Walker & Dunlop, Inc. (NYSE:WD) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 29.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,649 shares of the financial services provider’s stock after buying an additional 16,481 shares during the period. JPMorgan Chase & Co.’s holdings in Walker & Dunlop were worth $8,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI increased its holdings in Walker & Dunlop by 205.6% in the 2nd quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 185 shares during the last quarter. American Century Companies Inc. increased its holdings in Walker & Dunlop by 10.1% in the 2nd quarter. American Century Companies Inc. now owns 351,022 shares of the financial services provider’s stock valued at $34,470,000 after purchasing an additional 32,192 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Walker & Dunlop by 19.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 37,731 shares of the financial services provider’s stock valued at $3,705,000 after purchasing an additional 6,115 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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 valued at $129,566,000 after purchasing an additional 20,739 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in Walker & Dunlop by 3.7% in the 2nd quarter. Hsbc Holdings PLC now owns 4,851 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 172 shares during the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on WD. Wolfe Research upgraded shares of Walker & Dunlop to a “strong-buy” rating in a report on Tuesday, September 24th. Wedbush lifted their target price on shares of Walker & Dunlop from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th.

Walker & Dunlop Stock Down 0.6 %

Shares of WD stock opened at $86.86 on Tuesday. Walker & Dunlop, Inc. has a 52 week low of $85.63 and a 52 week high of $118.19. The stock has a market capitalization of $2.93 billion, a PE ratio of 31.02 and a beta of 1.55. The firm has a 50 day moving average of $103.65 and a two-hundred day moving average of $105.43.

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

Walker & Dunlop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a dividend of $0.65 per share. The ex-dividend date was Friday, November 22nd. This represents a $2.60 annualized dividend and a dividend yield of 2.99%. Walker & Dunlop’s dividend payout ratio (DPR) is currently 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.