Voya Investment Management LLC Decreases Stock Position in Walker & Dunlop, Inc. $WD

Voya Investment Management LLC cut its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 10.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,585 shares of the financial services provider’s stock after selling 1,000 shares during the period. Voya Investment Management LLC’s holdings in Walker & Dunlop were worth $733,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WD. First Horizon Advisors Inc. purchased a new stake in shares of Walker & Dunlop in the 1st quarter worth about $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Walker & Dunlop in the 1st quarter worth about $32,000. Versant Capital Management Inc boosted its position in shares of Walker & Dunlop by 90.5% in the 1st quarter. Versant Capital Management Inc now owns 383 shares of the financial services provider’s stock worth $33,000 after buying an additional 182 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Walker & Dunlop by 122.0% in the 1st quarter. Parallel Advisors LLC now owns 444 shares of the financial services provider’s stock worth $38,000 after buying an additional 244 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Walker & Dunlop in the 1st quarter worth about $51,000. 80.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Walker & Dunlop

In other news, EVP Paula A. Pryor sold 5,336 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $86.20, for a total transaction of $459,963.20. Following the completion of the transaction, the executive vice president owned 9,341 shares of the company’s stock, valued at $805,194.20. This represents a 36.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.66% of the stock is currently owned by corporate insiders.

Walker & Dunlop Trading Down 1.7%

NYSE:WD opened at $82.14 on Friday. Walker & Dunlop, Inc. has a 12-month low of $64.48 and a 12-month high of $118.19. The company’s 50-day moving average is $82.02 and its two-hundred day moving average is $77.22. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 25.35 and a beta of 1.59.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data 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). Walker & Dunlop had a net margin of 9.27% and a return on equity of 8.81%. The company had revenue of $319.24 million for the quarter, compared to analyst estimates of $275.84 million. During the same period in the prior year, the company earned $1.23 EPS. The company’s revenue was up 17.9% compared to the same quarter last year. On average, equities research analysts forecast that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current fiscal year.

Walker & Dunlop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. Walker & Dunlop’s dividend payout ratio is currently 82.72%.

Analyst Ratings Changes

Several research firms recently commented on WD. Wall Street Zen upgraded shares of Walker & Dunlop from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th. Wedbush restated a “neutral” rating and issued a $90.00 target price on shares of Walker & Dunlop in a report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Walker & Dunlop currently has an average rating of “Moderate Buy” and an average target price of $92.50.

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.