Walker & Dunlop, Inc. (NYSE:WD) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. trimmed its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 14.4% during the fourth quarter, Holdings Channel reports. The firm owned 279,896 shares of the financial services provider’s stock after selling 46,980 shares during the period. Goldman Sachs Group Inc.’s holdings in Walker & Dunlop were worth $31,071,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in WD. Planned Solutions Inc. acquired a new position in Walker & Dunlop during the 4th quarter valued at about $27,000. GAMMA Investing LLC bought a new position in Walker & Dunlop in the 4th quarter worth approximately $29,000. Strs Ohio grew its holdings in Walker & Dunlop by 114.3% in the 4th quarter. Strs Ohio now owns 1,500 shares of the financial services provider’s stock worth $166,000 after buying an additional 800 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in Walker & Dunlop in the 4th quarter valued at approximately $205,000. Finally, Xponance Inc. bought a new stake in Walker & Dunlop during the 4th quarter valued at $214,000. Institutional investors own 80.97% of the company’s stock.

Walker & Dunlop Stock Performance

Shares of WD stock opened at $95.33 on Friday. Walker & Dunlop, Inc. has a 1 year low of $62.51 and a 1 year high of $113.67. The business’s fifty day moving average is $95.12 and its 200-day moving average is $96.75. The stock has a market cap of $3.21 billion, a PE ratio of 34.79 and a beta of 1.54.

Walker & Dunlop (NYSE:WD) last released its earnings results on Thursday, May 2nd. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.36. Walker & Dunlop had a return on equity of 9.16% and a net margin of 8.87%. The firm had revenue of $228.10 million for the quarter, compared to analyst estimates of $251.82 million. During the same period in the previous year, the company earned $1.17 earnings per share. Walker & Dunlop’s revenue was down 4.4% compared to the same quarter last year. Equities research analysts predict that Walker & Dunlop, Inc. will post 5.35 earnings per share for the current year.

Walker & Dunlop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Thursday, May 16th were issued a $0.65 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.73%. Walker & Dunlop’s payout ratio is currently 94.89%.

Insider Activity at Walker & Dunlop

In other news, EVP Paula A. Pryor sold 4,533 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $97.33, for a total transaction of $441,196.89. Following the completion of the sale, the executive vice president now directly owns 9,227 shares of the company’s stock, valued at approximately $898,063.91. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.47% of the company’s stock.

Wall Street Analysts Forecast Growth

WD has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $105.00 price target on shares of Walker & Dunlop in a report on Tuesday, March 26th. Wedbush reissued a “neutral” rating and set a $95.00 target price on shares of Walker & Dunlop in a research note on Friday, May 3rd. Finally, StockNews.com lowered shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd.

Walker & Dunlop Company Profile

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.