Thrivent Financial for Lutherans Has $4.03 Million Stake in Walker & Dunlop, Inc. (NYSE:WD)

Thrivent Financial for Lutherans cut its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 7.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 35,493 shares of the financial services provider’s stock after selling 2,814 shares during the period. Thrivent Financial for Lutherans’ holdings in Walker & Dunlop were worth $4,032,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WD. Victory Capital Management Inc. increased its position in Walker & Dunlop by 33.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,415,479 shares of the financial services provider’s stock valued at $160,784,000 after buying an additional 351,957 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Walker & Dunlop by 1.6% in 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 purchasing an additional 20,739 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Walker & Dunlop by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 377,417 shares of the financial services provider’s stock worth $37,062,000 after purchasing an additional 2,815 shares during the last quarter. American Century Companies Inc. grew its position in Walker & Dunlop by 10.1% during the second quarter. American Century Companies Inc. now owns 351,022 shares of the financial services provider’s stock valued at $34,470,000 after buying an additional 32,192 shares during the period. Finally, Kathmere Capital Management LLC increased its position in Walker & Dunlop by 11.0% in the second quarter. Kathmere Capital Management LLC now owns 161,659 shares of the financial services provider’s stock worth $15,875,000 after buying an additional 16,008 shares during the last quarter. 80.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WD has been the subject of a number of recent research reports. StockNews.com upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Wedbush boosted their price objective on Walker & Dunlop from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Finally, Wolfe Research upgraded Walker & Dunlop to a “strong-buy” rating in a research note on Tuesday, September 24th.

Walker & Dunlop Stock Up 1.6 %

Shares of NYSE WD opened at $108.49 on Monday. Walker & Dunlop, Inc. has a twelve month low of $81.24 and a twelve month high of $118.19. The firm has a market capitalization of $3.66 billion, a P/E ratio of 38.75 and a beta of 1.55. The stock’s 50-day simple moving average is $110.82 and its two-hundred day simple moving average is $103.99.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported $1.19 earnings per share 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 quarter in the previous year, the firm posted $1.11 earnings per share. The company’s revenue was up 8.8% compared to the same quarter last year. As a group, research analysts anticipate that Walker & Dunlop, Inc. will post 5.18 EPS for the current fiscal year.

Walker & Dunlop Dividend Announcement

The company 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 2.40%. The ex-dividend date of this dividend is Friday, November 22nd. Walker & Dunlop’s dividend payout ratio (DPR) is presently 92.86%.

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.