Aperio Group LLC raised its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 76.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,379 shares of the financial services provider’s stock after acquiring an additional 4,513 shares during the period. Aperio Group LLC’s holdings in Walker & Dunlop were worth $578,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. WBI Investments Inc. bought a new stake in Walker & Dunlop in the first quarter valued at $5,671,000. BlackRock Inc. lifted its position in Walker & Dunlop by 1.6% during the first quarter. BlackRock Inc. now owns 3,658,735 shares of the financial services provider’s stock valued at $217,403,000 after buying an additional 56,424 shares during the period. Victory Capital Management Inc. lifted its position in Walker & Dunlop by 8.6% during the first quarter. Victory Capital Management Inc. now owns 652,214 shares of the financial services provider’s stock valued at $38,755,000 after buying an additional 51,652 shares during the period. HL Financial Services LLC lifted its position in Walker & Dunlop by 533.9% during the first quarter. HL Financial Services LLC now owns 55,203 shares of the financial services provider’s stock valued at $3,280,000 after buying an additional 46,495 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in Walker & Dunlop by 30.2% during the first quarter. Allianz Asset Management GmbH now owns 166,474 shares of the financial services provider’s stock valued at $9,891,000 after buying an additional 38,604 shares during the period. Institutional investors and hedge funds own 81.42% of the company’s stock.
WD has been the subject of several recent research reports. ValuEngine lowered Walker & Dunlop from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Compass Point reaffirmed a “buy” rating and issued a $63.00 price target on shares of Walker & Dunlop in a research report on Wednesday, August 1st. Finally, Wedbush lifted their price target on Walker & Dunlop from $50.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, June 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $63.00.
In related news, EVP Richard M. Lucas sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 25th. The stock was sold at an average price of $57.60, for a total value of $1,152,000.00. Following the transaction, the executive vice president now directly owns 118,374 shares of the company’s stock, valued at approximately $6,818,342.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director E. John Rice, Jr. sold 4,644 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $54.25, for a total value of $251,937.00. Following the sale, the director now directly owns 22,579 shares in the company, valued at $1,224,910.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 181,772 shares of company stock valued at $10,136,893. 11.70% of the stock is currently owned by corporate insiders.
Shares of Walker & Dunlop stock traded down $0.02 during trading hours on Friday, reaching $53.53. 386,654 shares of the stock traded hands, compared to its average volume of 161,007. The company has a market cap of $1.67 billion, a P/E ratio of 11.23 and a beta of 0.66. Walker & Dunlop, Inc. has a one year low of $42.66 and a one year high of $61.44. The company has a quick ratio of 6.99, a current ratio of 6.99 and a debt-to-equity ratio of 1.62.
Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.06). The firm had revenue of $178.20 million for the quarter, compared to the consensus estimate of $182.79 million. Walker & Dunlop had a net margin of 29.63% and a return on equity of 18.89%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.08 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Friday, August 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.87%.
About Walker & Dunlop
Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate loans for owners and developers of real estate in the United States. The company offers multifamily properties and commercial real estate finance products, such as first mortgage loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans.
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