Allspring Global Investments Holdings LLC Trims Holdings in Walker & Dunlop, Inc. (NYSE:WD)

Allspring Global Investments Holdings LLC reduced its stake in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 53.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,218 shares of the financial services provider's stock after selling 41,167 shares during the period. Allspring Global Investments Holdings LLC owned 0.11% of Walker & Dunlop worth $3,092,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sterling Capital Management LLC lifted its holdings in shares of Walker & Dunlop by 456.4% during the 4th quarter. Sterling Capital Management LLC now owns 306 shares of the financial services provider's stock worth $30,000 after acquiring an additional 251 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Walker & Dunlop by 90.5% during the 1st quarter. Versant Capital Management Inc now owns 383 shares of the financial services provider's stock worth $33,000 after acquiring an additional 182 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Walker & Dunlop by 122.0% during the 1st quarter. Parallel Advisors LLC now owns 444 shares of the financial services provider's stock worth $38,000 after acquiring an additional 244 shares during the period. Smartleaf Asset Management LLC lifted its holdings 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 acquiring an additional 524 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Walker & Dunlop by 26.1% during the 1st quarter. GAMMA Investing LLC now owns 764 shares of the financial services provider's stock worth $65,000 after acquiring an additional 158 shares during the period. 80.97% of the stock is currently owned by hedge funds and other institutional investors.

Walker & Dunlop Stock Performance

NYSE WD opened at $75.36 on Monday. Walker & Dunlop, Inc. has a one year low of $64.48 and a one year high of $118.19. The company's 50 day moving average price is $70.73 and its 200 day moving average price is $81.51. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 25.81 and a beta of 1.54.

Walker & Dunlop (NYSE:WD - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.85 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.13). Walker & Dunlop had a net margin of 8.68% and a return on equity of 8.99%. The business had revenue of $237.37 million during the quarter, compared to analysts' expectations of $260.43 million. During the same quarter in the previous year, the business posted $0.35 EPS. The company's quarterly revenue was up 4.1% on a year-over-year basis. Sell-side analysts forecast that Walker & Dunlop, Inc. will post 4.97 EPS for the current fiscal year.

Walker & Dunlop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.56%. The ex-dividend date was Thursday, May 15th. Walker & Dunlop's dividend payout ratio (DPR) is 91.78%.

Analyst Ratings Changes

WD has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Walker & Dunlop from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods cut their price target on shares of Walker & Dunlop from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th.

About Walker & Dunlop

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.