Y Intercept Hong Kong Ltd Makes New Investment in Walker & Dunlop, Inc. $WD

Y Intercept Hong Kong Ltd acquired a new position in Walker & Dunlop, Inc. (NYSE:WD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,239 shares of the financial services provider’s stock, valued at approximately $933,000.

Several other institutional investors have also added to or reduced their stakes in WD. GAMMA Investing LLC raised its holdings in Walker & Dunlop by 26.1% in 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 in the last quarter. First Horizon Advisors Inc. bought a new position in Walker & Dunlop in the 1st quarter worth $27,000. Teacher Retirement System of Texas bought a new position in Walker & Dunlop in the 1st quarter worth $421,000. Principal Financial Group Inc. raised its holdings in Walker & Dunlop by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 160,069 shares of the financial services provider’s stock worth $13,663,000 after purchasing an additional 3,805 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Walker & Dunlop by 111.1% during the first quarter. Envestnet Asset Management Inc. now owns 87,854 shares of the financial services provider’s stock valued at $7,499,000 after buying an additional 46,229 shares during the period. 80.97% of the stock is currently owned by institutional investors.

Walker & Dunlop Trading Up 0.1%

Shares of NYSE WD opened at $80.41 on Wednesday. The firm has a 50 day moving average of $83.66 and a 200 day moving average of $77.38. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 24.82 and a beta of 1.59. Walker & Dunlop, Inc. has a 12-month low of $64.48 and a 12-month high of $118.19.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings results on Thursday, August 7th. The financial services provider reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.14). The firm had revenue of $319.24 million during 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 business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.23 earnings per share. Sell-side analysts predict that Walker & Dunlop, Inc. will post 4.97 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on WD shares. Wall Street Zen upgraded shares of Walker & Dunlop from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 9th. Keefe, Bruyette & Woods increased their price target on shares of Walker & Dunlop from $95.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Citigroup upgraded shares of Walker & Dunlop to an “outperform” rating in a research note on Friday, October 10th. Citizens Jmp upgraded shares of Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $95.00 price objective for the company in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Walker & Dunlop in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Walker & Dunlop has an average rating of “Moderate Buy” and a consensus price target of $94.25.

Insider Activity

In related news, EVP Paula A. Pryor sold 5,336 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $86.20, for a total transaction of $459,963.20. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.66% of the stock is owned by company insiders.

About Walker & Dunlop

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.