Handelsbanken Fonder AB Sells 2,500 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Handelsbanken Fonder AB lowered its position in Walker & Dunlop, Inc. (NYSE:WD) by 34.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,851 shares of the financial services provider’s stock after selling 2,500 shares during the period. Handelsbanken Fonder AB’s holdings in Walker & Dunlop were worth $414,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in WD. Rhumbline Advisers increased its position in shares of Walker & Dunlop by 1.5% during the fourth quarter. Rhumbline Advisers now owns 95,061 shares of the financial services provider’s stock valued at $9,241,000 after acquiring an additional 1,368 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in Walker & Dunlop by 6.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 19,631 shares of the financial services provider’s stock valued at $1,908,000 after purchasing an additional 1,188 shares during the period. Principal Financial Group Inc. increased its position in shares of Walker & Dunlop by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 156,264 shares of the financial services provider’s stock valued at $15,190,000 after purchasing an additional 4,580 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Walker & Dunlop by 46.4% during the 4th quarter. CIBC Asset Management Inc now owns 3,258 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 1,032 shares during the period. Finally, Truist Financial Corp boosted its holdings in shares of Walker & Dunlop by 489.2% in the 4th quarter. Truist Financial Corp now owns 12,185 shares of the financial services provider’s stock worth $1,184,000 after buying an additional 10,117 shares during the last quarter. 80.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Walker & Dunlop Price Performance

Shares of NYSE WD opened at $68.29 on Monday. The stock has a market capitalization of $2.32 billion, a PE ratio of 21.41 and a beta of 1.56. Walker & Dunlop, Inc. has a one year low of $64.48 and a one year high of $118.19. The business’s fifty day moving average price is $72.14 and its 200-day moving average price is $85.33.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.13). The firm had revenue of $237.37 million during the quarter, compared to the consensus estimate of $260.43 million. Walker & Dunlop had a net margin of 9.55% and a return on equity of 9.64%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. As a group, equities analysts expect that Walker & Dunlop, Inc. will post 4.97 EPS for the current fiscal year.

Walker & Dunlop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend was Thursday, May 15th. Walker & Dunlop’s payout ratio is currently 91.78%.

Walker & Dunlop Profile

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.