Russell Investments Group Ltd. Has $3.08 Million Stock Position in Walker & Dunlop, Inc. $WD

Russell Investments Group Ltd. increased its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 107.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,127 shares of the financial services provider’s stock after buying an additional 18,678 shares during the period. Russell Investments Group Ltd. owned 0.11% of Walker & Dunlop worth $3,084,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WD. First Horizon Advisors Inc. acquired a new position in Walker & Dunlop during the 1st quarter worth about $27,000. Versant Capital Management Inc raised its holdings in Walker & Dunlop by 90.5% during the 1st quarter. Versant Capital Management Inc now owns 383 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 182 shares during the last quarter. Parallel Advisors LLC raised its holdings in Walker & Dunlop by 122.0% during the 1st quarter. Parallel Advisors LLC now owns 444 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 244 shares during the last quarter. National Bank of Canada FI raised its holdings in Walker & Dunlop by 81.9% during the 1st quarter. National Bank of Canada FI now owns 724 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 326 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Walker & Dunlop by 26.1% during the 1st quarter. GAMMA Investing LLC now owns 764 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

Walker & Dunlop Price Performance

Shares of WD stock opened at $86.8960 on Monday. The stock has a market cap of $2.96 billion, a PE ratio of 26.82 and a beta of 1.57. The stock has a 50-day moving average of $75.47 and a 200-day moving average of $77.28. Walker & Dunlop, Inc. has a one year low of $64.48 and a one year high of $118.19.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.14). The company had revenue of $319.24 million during the quarter, compared to the consensus estimate of $275.84 million. Walker & Dunlop had a net margin of 9.27% and a return on equity of 8.81%. The business’s revenue was up 17.9% compared to the same quarter last year. During the same period last year, the company earned $1.23 earnings per share. As a group, research analysts anticipate that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current year.

Walker & Dunlop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Thursday, August 21st will be paid a $0.67 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.1%. Walker & Dunlop’s dividend payout ratio is 82.72%.

Analysts Set New Price Targets

Several brokerages have weighed in on WD. Wall Street Zen raised Walker & Dunlop from a “strong sell” rating to a “hold” rating in a report on Saturday, August 9th. Wedbush reissued a “neutral” rating and set a $90.00 price objective on shares of Walker & Dunlop in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $92.50.

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.