Walker & Dunlop, Inc. (NYSE:WD) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 49.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,624 shares of the financial services provider’s stock after selling 4,568 shares during the period. SG Americas Securities LLC’s holdings in Walker & Dunlop were worth $525,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WD. National Bank of Canada FI raised its position in shares of Walker & Dunlop by 205.6% in the 2nd quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 185 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Walker & Dunlop in the first quarter worth $34,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Walker & Dunlop by 163.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 398 shares of the financial services provider’s stock worth $40,000 after buying an additional 247 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Walker & Dunlop during the first quarter valued at $57,000. Finally, Asset Dedication LLC acquired a new position in shares of Walker & Dunlop in the 2nd quarter valued at $94,000. 80.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on WD shares. StockNews.com raised Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th. Wolfe Research raised Walker & Dunlop to a “strong-buy” rating in a report on Tuesday, September 24th. Keefe, Bruyette & Woods increased their price target on shares of Walker & Dunlop from $105.00 to $112.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, Wedbush lifted their price objective on shares of Walker & Dunlop from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th.

Walker & Dunlop Stock Performance

NYSE WD opened at $113.89 on Wednesday. Walker & Dunlop, Inc. has a fifty-two week low of $62.51 and a fifty-two week high of $116.26. The firm has a market capitalization of $3.84 billion, a P/E ratio of 41.57 and a beta of 1.55. The stock has a 50-day simple moving average of $107.36 and a two-hundred day simple moving average of $100.76.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. Walker & Dunlop had a return on equity of 9.65% and a net margin of 8.41%. The company had revenue of $270.70 million during the quarter, compared to analysts’ expectations of $274.50 million. During the same quarter in the prior year, the firm posted $0.98 EPS. Walker & Dunlop’s quarterly revenue was down .7% compared to the same quarter last year. As a group, analysts forecast that Walker & Dunlop, Inc. will post 5.32 earnings per share for the current year.

Walker & Dunlop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Thursday, August 22nd. Walker & Dunlop’s payout ratio is presently 94.89%.

Insider Activity

In other Walker & Dunlop news, COO Stephen P. Theobald sold 13,870 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $106.10, for a total transaction of $1,471,607.00. Following the completion of the transaction, the chief operating officer now owns 53,869 shares of the company’s stock, valued at $5,715,500.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.47% of the company’s stock.

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.