Allianz Asset Management GmbH Acquires 92,622 Shares of Walker & Dunlop, Inc. (WD)

Allianz Asset Management GmbH boosted its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 262.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,870 shares of the financial services provider’s stock after acquiring an additional 92,622 shares during the quarter. Allianz Asset Management GmbH owned about 0.41% of Walker & Dunlop worth $6,074,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Boston Partners lifted its holdings in Walker & Dunlop by 44.9% during the fourth quarter. Boston Partners now owns 1,527,675 shares of the financial services provider’s stock worth $72,564,000 after buying an additional 473,629 shares during the period. Victory Capital Management Inc. lifted its holdings in Walker & Dunlop by 23.8% during the fourth quarter. Victory Capital Management Inc. now owns 600,562 shares of the financial services provider’s stock worth $28,526,000 after buying an additional 115,416 shares during the period. Bank of New York Mellon Corp lifted its holdings in Walker & Dunlop by 4.8% during the third quarter. Bank of New York Mellon Corp now owns 394,596 shares of the financial services provider’s stock worth $20,649,000 after buying an additional 17,963 shares during the period. Prudential Financial Inc. lifted its holdings in Walker & Dunlop by 1.3% during the third quarter. Prudential Financial Inc. now owns 369,256 shares of the financial services provider’s stock worth $19,323,000 after buying an additional 4,820 shares during the period. Finally, Brown Advisory Inc. lifted its holdings in Walker & Dunlop by 3.2% during the fourth quarter. Brown Advisory Inc. now owns 272,294 shares of the financial services provider’s stock worth $12,933,000 after buying an additional 8,359 shares during the period. 81.16% of the stock is currently owned by institutional investors.

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A number of research firms have weighed in on WD. TheStreet upgraded Walker & Dunlop from a “c+” rating to a “b” rating in a report on Tuesday, March 13th. ValuEngine lowered Walker & Dunlop from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 27th. Zacks Investment Research upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, Keefe, Bruyette & Woods raised Walker & Dunlop from a “market perform” rating to an “outperform” rating in a research report on Friday, January 5th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Walker & Dunlop has an average rating of “Buy” and a consensus price target of $55.50.

WD traded down $0.24 during midday trading on Friday, hitting $59.29. 442,492 shares of the company were exchanged, compared to its average volume of 269,437. The company has a debt-to-equity ratio of 1.35, a quick ratio of 9.41 and a current ratio of 9.41. Walker & Dunlop, Inc. has a 1-year low of $41.19 and a 1-year high of $61.19. The company has a market capitalization of $1,833.16, a P/E ratio of 12.46 and a beta of 0.92.

Walker & Dunlop (NYSE:WD) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.26. Walker & Dunlop had a net margin of 29.66% and a return on equity of 21.33%. The business had revenue of $207.20 million for the quarter, compared to analyst estimates of $181.14 million. During the same period in the prior year, the company posted $1.16 EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. analysts forecast that Walker & Dunlop, Inc. will post 4.32 EPS for the current year.

Walker & Dunlop announced that its Board of Directors has initiated a share buyback program on Wednesday, February 7th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

In other Walker & Dunlop news, President Howard W. Smith III sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $50.16, for a total value of $1,254,000.00. Following the transaction, the president now directly owns 760,550 shares of the company’s stock, valued at approximately $38,149,188. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard M. Lucas sold 18,475 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $59.47, for a total transaction of $1,098,708.25. Following the completion of the transaction, the executive vice president now directly owns 142,345 shares in the company, valued at $8,465,257.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 250,353 shares of company stock worth $12,811,336. Corporate insiders own 11.70% of the company’s stock.

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Walker & Dunlop Company Profile

Walker & Dunlop, Inc is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company originates, sells and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.

Institutional Ownership by Quarter for Walker & Dunlop (NYSE:WD)

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