Davidson Kahn Capital Management LLC bought a new stake in Walker & Dunlop, Inc. (NYSE:WD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 27,039 shares of the financial services provider's stock, valued at approximately $2,628,000. Walker & Dunlop makes up approximately 2.4% of Davidson Kahn Capital Management LLC's portfolio, making the stock its 15th biggest holding. Davidson Kahn Capital Management LLC owned 0.08% of Walker & Dunlop at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Walker & Dunlop by 29.3% during the third quarter. JPMorgan Chase & Co. now owns 72,649 shares of the financial services provider's stock worth $8,252,000 after purchasing an additional 16,481 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Walker & Dunlop by 230.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the financial services provider's stock worth $72,000 after buying an additional 524 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Walker & Dunlop in the 4th quarter valued at $687,000. O Shaughnessy Asset Management LLC raised its stake in Walker & Dunlop by 8.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,766 shares of the financial services provider's stock worth $561,000 after acquiring an additional 452 shares in the last quarter. Finally, Barclays PLC lifted its position in Walker & Dunlop by 380.1% in the third quarter. Barclays PLC now owns 56,520 shares of the financial services provider's stock valued at $6,420,000 after acquiring an additional 44,748 shares during the last quarter. Hedge funds and other institutional investors own 80.97% of the company's stock.
Walker & Dunlop Stock Performance
Walker & Dunlop stock traded up $0.27 during mid-day trading on Friday, reaching $74.32. 185,704 shares of the company were exchanged, compared to its average volume of 193,271. The firm's 50-day simple moving average is $80.69 and its two-hundred day simple moving average is $93.88. Walker & Dunlop, Inc. has a twelve month low of $69.59 and a twelve month high of $118.19. The firm has a market cap of $2.52 billion, a PE ratio of 23.30 and a beta of 1.42.
Walker & Dunlop (NYSE:WD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.13). The company had revenue of $237.37 million for the quarter, compared to analyst estimates of $260.43 million. Walker & Dunlop had a return on equity of 9.64% and a net margin of 9.55%. Walker & Dunlop's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 earnings per share. As a group, equities research analysts anticipate that Walker & Dunlop, Inc. will post 4.97 EPS for the current year.
Walker & Dunlop Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.67 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.61%. Walker & Dunlop's dividend payout ratio (DPR) is 84.01%.
Insider Buying and Selling
In other Walker & Dunlop news, CEO William M. Walker acquired 17,500 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $86.21 per share, with a total value of $1,508,675.00. Following the completion of the acquisition, the chief executive officer now directly owns 411,271 shares of the company's stock, valued at approximately $35,455,672.91. The trade was a 4.44 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 3.66% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods decreased their target price on Walker & Dunlop from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th.
Read Our Latest Stock Analysis on Walker & Dunlop
About Walker & Dunlop
(
Free Report)
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.
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