PNC Financial Services Group Inc. Acquires 846 Shares of Walker & Dunlop, Inc. (NYSE:WD)

PNC Financial Services Group Inc. boosted its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 23.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,506 shares of the financial services provider’s stock after acquiring an additional 846 shares during the period. PNC Financial Services Group Inc.’s holdings in Walker & Dunlop were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in WD. Sequoia Financial Advisors LLC bought a new stake in Walker & Dunlop in the 1st quarter valued at $22,363,000. Royce & Associates LP raised its stake in Walker & Dunlop by 257.2% in the 1st quarter. Royce & Associates LP now owns 282,688 shares of the financial services provider’s stock valued at $24,130,000 after acquiring an additional 203,542 shares during the period. Tributary Capital Management LLC bought a new stake in Walker & Dunlop in the 1st quarter valued at $12,111,000. GAMMA Investing LLC raised its stake in Walker & Dunlop by 10,661.6% in the 1st quarter. GAMMA Investing LLC now owns 65,215 shares of the financial services provider’s stock valued at $5,567,000 after acquiring an additional 64,609 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Walker & Dunlop by 111.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 87,854 shares of the financial services provider’s stock valued at $7,499,000 after acquiring an additional 46,229 shares during the period. Institutional investors own 80.97% of the company’s stock.

Walker & Dunlop Price Performance

WD stock opened at $84.38 on Friday. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 26.04 and a beta of 1.57. The business’s fifty day moving average price is $73.72 and its two-hundred day moving average price is $77.99. 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 data on Thursday, August 7th. The financial services provider reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.14). The firm had revenue of $319.24 million for the quarter, compared to the consensus estimate of $275.84 million. Walker & Dunlop had a return on equity of 8.81% and a net margin of 9.27%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 EPS. Research analysts expect that Walker & Dunlop, Inc. will post 4.97 EPS for the current year.

Walker & Dunlop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Thursday, August 21st will be given a $0.67 dividend. The ex-dividend date is Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.2%. Walker & Dunlop’s dividend payout ratio (DPR) is presently 82.72%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WD. Keefe, Bruyette & Woods dropped their price target on Walker & Dunlop from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. Wedbush restated a “neutral” rating and issued a $90.00 price target on shares of Walker & Dunlop in a research note on Thursday. Finally, Wall Street Zen upgraded Walker & Dunlop from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th.

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.