Bank of New York Mellon Corp Has $28.41 Million Holdings in Walker & Dunlop, Inc. (NYSE:WD)

Bank of New York Mellon Corp cut its position in Walker & Dunlop, Inc. (NYSE:WD) by 4.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 332,822 shares of the financial services provider’s stock after selling 15,634 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.98% of Walker & Dunlop worth $28,410,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Walker & Dunlop during the 4th quarter worth about $40,226,000. Sequoia Financial Advisors LLC bought a new position in Walker & Dunlop during the 1st quarter valued at about $22,363,000. Loomis Sayles & Co. L P bought a new position in Walker & Dunlop during the 4th quarter valued at about $17,384,000. Granite Investment Partners LLC bought a new position in Walker & Dunlop during the 4th quarter valued at about $13,338,000. Finally, M.D. Sass LLC lifted its holdings in Walker & Dunlop by 57.4% during the 4th quarter. M.D. Sass LLC now owns 264,855 shares of the financial services provider’s stock valued at $25,747,000 after purchasing an additional 96,563 shares during the last quarter. 80.97% of the stock is currently owned by institutional investors and hedge funds.

Walker & Dunlop Trading Up 1.4%

Shares of NYSE WD opened at $74.40 on Thursday. Walker & Dunlop, Inc. has a 1-year low of $64.48 and a 1-year high of $118.19. The company has a market cap of $2.53 billion, a PE ratio of 25.48 and a beta of 1.54. The company has a 50-day moving average of $70.74 and a two-hundred day moving average of $80.44.

Walker & Dunlop (NYSE:WD) last announced its earnings results on Thursday, May 1st. The financial services provider reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.13). Walker & Dunlop had a return on equity of 8.99% and a net margin of 8.68%. The company had revenue of $237.37 million during the quarter, compared to the consensus estimate of $260.43 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. As a group, equities research analysts forecast that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current year.

Walker & Dunlop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Thursday, May 15th. Walker & Dunlop’s dividend payout ratio is presently 91.78%.

Analyst Ratings Changes

Several equities analysts recently issued reports on WD shares. Keefe, Bruyette & Woods cut their price target 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 report on Tuesday, May 6th.

Walker & Dunlop Company 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.