Walker & Dunlop, Inc. (NYSE:WD) Stock Position Lifted by Hsbc Holdings PLC

Hsbc Holdings PLC raised its stake in Walker & Dunlop, Inc. (NYSE:WD) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,851 shares of the financial services provider’s stock after buying an additional 172 shares during the quarter. Hsbc Holdings PLC’s holdings in Walker & Dunlop were worth $473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WD. Vanguard Group Inc. raised its stake in shares of Walker & Dunlop by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 3,761,433 shares of the financial services provider’s stock worth $417,557,000 after purchasing an additional 10,743 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Walker & Dunlop by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,319,434 shares of the financial services provider’s stock worth $129,566,000 after buying an additional 20,739 shares during the last quarter. Victory Capital Management Inc. raised its position in Walker & Dunlop by 13.8% during the second quarter. Victory Capital Management Inc. now owns 1,063,522 shares of the financial services provider’s stock valued at $104,438,000 after acquiring an additional 129,289 shares in the last quarter. Impactive Capital LP lifted its stake in Walker & Dunlop by 242.0% in the first quarter. Impactive Capital LP now owns 1,034,093 shares of the financial services provider’s stock valued at $104,505,000 after acquiring an additional 731,714 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake 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 valued at $37,062,000 after acquiring an additional 2,815 shares during the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Insider Transactions at Walker & Dunlop

In related news, COO Stephen P. Theobald sold 13,870 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $106.10, for a total transaction of $1,471,607.00. Following the completion of the transaction, the chief operating officer now directly owns 53,869 shares in the company, valued at approximately $5,715,500.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 5.47% of the company’s stock.

Analyst Upgrades and Downgrades

WD has been the topic of a number of recent research reports. Wedbush raised their price target 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. Wolfe Research upgraded Walker & Dunlop to a “strong-buy” rating in a report on Tuesday, September 24th. StockNews.com upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Keefe, Bruyette & Woods increased their price objective on Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a report on Thursday, July 25th.

Walker & Dunlop Trading Down 2.4 %

NYSE WD opened at $110.82 on Wednesday. Walker & Dunlop, Inc. has a 1 year low of $62.51 and a 1 year high of $116.26. The company has a fifty day simple moving average of $106.10 and a 200 day simple moving average of $99.66. The company has a market cap of $3.74 billion, a P/E ratio of 40.45 and a beta of 1.55.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $270.70 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $0.98 earnings per share. Equities research analysts forecast that Walker & Dunlop, Inc. will post 5.32 EPS for the current fiscal year.

Walker & Dunlop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.35%. The ex-dividend date was Thursday, August 22nd. Walker & Dunlop’s dividend payout ratio is currently 94.89%.

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.