Citigroup Inc. Buys 14,818 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Citigroup Inc. raised its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 58.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,212 shares of the financial services provider’s stock after acquiring an additional 14,818 shares during the quarter. Citigroup Inc.’s holdings in Walker & Dunlop were worth $4,568,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WD. Victory Capital Management Inc. increased its stake in Walker & Dunlop by 33.1% during 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 purchasing an additional 351,957 shares in the last quarter. Ceredex Value Advisors LLC purchased a new stake in shares of Walker & Dunlop during the third quarter valued at approximately $8,156,000. GPM Growth Investors Inc. bought a new stake in shares of Walker & Dunlop during the second quarter valued at approximately $4,595,000. Moody Aldrich Partners LLC raised its holdings in Walker & Dunlop by 92.2% in the 3rd quarter. Moody Aldrich Partners LLC now owns 67,122 shares of the financial services provider’s stock worth $7,624,000 after acquiring an additional 32,207 shares during the last quarter. Finally, American Century Companies Inc. lifted its position 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 acquiring an additional 32,192 shares in the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Walker & Dunlop Trading Up 0.0 %

Shares of NYSE:WD opened at $110.20 on Tuesday. The stock has a 50 day moving average of $110.93 and a 200 day moving average of $104.51. The company has a market cap of $3.72 billion, a PE ratio of 39.36 and a beta of 1.55. Walker & Dunlop, Inc. has a 12-month low of $87.20 and a 12-month high of $118.19.

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

Walker & Dunlop Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.36%. The ex-dividend date is Friday, November 22nd. Walker & Dunlop’s payout ratio is currently 92.86%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wolfe Research raised Walker & Dunlop to a “strong-buy” rating in a research report on Tuesday, September 24th. Wedbush boosted their price objective 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. Finally, StockNews.com upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th.

Walker & Dunlop 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.