Amalgamated Bank Decreases Position in Walker & Dunlop, Inc. (NYSE:WD)

Amalgamated Bank reduced its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,436 shares of the financial services provider’s stock after selling 800 shares during the period. Amalgamated Bank’s holdings in Walker & Dunlop were worth $1,072,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Bank of Montreal Can increased its stake in Walker & Dunlop by 2.6% during the second quarter. Bank of Montreal Can now owns 4,398 shares of the financial services provider’s stock worth $432,000 after acquiring an additional 110 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Walker & Dunlop by 10.3% during the 3rd quarter. Signaturefd LLC now owns 1,405 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 131 shares during the period. Hsbc Holdings PLC increased its position in shares of Walker & Dunlop by 3.7% during the second quarter. Hsbc Holdings PLC now owns 4,851 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 172 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Walker & Dunlop by 44.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 575 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 177 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in shares of Walker & Dunlop by 205.6% in the second quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock valued at $26,000 after buying an additional 185 shares in the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

Wall Street Analysts Forecast Growth

WD has been the topic of several analyst reports. Wolfe Research upgraded Walker & Dunlop to a “strong-buy” rating in a research note on Tuesday, September 24th. StockNews.com upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th. Keefe, Bruyette & Woods upped their target price on Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Finally, Wedbush increased their price objective on Walker & Dunlop from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th.

Insider Buying and Selling at Walker & Dunlop

In other 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 value of $1,471,607.00. Following the transaction, the chief operating officer now directly owns 53,869 shares in the company, valued at $5,715,500.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.47% of the stock is owned by company insiders.

Walker & Dunlop Stock Down 1.1 %

NYSE WD opened at $109.00 on Thursday. The business’s 50-day moving average price is $110.46 and its 200 day moving average price is $103.34. The firm has a market cap of $3.68 billion, a P/E ratio of 39.52 and a beta of 1.55. Walker & Dunlop, Inc. has a 52-week low of $77.21 and a 52-week high of $118.19.

Walker & Dunlop (NYSE:WD) last issued 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 return on equity of 9.81% and a net margin of 8.91%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the company posted $1.11 earnings per share. As a group, analysts anticipate that Walker & Dunlop, Inc. will post 5.18 earnings per share for the current year.

Walker & Dunlop Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.60 annualized dividend and a dividend yield of 2.39%. Walker & Dunlop’s dividend payout ratio is presently 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.