Walker & Dunlop, Inc. (NYSE:WD) Position Trimmed by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its stake in Walker & Dunlop, Inc. (NYSE:WD) by 2.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,467 shares of the financial services provider’s stock after selling 150 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Walker & Dunlop were worth $621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in WD. Castleark Management LLC purchased a new position in Walker & Dunlop in the first quarter valued at about $4,297,000. UniSuper Management Pty Ltd bought a new stake in shares of Walker & Dunlop in the 1st quarter valued at approximately $795,000. SG Americas Securities LLC increased its holdings in Walker & Dunlop by 144.3% in the second quarter. SG Americas Securities LLC now owns 9,192 shares of the financial services provider’s stock worth $903,000 after buying an additional 5,430 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Walker & Dunlop by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,319,434 shares of the financial services provider’s stock valued at $129,566,000 after acquiring an additional 20,739 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Walker & Dunlop in the first quarter valued at approximately $1,444,000. 80.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walker & Dunlop

In other news, COO Stephen P. Theobald sold 13,870 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $106.10, for a total value of $1,471,607.00. Following the sale, the chief operating officer now owns 53,869 shares in the company, valued at approximately $5,715,500.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WD has been the topic of several analyst reports. Wedbush increased their price target on shares of Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Wolfe Research raised shares of Walker & Dunlop to a “strong-buy” rating in a research report on Tuesday, September 24th. Keefe, Bruyette & Woods boosted their price target on Walker & Dunlop from $105.00 to $112.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, StockNews.com upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th.

Walker & Dunlop Trading Down 1.7 %

Shares of Walker & Dunlop stock opened at $110.99 on Friday. The firm has a fifty day simple moving average of $110.18 and a 200-day simple moving average of $102.83. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 42.85 and a beta of 1.55. Walker & Dunlop, Inc. has a 1-year low of $68.88 and a 1-year high of $118.19.

Walker & Dunlop (NYSE:WD) last released its earnings results on Thursday, August 8th. The financial services provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $270.70 million during the quarter, compared to analyst estimates of $274.50 million. Walker & Dunlop had a net margin of 8.41% and a return on equity of 9.65%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. As a group, research analysts predict that Walker & Dunlop, Inc. will post 5.32 earnings per share for the current year.

Walker & Dunlop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 2.34%. Walker & Dunlop’s dividend payout ratio is presently 100.39%.

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.