US Bancorp DE Purchases 2,306 Shares of Walker & Dunlop, Inc. (NYSE:WD)

US Bancorp DE increased its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 57.2% during the third quarter, HoldingsChannel reports. The fund owned 6,339 shares of the financial services provider’s stock after buying an additional 2,306 shares during the quarter. US Bancorp DE’s holdings in Walker & Dunlop were worth $720,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Castleark Management LLC acquired a new position in Walker & Dunlop in the 1st quarter valued at approximately $4,297,000. UniSuper Management Pty Ltd acquired a new stake in Walker & Dunlop in the first quarter valued at $795,000. SG Americas Securities LLC raised its position in Walker & Dunlop by 144.3% during the 2nd quarter. SG Americas Securities LLC now owns 9,192 shares of the financial services provider’s stock worth $903,000 after purchasing an additional 5,430 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Walker & Dunlop by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,319,434 shares of the financial services provider’s stock worth $129,566,000 after buying an additional 20,739 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Walker & Dunlop in the 1st quarter valued at about $1,444,000. Institutional investors and hedge funds own 80.97% of the company’s stock.

Walker & Dunlop Price Performance

Shares of Walker & Dunlop stock opened at $111.93 on Friday. The stock’s 50-day moving average is $110.27 and its 200 day moving average is $102.96. Walker & Dunlop, Inc. has a one year low of $68.88 and a one year high of $118.19. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 43.22 and a beta of 1.55.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.10). The business had revenue of $292.30 million for the quarter, compared to the consensus estimate of $294.24 million. Walker & Dunlop had a return on equity of 9.65% and a net margin of 8.41%. Walker & Dunlop’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.11 earnings per share. On average, sell-side analysts expect that Walker & Dunlop, Inc. will post 5.32 EPS for the current fiscal year.

Walker & Dunlop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Friday, November 22nd. Walker & Dunlop’s payout ratio is 100.39%.

Insider Buying and Selling at Walker & Dunlop

In other news, COO Stephen P. Theobald sold 13,870 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $106.10, for a total transaction of $1,471,607.00. Following the transaction, the chief operating officer now owns 53,869 shares in the company, valued at approximately $5,715,500.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wolfe Research upgraded Walker & Dunlop to a “strong-buy” rating in a research report on Tuesday, September 24th. Keefe, Bruyette & Woods raised their price target on shares of Walker & Dunlop from $105.00 to $112.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. StockNews.com upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th. Finally, Wedbush increased their price objective on shares of Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th.

Walker & Dunlop 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.