Allspring Global Investments Holdings LLC Has $7.52 Million Stock Holdings in Walker & Dunlop, Inc. (NYSE:WD)

Allspring Global Investments Holdings LLC cut its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 26.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,385 shares of the financial services provider’s stock after selling 27,211 shares during the period. Allspring Global Investments Holdings LLC owned 0.23% of Walker & Dunlop worth $7,523,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of WD. Creative Planning raised its stake in Walker & Dunlop by 42.3% in the third quarter. Creative Planning now owns 16,022 shares of the financial services provider’s stock valued at $1,820,000 after buying an additional 4,764 shares during the period. Blue Trust Inc. raised its stake in Walker & Dunlop by 1,295.8% in the third quarter. Blue Trust Inc. now owns 335 shares of the financial services provider’s stock valued at $38,000 after buying an additional 311 shares during the period. Signaturefd LLC raised its stake in Walker & Dunlop by 10.3% in the third quarter. Signaturefd LLC now owns 1,405 shares of the financial services provider’s stock valued at $160,000 after buying an additional 131 shares during the period. International Assets Investment Management LLC raised its stake 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 buying an additional 13,511 shares during the period. Finally, Moody Aldrich Partners LLC raised its stake in Walker & Dunlop by 92.2% in the third quarter. Moody Aldrich Partners LLC now owns 67,122 shares of the financial services provider’s stock valued at $7,624,000 after buying an additional 32,207 shares during the period. 80.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered their target price on Walker & Dunlop from $120.00 to $105.00 and set a “market perform” rating on the stock in a research note on Friday, February 14th.

Walker & Dunlop Stock Performance

Shares of WD stock opened at $84.12 on Thursday. The stock’s fifty day moving average price is $95.44 and its two-hundred day moving average price is $103.87. The company has a market cap of $2.84 billion, a PE ratio of 26.37 and a beta of 1.55. Walker & Dunlop, Inc. has a fifty-two week low of $83.17 and a fifty-two week high of $118.19.

Walker & Dunlop (NYSE:WD) last issued its earnings results on Thursday, February 13th. The financial services provider reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.18). The business had revenue of $341.45 million during the quarter, compared to analyst estimates of $316.82 million. Walker & Dunlop had a net margin of 9.55% and a return on equity of 9.64%. On average, equities analysts predict that Walker & Dunlop, Inc. will post 4.76 EPS for the current fiscal year.

Walker & Dunlop Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Walker & Dunlop’s previous quarterly dividend of $0.65. This represents a $2.68 annualized dividend and a yield of 3.19%. Walker & Dunlop’s payout ratio is presently 81.50%.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.