Amalgamated Bank Decreases Holdings in Walker & Dunlop, Inc. (NYSE:WD)

Amalgamated Bank trimmed its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,436 shares of the financial services provider’s stock after selling 800 shares during the quarter. Amalgamated Bank’s holdings in Walker & Dunlop were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of WD. National Bank of Canada FI increased its stake in shares of Walker & Dunlop by 205.6% in the second quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 185 shares in the last quarter. Blue Trust Inc. increased its stake in Walker & Dunlop by 1,295.8% in the 3rd quarter. Blue Trust Inc. now owns 335 shares of the financial services provider’s stock worth $38,000 after buying an additional 311 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Walker & Dunlop by 44.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 575 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 177 shares during the period. EntryPoint Capital LLC bought a new position in shares of Walker & Dunlop in the first quarter worth about $57,000. Finally, GAMMA Investing LLC grew its position in shares of Walker & Dunlop by 64.7% during the third quarter. GAMMA Investing LLC now owns 654 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 257 shares in the last quarter. 80.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Walker & Dunlop Trading Down 1.1 %

WD opened at $109.00 on Thursday. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 39.52 and a beta of 1.55. Walker & Dunlop, Inc. has a 12-month low of $77.21 and a 12-month high of $118.19. The business’s fifty day simple moving average is $110.46 and its 200-day simple moving average is $103.34.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings data on Thursday, November 7th. The financial services provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.10). Walker & Dunlop had a return on equity of 9.81% and a net margin of 8.91%. The business had revenue of $292.30 million during the quarter, compared to the consensus estimate of $294.24 million. During the same period last year, the firm earned $1.11 EPS. The business’s quarterly revenue was up 8.8% on a year-over-year basis. On average, equities research analysts predict that Walker & Dunlop, Inc. will post 5.18 EPS for the current year.

Walker & Dunlop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.60 annualized dividend and a yield of 2.39%. Walker & Dunlop’s dividend payout ratio (DPR) is 92.86%.

Insiders Place Their Bets

In other news, COO Stephen P. Theobald sold 13,870 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $106.10, for a total value of $1,471,607.00. Following the transaction, the chief operating officer now directly owns 53,869 shares of the company’s stock, 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 the SEC website. Corporate insiders own 5.47% 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.