 9.16%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.17 EPS. Analysts forecast that Walker & Dunlop, Inc. will post 5.35 earnings per share for the current year.

Walker & Dunlop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 16th were given a $0.65 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.82%. Walker & Dunlop’s dividend payout ratio (DPR) is currently 94.89%.

Insider Transactions at Walker & Dunlop

In related news, EVP Paula A. Pryor sold 4,533 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $97.33, for a total transaction of $441,196.89. Following the transaction, the executive vice president now owns 9,227 shares in the company, valued at approximately $898,063.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WD shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $105.00 target price on shares of Walker & Dunlop in a report on Tuesday, March 26th. Wedbush reissued a “neutral” rating and set a $95.00 target price on shares of Walker & Dunlop in a report on Friday, May 3rd. Finally, StockNews.com lowered shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Friday, March 22nd.

Get Our Latest Research Report on WD

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

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