Allspring Global Investments Holdings LLC Raises Stock Position in Walker & Dunlop, Inc. (NYSE:WD)

Allspring Global Investments Holdings LLC increased its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,980 shares of the financial services provider’s stock after acquiring an additional 7,443 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Walker & Dunlop were worth $8,050,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WD. GAMMA Investing LLC purchased a new stake in Walker & Dunlop in the fourth quarter valued at about $29,000. Fidelis Capital Partners LLC purchased a new position in shares of Walker & Dunlop in the 1st quarter valued at approximately $34,000. Benjamin F. Edwards & Company Inc. boosted its stake in Walker & Dunlop by 163.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 398 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Walker & Dunlop during the 1st quarter worth approximately $57,000. Finally, LRI Investments LLC purchased a new stake in Walker & Dunlop during the 1st quarter worth approximately $98,000. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Insider Activity

In related news, COO Stephen P. Theobald sold 13,870 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $106.10, for a total transaction of $1,471,607.00. Following the sale, the chief operating officer now directly owns 53,869 shares of the company’s stock, valued at $5,715,500.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on WD shares. StockNews.com upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Keefe, Bruyette & Woods raised their target price 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. Finally, Wedbush boosted their price target on Walker & Dunlop from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 9th.

Walker & Dunlop Trading Up 0.8 %

WD opened at $107.06 on Friday. Walker & Dunlop, Inc. has a 12-month low of $62.51 and a 12-month high of $113.67. The firm has a 50 day moving average of $102.05 and a two-hundred day moving average of $97.40. The firm has a market capitalization of $3.61 billion, a PE ratio of 39.07 and a beta of 1.55.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings data 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 for 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 quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. As a group, analysts predict that Walker & Dunlop, Inc. will post 5.27 EPS for the current fiscal year.

Walker & Dunlop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.43%. Walker & Dunlop’s payout ratio is currently 94.89%.

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.