Meeder Asset Management Inc. decreased its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 41.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 9,401 shares of the financial services provider’s stock after selling 6,788 shares during the period. Meeder Asset Management Inc.’s holdings in Walker & Dunlop were worth $498,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in WD. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Walker & Dunlop by 1,013.2% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,692 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 1,540 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Walker & Dunlop in the 2nd quarter valued at about $129,000. Russell Investments Group Ltd. bought a new stake in shares of Walker & Dunlop in the 3rd quarter valued at about $181,000. Tower Research Capital LLC TRC bought a new stake in shares of Walker & Dunlop in the 2nd quarter valued at about $190,000. Finally, SG Americas Securities LLC raised its holdings in shares of Walker & Dunlop by 81.2% in the 2nd quarter. SG Americas Securities LLC now owns 3,872 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 1,735 shares in the last quarter. Institutional investors own 80.82% of the company’s stock.
Several research analysts recently commented on WD shares. Wedbush reiterated a “hold” rating and set a $58.00 price objective on shares of Walker & Dunlop in a research note on Tuesday, September 25th. ValuEngine lowered shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Compass Point reiterated a “buy” rating and set a $63.00 price objective on shares of Walker & Dunlop in a research note on Wednesday, August 1st. Finally, JMP Securities reduced their price objective on shares of Walker & Dunlop from $65.00 to $60.00 and set a “market outperform” rating for the company in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $61.75.
In other Walker & Dunlop news, President Howard W. Smith III sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $54.28, for a total transaction of $1,357,000.00. Following the sale, the president now owns 606,408 shares of the company’s stock, valued at approximately $32,915,826.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Richard C. Warner sold 22,637 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $54.05, for a total transaction of $1,223,529.85. Following the sale, the executive vice president now directly owns 63,395 shares in the company, valued at approximately $3,426,499.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,281 shares of company stock valued at $4,154,217. 11.70% of the stock is currently owned by company insiders.
NYSE WD opened at $46.69 on Friday. The company has a debt-to-equity ratio of 2.56, a current ratio of 8.48 and a quick ratio of 8.48. The company has a market cap of $1.53 billion, a P/E ratio of 10.04 and a beta of 1.09. Walker & Dunlop, Inc. has a 52 week low of $41.96 and a 52 week high of $61.44.
Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $1.17 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.15). The firm had revenue of $184.70 million for the quarter, compared to the consensus estimate of $203.03 million. Walker & Dunlop had a return on equity of 18.23% and a net margin of 29.89%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 EPS. Research analysts forecast that Walker & Dunlop, Inc. will post 4.95 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Friday, November 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.14%. Walker & Dunlop’s dividend payout ratio (DPR) is presently 21.01%.
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Walker & Dunlop Company Profile
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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