XTX Topco Ltd Purchases New Position in Walker & Dunlop, Inc. (NYSE:WD)

Key Points

• XTX Topco Ltd acquired a new stake in Walker & Dunlop, Inc. worth approximately $1,256,000 by purchasing 14,714 shares during the first quarter.
• Wall Street analysts have mixed opinions, with Wall Street Zen downgrading the stock from a "hold" to a "sell" rating, while Keefe, Bruyette & Woods set an "outperform" rating despite lowering their price target.
• Walker & Dunlop reported earnings of $0.85 per share for the latest quarter, missing the consensus estimate of $0.98, while its revenue showed a year-over-year increase of 4.1% despite falling short of expectations.

XTX Topco Ltd purchased a new position in Walker & Dunlop, Inc. (NYSE:WD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,714 shares of the financial services provider's stock, valued at approximately $1,256,000.

A number of other hedge funds also recently modified their holdings of the stock. Norges Bank bought a new position in shares of Walker & Dunlop in the fourth quarter worth $40,226,000. Sequoia Financial Advisors LLC purchased a new stake in Walker & Dunlop during the first quarter valued at about $22,363,000. Royce & Associates LP boosted its position in Walker & Dunlop by 257.2% during the first quarter. Royce & Associates LP now owns 282,688 shares of the financial services provider's stock valued at $24,130,000 after buying an additional 203,542 shares during the period. Tributary Capital Management LLC purchased a new stake in Walker & Dunlop during the first quarter valued at about $12,111,000. Finally, Granite Investment Partners LLC bought a new position in shares of Walker & Dunlop during the fourth quarter valued at about $13,338,000. Institutional investors own 80.97% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on WD shares. Keefe, Bruyette & Woods lowered their price objective on shares of Walker & Dunlop from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Wall Street Zen downgraded shares of Walker & Dunlop from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th.

Walker & Dunlop Price Performance

WD traded down $0.31 on Tuesday, hitting $75.34. The company had a trading volume of 125,313 shares, compared to its average volume of 238,980. Walker & Dunlop, Inc. has a 52-week low of $64.48 and a 52-week high of $118.19. The stock has a fifty day simple moving average of $71.73 and a 200-day simple moving average of $78.60. The firm has a market capitalization of $2.56 billion, a P/E ratio of 25.80 and a beta of 1.57.

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.