Independent Advisor Alliance Sells 91 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Independent Advisor Alliance reduced its position in Walker & Dunlop, Inc. (NYSE:WD) by 2.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,793 shares of the financial services provider’s stock after selling 91 shares during the period. Independent Advisor Alliance’s holdings in Walker & Dunlop were worth $431,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cerity Partners LLC raised its position in shares of Walker & Dunlop by 79.5% in the 3rd quarter. Cerity Partners LLC now owns 3,957 shares of the financial services provider’s stock valued at $449,000 after purchasing an additional 1,752 shares during the last quarter. Citigroup Inc. increased its stake in Walker & Dunlop by 58.4% during the 3rd quarter. Citigroup Inc. now owns 40,212 shares of the financial services provider’s stock valued at $4,568,000 after purchasing an additional 14,818 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Walker & Dunlop by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 451,207 shares of the financial services provider’s stock worth $51,253,000 after buying an additional 3,099 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Walker & Dunlop by 50.4% during the third quarter. Intech Investment Management LLC now owns 21,034 shares of the financial services provider’s stock worth $2,389,000 after buying an additional 7,050 shares during the period. Finally, Quest Partners LLC grew its holdings in shares of Walker & Dunlop by 2,259,700.0% during the third quarter. Quest Partners LLC now owns 22,598 shares of the financial services provider’s stock valued at $2,567,000 after buying an additional 22,597 shares during the last quarter. 80.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WD has been the subject of several recent research reports. Wedbush lifted their price target on Walker & Dunlop from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Wolfe Research upgraded shares of Walker & Dunlop to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, StockNews.com raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th.

Walker & Dunlop Trading Up 0.2 %

Shares of WD stock opened at $110.82 on Friday. Walker & Dunlop, Inc. has a 12-month low of $81.74 and a 12-month high of $118.19. The business’s 50 day moving average is $111.00 and its two-hundred day moving average is $104.33. The company has a market capitalization of $3.74 billion, a P/E ratio of 39.58 and a beta of 1.55.

Walker & Dunlop (NYSE:WD) last announced its 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 business had revenue of $292.30 million for the quarter, compared to analysts’ expectations of $294.24 million. Walker & Dunlop had a net margin of 8.91% and a return on equity of 9.81%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business earned $1.11 EPS. On average, research analysts predict that Walker & Dunlop, Inc. will post 5.18 earnings per share for the current fiscal year.

Walker & Dunlop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a $0.65 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.60 annualized dividend and a dividend yield of 2.35%. Walker & Dunlop’s dividend payout ratio (DPR) is 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.