The Manufacturers Life Insurance Company Purchases 669 Shares of Walker & Dunlop, Inc. (NYSE:WD)

The Manufacturers Life Insurance Company raised its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,881 shares of the financial services provider’s stock after acquiring an additional 669 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of Walker & Dunlop worth $2,145,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. 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 report on Wednesday, September 25th. StockNews.com raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Wolfe Research raised Walker & Dunlop to a “strong-buy” rating in a research note on Tuesday, September 24th.

Walker & Dunlop Stock Performance

Walker & Dunlop stock opened at $108.79 on Monday. The stock has a market cap of $3.67 billion, a PE ratio of 38.85 and a beta of 1.53. The stock has a 50-day moving average of $110.58 and a two-hundred day moving average of $104.75. Walker & Dunlop, Inc. has a one year low of $87.20 and a one year high of $118.19.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.10). The firm had revenue of $292.30 million for the quarter, compared to analyst estimates of $294.24 million. Walker & Dunlop had a return on equity of 9.81% and a net margin of 8.91%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 EPS. As a group, sell-side analysts predict that Walker & Dunlop, Inc. will post 5.18 EPS for the current fiscal year.

Walker & Dunlop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Friday, November 22nd. Walker & Dunlop’s payout ratio 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.