Envestnet Asset Management Inc. Acquires 46,229 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Envestnet Asset Management Inc. increased its position in Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 111.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,854 shares of the financial services provider's stock after purchasing an additional 46,229 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.26% of Walker & Dunlop worth $7,499,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position 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 buying an additional 158 shares during the period. Versant Capital Management Inc grew its position 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 buying an additional 182 shares during the period. Summit Investment Advisors Inc. grew its position in shares of Walker & Dunlop by 5.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,362 shares of the financial services provider's stock worth $327,000 after buying an additional 187 shares during the period. Xponance Inc. grew its position in shares of Walker & Dunlop by 9.5% during the 4th quarter. Xponance Inc. now owns 2,308 shares of the financial services provider's stock worth $224,000 after buying an additional 201 shares during the period. Finally, Mariner LLC grew its position in shares of Walker & Dunlop by 4.6% during the 4th quarter. Mariner LLC now owns 4,886 shares of the financial services provider's stock worth $475,000 after buying an additional 213 shares during the period. 80.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Walker & Dunlop from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods decreased their price objective 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.

Walker & Dunlop Price Performance

NYSE:WD traded up $0.45 during trading hours on Friday, reaching $76.38. 159,733 shares of the stock were exchanged, compared to its average volume of 298,606. Walker & Dunlop, Inc. has a twelve month low of $64.48 and a twelve month high of $118.19. The firm has a 50 day moving average of $70.88 and a 200 day moving average of $79.35. The stock has a market cap of $2.60 billion, a PE ratio of 26.16 and a beta of 1.54.

Walker & Dunlop (NYSE:WD - Get Free Report) last released 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 firm had revenue of $237.37 million for the quarter, compared to analyst estimates of $260.43 million. During the same period last year, the company earned $0.35 EPS. The company's revenue was up 4.1% compared to the same quarter last year. Equities research analysts anticipate that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current year.

Walker & Dunlop Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Thursday, May 15th. Walker & Dunlop's dividend payout ratio (DPR) is currently 91.78%.

Walker & Dunlop Company Profile

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.