Amundi Decreases Position in Walker & Dunlop, Inc. $WD

Amundi lowered its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 5.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 161,603 shares of the financial services provider’s stock after selling 9,229 shares during the quarter. Amundi owned 0.48% of Walker & Dunlop worth $12,948,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of WD. Dark Forest Capital Management LP acquired a new position in Walker & Dunlop during the 1st quarter worth $4,090,000. Royal Bank of Canada grew its position in shares of Walker & Dunlop by 41.4% during the first quarter. Royal Bank of Canada now owns 8,196 shares of the financial services provider’s stock worth $699,000 after buying an additional 2,399 shares in the last quarter. First Sabrepoint Capital Management LP raised its holdings in Walker & Dunlop by 3.3% in the first quarter. First Sabrepoint Capital Management LP now owns 95,068 shares of the financial services provider’s stock valued at $8,115,000 after acquiring an additional 3,010 shares in the last quarter. HGI Capital Management LLC acquired a new stake in Walker & Dunlop in the first quarter valued at approximately $4,252,000. Finally, Ceredex Value Advisors LLC lifted its stake in Walker & Dunlop by 22.4% in the first quarter. Ceredex Value Advisors LLC now owns 110,750 shares of the financial services provider’s stock worth $9,454,000 after acquiring an additional 20,300 shares during the last quarter. 80.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walker & Dunlop

In other news, EVP Paula A. Pryor sold 5,336 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $86.20, for a total value of $459,963.20. Following the completion of the sale, the executive vice president directly owned 9,341 shares of the company’s stock, valued at approximately $805,194.20. This represents a 36.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.66% of the company’s stock.

Wall Street Analysts Forecast Growth

WD has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Walker & Dunlop from a “strong sell” rating to a “hold” rating in a report on Saturday, August 9th. Wedbush reaffirmed a “neutral” rating and set a $90.00 price target on shares of Walker & Dunlop in a report on Thursday, August 14th. One equities 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $92.50.

Walker & Dunlop Price Performance

Shares of WD opened at $85.18 on Wednesday. Walker & Dunlop, Inc. has a 1-year low of $64.48 and a 1-year high of $118.19. The stock has a market cap of $2.90 billion, a PE ratio of 26.29 and a beta of 1.59. The firm has a fifty day moving average price of $79.39 and a 200 day moving average price of $77.11.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings data on Thursday, August 7th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.14). Walker & Dunlop had a return on equity of 8.81% and a net margin of 9.27%.The firm had revenue of $319.24 million for the quarter, compared to analysts’ expectations of $275.84 million. During the same period in the previous year, the business posted $1.23 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Thursday, August 21st were paid a $0.67 dividend. The ex-dividend date was Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a yield of 3.1%. Walker & Dunlop’s payout ratio is currently 82.72%.

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.