Walker & Dunlop, Inc. (NYSE:WD) Shares Sold by Millennium Management LLC

Millennium Management LLC lowered its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 67.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,266 shares of the financial services provider’s stock after selling 30,104 shares during the quarter. Millennium Management LLC’s holdings in Walker & Dunlop were worth $1,387,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC lifted its holdings in Walker & Dunlop by 456.4% in the fourth quarter. Sterling Capital Management LLC now owns 306 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 251 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Walker & Dunlop by 230.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the financial services provider’s stock valued at $72,000 after acquiring an additional 524 shares during the period. KBC Group NV lifted its holdings in Walker & Dunlop by 33.6% in the fourth quarter. KBC Group NV now owns 1,607 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 404 shares during the period. Quantbot Technologies LP acquired a new stake in Walker & Dunlop in the fourth quarter valued at $178,000. Finally, Crewe Advisors LLC lifted its holdings in Walker & Dunlop by 42.9% in the fourth quarter. Crewe Advisors LLC now owns 2,000 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 80.97% of the company’s stock.

Walker & Dunlop Stock Up 1.6%

Shares of WD stock opened at $68.06 on Wednesday. The stock has a market cap of $2.31 billion, a P/E ratio of 21.34 and a beta of 1.64. The business has a fifty day simple moving average of $73.95 and a 200-day simple moving average of $87.69. Walker & Dunlop, Inc. has a fifty-two week low of $64.48 and a fifty-two week high of $118.19.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.85 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.13). The business had revenue of $237.37 million during the quarter, compared to analysts’ expectations of $260.43 million. Walker & Dunlop had a net margin of 9.55% and a return on equity of 9.64%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 EPS. On average, sell-side analysts anticipate that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current year.

Walker & Dunlop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Thursday, May 15th. Walker & Dunlop’s dividend payout ratio is currently 91.78%.

Insider Activity

In other news, CEO William M. Walker acquired 17,500 shares of Walker & Dunlop stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $86.21 per share, with a total value of $1,508,675.00. Following the purchase, the chief executive officer now directly owns 411,271 shares of the company’s stock, valued at approximately $35,455,672.91. This trade represents a 4.44% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WD shares. Wall Street Zen downgraded Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods reduced their target price on Walker & Dunlop from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, April 17th.

About Walker & Dunlop

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.