Walker & Dunlop, Inc. (NYSE:WD) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its position in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 40.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,980 shares of the financial services provider's stock after buying an additional 4,852 shares during the quarter. Wells Fargo & Company MN owned about 0.05% of Walker & Dunlop worth $1,651,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Walker & Dunlop by 29.3% during the third quarter. JPMorgan Chase & Co. now owns 72,649 shares of the financial services provider's stock valued at $8,252,000 after purchasing an additional 16,481 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Walker & Dunlop by 230.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the financial services provider's stock valued at $72,000 after purchasing an additional 524 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Walker & Dunlop during the 4th quarter valued at approximately $687,000. O Shaughnessy Asset Management LLC lifted its stake in Walker & Dunlop by 8.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,766 shares of the financial services provider's stock valued at $561,000 after purchasing an additional 452 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Walker & Dunlop by 380.1% during the third quarter. Barclays PLC now owns 56,520 shares of the financial services provider's stock worth $6,420,000 after buying an additional 44,748 shares in the last quarter. 80.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Walker & Dunlop news, CEO William M. Walker purchased 17,500 shares of Walker & Dunlop stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $86.21 per share, with a total value of $1,508,675.00. Following the acquisition, the chief executive officer now owns 411,271 shares of the company's stock, valued at $35,455,672.91. This trade represents a 4.44 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.66% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods dropped their target price on shares of Walker & Dunlop from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th.

Walker & Dunlop Stock Down 0.5 %

Shares of NYSE:WD traded down $0.42 during trading on Thursday, hitting $76.13. The stock had a trading volume of 97,592 shares, compared to its average volume of 192,302. The firm's fifty day moving average is $81.06 and its 200 day moving average is $94.56. The company has a market capitalization of $2.59 billion, a PE ratio of 23.87 and a beta of 1.42. Walker & Dunlop, Inc. has a 12 month low of $69.59 and a 12 month high of $118.19.

Walker & Dunlop (NYSE:WD - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.52 by ($0.18). Walker & Dunlop had a net margin of 9.55% and a return on equity of 9.64%. The company had revenue of $341.45 million during the quarter, compared to analysts' expectations of $316.82 million. Equities research analysts expect that Walker & Dunlop, Inc. will post 4.97 EPS for the current fiscal year.

Walker & Dunlop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.67 per share. The ex-dividend date was Friday, February 28th. This represents a $2.68 annualized dividend and a dividend yield of 3.52%. This is an increase from Walker & Dunlop's previous quarterly dividend of $0.65. Walker & Dunlop's dividend payout ratio is 84.01%.

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.