Bank of New York Mellon Corp Has $37.06 Million Stock Position in Walker & Dunlop, Inc. (NYSE:WD)

Bank of New York Mellon Corp boosted its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 377,417 shares of the financial services provider’s stock after purchasing an additional 2,815 shares during the quarter. Bank of New York Mellon Corp owned about 1.12% of Walker & Dunlop worth $37,062,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in Walker & Dunlop during the 4th quarter worth approximately $29,000. Fidelis Capital Partners LLC acquired a new position in shares of Walker & Dunlop during the first quarter worth approximately $34,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of 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 acquired a new stake in Walker & Dunlop in the 1st quarter valued at $57,000. Finally, LRI Investments LLC bought a new stake in Walker & Dunlop during the 1st quarter valued at $98,000. 80.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WD has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price objective on shares of Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Wedbush raised their target price on Walker & Dunlop from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Finally, StockNews.com upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th.

Insider Buying and Selling at Walker & Dunlop

In related news, COO Stephen P. Theobald sold 13,870 shares of the company’s stock in a transaction that occurred on 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 owns 53,869 shares in the company, valued at $5,715,500.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.47% of the company’s stock.

Walker & Dunlop Stock Up 0.8 %

Walker & Dunlop stock opened at $107.06 on Tuesday. Walker & Dunlop, Inc. has a 52 week low of $62.51 and a 52 week high of $113.67. The company’s 50 day moving average price is $102.05 and its two-hundred day moving average price is $97.45. The stock has a market cap of $3.61 billion, a P/E ratio of 39.07 and a beta of 1.55.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. Walker & Dunlop had a return on equity of 9.65% and a net margin of 8.41%. The business had revenue of $270.70 million for the quarter, compared to analysts’ expectations of $274.50 million. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The business’s revenue was down .7% on a year-over-year basis. On average, equities analysts anticipate that Walker & Dunlop, Inc. will post 5.27 EPS for the current year.

Walker & Dunlop Announces Dividend

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