Allspring Global Investments Holdings LLC Has $8.16 Million Position in Walker & Dunlop, Inc. (NYSE:WD)

Allspring Global Investments Holdings LLC increased its position in Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 7,867.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,461 shares of the financial services provider's stock after buying an additional 72,539 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.22% of Walker & Dunlop worth $8,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in WD. Victory Capital Management Inc. increased its holdings in Walker & Dunlop by 4,480.2% in the 3rd quarter. Victory Capital Management Inc. now owns 397,149 shares of the financial services provider's stock valued at $29,484,000 after purchasing an additional 388,478 shares in the last quarter. Norges Bank acquired a new stake in Walker & Dunlop in the 4th quarter valued at $22,893,000. Bank of America Corp DE increased its holdings in Walker & Dunlop by 170.3% in the 1st quarter. Bank of America Corp DE now owns 361,198 shares of the financial services provider's stock valued at $27,512,000 after purchasing an additional 227,577 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Walker & Dunlop by 27.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 954,795 shares of the financial services provider's stock valued at $74,933,000 after purchasing an additional 206,042 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Walker & Dunlop by 960.7% during the third quarter. Assenagon Asset Management S.A. now owns 201,387 shares of the financial services provider's stock valued at $14,951,000 after acquiring an additional 182,401 shares in the last quarter. 80.97% of the stock is owned by hedge funds and other institutional investors.

Walker & Dunlop Trading Down 0.9 %

NYSE WD traded down $0.84 during trading hours on Thursday, reaching $90.07. The company's stock had a trading volume of 226,607 shares, compared to its average volume of 233,843. The business has a 50-day simple moving average of $94.46 and a 200 day simple moving average of $89.87. Walker & Dunlop, Inc. has a 52 week low of $61.06 and a 52 week high of $113.67. The stock has a market cap of $3.03 billion, a PE ratio of 28.61 and a beta of 1.53.

Walker & Dunlop (NYSE:WD - Get Free Report) last issued its earnings results on Thursday, February 15th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.38. Walker & Dunlop had a net margin of 10.18% and a return on equity of 9.15%. The firm had revenue of $274.30 million for the quarter, compared to analysts' expectations of $276.76 million. During the same quarter last year, the company posted $1.41 earnings per share. Walker & Dunlop's revenue was down 3.0% on a year-over-year basis. As a group, equities analysts predict that Walker & Dunlop, Inc. will post 4.21 EPS for the current year.

Walker & Dunlop Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Thursday, February 29th. This is a boost from Walker & Dunlop's previous quarterly dividend of $0.63. Walker & Dunlop's payout ratio is 81.76%.

Wall Street Analysts Forecast Growth

WD has been the subject of several recent analyst reports. Wedbush downgraded Walker & Dunlop from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $130.00 to $95.00 in a research note on Thursday, April 11th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $105.00 target price on shares of Walker & Dunlop in a research note on Tuesday, March 26th. Finally, StockNews.com downgraded Walker & Dunlop from a "hold" rating to a "sell" rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $100.00.

Insider Activity

In related news, EVP Paula A. Pryor sold 1,908 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $94.09, for a total transaction of $179,523.72. Following the sale, the executive vice president now owns 3,707 shares of the company's stock, valued at $348,791.63. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Howard W. Smith III sold 20,166 shares of the business's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $93.56, for a total transaction of $1,886,730.96. Following the sale, the director now owns 191,508 shares of the company's stock, valued at $17,917,488.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Paula A. Pryor sold 1,908 shares of Walker & Dunlop stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $94.09, for a total transaction of $179,523.72. Following the completion of the transaction, the executive vice president now owns 3,707 shares in the company, valued at approximately $348,791.63. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,074 shares of company stock valued at $4,328,255. Insiders own 5.26% of the company's stock.

About Walker & Dunlop

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.