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

Citigroup Inc. lifted its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 58.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 40,212 shares of the financial services provider’s stock after purchasing an additional 14,818 shares during the quarter. Citigroup Inc. owned about 0.12% of Walker & Dunlop worth $4,568,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. SG Americas Securities LLC boosted its position in Walker & Dunlop by 144.3% during the 2nd quarter. SG Americas Securities LLC now owns 9,192 shares of the financial services provider’s stock worth $903,000 after acquiring an additional 5,430 shares during the last quarter. Quest Partners LLC lifted its position in shares of Walker & Dunlop by 2,259,700.0% in the third quarter. Quest Partners LLC now owns 22,598 shares of the financial services provider’s stock worth $2,567,000 after purchasing an additional 22,597 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Walker & Dunlop by 1.6% during 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 purchasing an additional 20,739 shares during the last quarter. International Assets Investment Management LLC grew its position in Walker & Dunlop by 11,259.2% in the third quarter. International Assets Investment Management LLC now owns 13,631 shares of the financial services provider’s stock valued at $1,548,000 after purchasing an additional 13,511 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Walker & Dunlop by 13.8% in the 2nd quarter. Victory Capital Management Inc. now owns 1,063,522 shares of the financial services provider’s stock valued at $104,438,000 after buying an additional 129,289 shares during the last quarter. 80.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Walker & Dunlop Stock Up 0.0 %

WD stock opened at $110.20 on Tuesday. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 39.36 and a beta of 1.55. The company’s fifty day simple moving average is $110.93 and its 200 day simple moving average is $104.51. Walker & Dunlop, Inc. has a 12-month low of $87.20 and a 12-month 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 the consensus estimate of $1.29 by ($0.10). The company had revenue of $292.30 million for the quarter, compared to the consensus estimate of $294.24 million. Walker & Dunlop had a return on equity of 9.81% and a net margin of 8.91%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.11 earnings per share. Research analysts expect that Walker & Dunlop, Inc. will post 5.18 earnings per share for the current year.

Walker & Dunlop Announces Dividend

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. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.60 annualized dividend and a yield of 2.36%. Walker & Dunlop’s dividend payout ratio (DPR) is 92.86%.

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.