Bank of New York Mellon Corp reduced its stake in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 4.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 332,822 shares of the financial services provider's stock after selling 15,634 shares during the period. Bank of New York Mellon Corp owned 0.98% of Walker & Dunlop worth $28,410,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. acquired a new position in Walker & Dunlop in the 1st quarter valued at $27,000. Sterling Capital Management LLC raised its holdings in Walker & Dunlop by 456.4% in the 4th quarter. Sterling Capital Management LLC now owns 306 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 251 shares during the last quarter. Versant Capital Management Inc raised its holdings in Walker & Dunlop by 90.5% in the 1st quarter. Versant Capital Management Inc now owns 383 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 182 shares during the last quarter. Parallel Advisors LLC raised its holdings in Walker & Dunlop by 122.0% in the 1st quarter. Parallel Advisors LLC now owns 444 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 244 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Walker & Dunlop by 26.1% in the 1st quarter. GAMMA Investing LLC now owns 764 shares of the financial services provider's stock valued at $65,000 after acquiring an additional 158 shares during the last quarter. 80.97% of the stock is currently owned by institutional investors and hedge funds.
Walker & Dunlop Stock Performance
Walker & Dunlop stock traded down $1.62 during trading on Friday, reaching $72.10. 267,662 shares of the company's stock were exchanged, compared to its average volume of 211,282. The company's 50-day moving average is $70.78 and its two-hundred day moving average is $80.29. Walker & Dunlop, Inc. has a 52-week low of $64.48 and a 52-week high of $118.19. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 24.69 and a beta of 1.54.
Walker & Dunlop (NYSE:WD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.98 by ($0.13). Walker & Dunlop had a return on equity of 8.99% and a net margin of 8.68%. The business had revenue of $237.37 million for the quarter, compared to analysts' expectations of $260.43 million. During the same period last year, the company posted $0.35 earnings per share. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. Analysts anticipate that Walker & Dunlop, Inc. will post 4.97 EPS for the current year.
Walker & Dunlop Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.68 dividend on an annualized basis and a yield of 3.72%. Walker & Dunlop's dividend payout ratio (DPR) is 91.78%.
Wall Street Analyst Weigh In
WD has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods dropped their price objective on Walker & Dunlop from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Wall Street Zen downgraded Walker & Dunlop from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th.
Read Our Latest Stock Report on Walker & Dunlop
Walker & Dunlop Company Profile
(
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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