BNP Paribas Financial Markets lifted its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD – Free Report) by 73.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 16,493 shares of the financial services provider’s stock after acquiring an additional 6,980 shares during the period. BNP Paribas Financial Markets’ holdings in Walker & Dunlop were worth $1,667,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in WD. Planned Solutions Inc. purchased a new position in shares of Walker & Dunlop in the 4th quarter worth $27,000. GAMMA Investing LLC purchased a new position in shares of Walker & Dunlop in the 4th quarter worth $29,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Walker & Dunlop by 163.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 398 shares of the financial services provider’s stock worth $40,000 after buying an additional 247 shares during the period. Strs Ohio raised its position in shares of Walker & Dunlop by 114.3% in the 4th quarter. Strs Ohio now owns 1,500 shares of the financial services provider’s stock worth $166,000 after buying an additional 800 shares during the period. Finally, Arkadios Wealth Advisors purchased a new position in shares of Walker & Dunlop in the 4th quarter worth $205,000. Institutional investors and hedge funds own 80.97% of the company’s stock.
Walker & Dunlop Price Performance
NYSE:WD opened at $107.83 on Wednesday. The business’s 50-day moving average is $96.49 and its two-hundred day moving average is $95.92. Walker & Dunlop, Inc. has a 12 month low of $62.51 and a 12 month high of $113.67. The firm has a market capitalization of $3.64 billion, a PE ratio of 39.35 and a beta of 1.55.
Walker & Dunlop (NYSE:WD – Get Free Report) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.36. Walker & Dunlop had a return on equity of 9.16% and a net margin of 8.87%. The business had revenue of $228.10 million for the quarter, compared to analyst estimates of $251.82 million. During the same period in the previous year, the company earned $1.17 earnings per share. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. Equities analysts anticipate that Walker & Dunlop, Inc. will post 5.35 EPS for the current year.
Walker & Dunlop Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 16th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, May 15th. Walker & Dunlop’s payout ratio is 94.89%.
Analyst Ratings Changes
Several research analysts have commented on WD shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $105.00 price objective on shares of Walker & Dunlop in a research report on Tuesday, March 26th. Wedbush reissued a “neutral” rating and issued a $95.00 price objective on shares of Walker & Dunlop in a research report on Friday, May 3rd. Finally, StockNews.com lowered Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd.
Get Our Latest Stock Analysis on Walker & Dunlop
Insider Transactions at Walker & Dunlop
In other news, EVP Paula A. Pryor sold 4,533 shares of Walker & Dunlop stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $97.33, for a total transaction of $441,196.89. Following the sale, the executive vice president now directly owns 9,227 shares of the company’s stock, valued at $898,063.91. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.47% of the company’s stock.
About Walker & Dunlop
(Free Report)
Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.
Further Reading
Want to see what other hedge funds are holding WD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walker & Dunlop, Inc. (NYSE:WD – Free Report).
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