Walker & Dunlop, Inc. (NYSE:WD) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lowered its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,110 shares of the financial services provider’s stock after selling 1,334 shares during the quarter. Corebridge Financial Inc. owned approximately 0.05% of Walker & Dunlop worth $1,663,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. National Bank of Canada FI raised its position in shares of Walker & Dunlop by 42.2% during the 3rd quarter. National Bank of Canada FI now owns 391 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 116 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Walker & Dunlop by 230.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the financial services provider’s stock valued at $72,000 after acquiring an additional 524 shares in the last quarter. KBC Group NV boosted its stake in shares of Walker & Dunlop by 33.6% in the fourth quarter. KBC Group NV now owns 1,607 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 404 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Walker & Dunlop during the fourth quarter worth approximately $178,000. Finally, Crewe Advisors LLC raised its stake in Walker & Dunlop by 42.9% in the 4th quarter. Crewe Advisors LLC now owns 2,000 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 600 shares during the last quarter. 80.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised shares of Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a research note on Thursday, March 6th.

Walker & Dunlop Price Performance

Shares of Walker & Dunlop stock opened at $85.28 on Thursday. The stock’s 50 day simple moving average is $88.29 and its 200-day simple moving average is $99.82. The stock has a market cap of $2.90 billion, a P/E ratio of 26.73 and a beta of 1.63. Walker & Dunlop, Inc. has a 1-year low of $81.07 and a 1-year high of $118.19.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings data 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). Walker & Dunlop had a return on equity of 9.64% and a net margin of 9.55%. The company had revenue of $341.45 million for the quarter, compared to analyst estimates of $316.82 million. As a group, research analysts expect that Walker & Dunlop, Inc. will post 4.97 EPS for the current fiscal year.

Walker & Dunlop Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.67 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.14%. This is a positive change from Walker & Dunlop’s previous quarterly dividend of $0.65. Walker & Dunlop’s dividend payout ratio is currently 84.01%.

Insider Buying and Selling

In other Walker & Dunlop news, CEO William M. Walker bought 17,500 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $86.21 per share, with a total value of $1,508,675.00. Following the completion of the purchase, the chief executive officer now directly owns 411,271 shares in the company, valued at $35,455,672.91. The trade was a 4.44 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.66% of the stock is owned by company insiders.

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.