Vanguard Group Inc. Sells 69,936 Shares of Walker & Dunlop, Inc. $WD

Vanguard Group Inc. trimmed its position in Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,702,174 shares of the financial services provider's stock after selling 69,936 shares during the period. Vanguard Group Inc. owned 10.90% of Walker & Dunlop worth $316,018,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. bought a new stake in shares of Walker & Dunlop during the 1st quarter worth $27,000. 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 last quarter. 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 last quarter. 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 last quarter. 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 last quarter. 80.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wedbush reaffirmed a "neutral" rating and set a $90.00 price objective on shares of Walker & Dunlop in a report on Thursday, August 14th. Wall Street Zen raised shares of Walker & Dunlop from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $92.50.

Walker & Dunlop Price Performance

Walker & Dunlop stock traded up $4.6560 during mid-day trading on Friday, hitting $86.8960. The company's stock had a trading volume of 301,101 shares, compared to its average volume of 275,878. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 26.82 and a beta of 1.57. The business has a 50 day moving average price of $75.47 and a 200-day moving average price of $77.53. Walker & Dunlop, Inc. has a 12 month low of $64.48 and a 12 month high of $118.19.

Walker & Dunlop (NYSE:WD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The financial services provider reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.14). The business had revenue of $319.24 million during the quarter, compared to the consensus estimate of $275.84 million. Walker & Dunlop had a return on equity of 8.81% and a net margin of 9.27%.The business's revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 earnings per share. On average, equities research analysts expect that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current fiscal year.

Walker & Dunlop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, August 21st. Walker & Dunlop's dividend payout ratio is 82.72%.

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.