Walker & Dunlop, Inc. (WD) Holdings Boosted by Legal & General Group Plc

Legal & General Group Plc boosted its position in Walker & Dunlop, Inc. (NYSE:WD) by 10.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,784 shares of the financial services provider’s stock after buying an additional 4,915 shares during the quarter. Legal & General Group Plc owned 0.16% of Walker & Dunlop worth $2,481,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Alps Advisors Inc. lifted its holdings in Walker & Dunlop by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 11,679 shares of the financial services provider’s stock worth $570,000 after buying an additional 30 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Walker & Dunlop by 0.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,056 shares of the financial services provider’s stock worth $711,000 after buying an additional 46 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in Walker & Dunlop by 1.5% in the 2nd quarter. LS Investment Advisors LLC now owns 3,165 shares of the financial services provider’s stock worth $155,000 after buying an additional 47 shares in the last quarter. Arizona State Retirement System lifted its holdings in Walker & Dunlop by 1.4% in the 1st quarter. Arizona State Retirement System now owns 14,469 shares of the financial services provider’s stock worth $603,000 after buying an additional 200 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in Walker & Dunlop by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the financial services provider’s stock worth $562,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 77.25% of the company’s stock.

In related news, Director Dana L. Schmaltz purchased 2,000 shares of Walker & Dunlop stock in a transaction on Wednesday, August 9th. The stock was purchased at an average cost of $47.85 per share, with a total value of $95,700.00. Following the acquisition, the director now directly owns 44,983 shares in the company, valued at $2,152,436.55. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dana L. Schmaltz purchased 1,000 shares of Walker & Dunlop stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $46.05 per share, with a total value of $46,050.00. Following the completion of the acquisition, the director now owns 46,983 shares in the company, valued at $2,163,567.15. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 4,000 shares of company stock valued at $186,850. Insiders own 11.70% of the company’s stock.

WD has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Zacks Investment Research lowered shares of Walker & Dunlop from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Keefe, Bruyette & Woods set a $49.00 target price on shares of Walker & Dunlop and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Finally, JMP Securities upgraded shares of Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $47.00.

Shares of Walker & Dunlop, Inc. (WD) opened at 48.10 on Thursday. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 10.63 and a beta of 1.40. The stock has a 50 day moving average of $47.35 and a 200-day moving average of $46.67. Walker & Dunlop, Inc. has a 52 week low of $23.61 and a 52 week high of $53.43.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. Walker & Dunlop had a net margin of 21.91% and a return on equity of 22.86%. The firm had revenue of $166.40 million during the quarter, compared to the consensus estimate of $167.51 million. During the same period in the prior year, the firm earned $1.05 EPS. The business’s revenue was up 12.5% on a year-over-year basis. Equities research analysts expect that Walker & Dunlop, Inc. will post $4.50 earnings per share for the current year.

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Walker & Dunlop Company Profile

Walker & Dunlop, Inc is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company originates, sells and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.

Institutional Ownership by Quarter for Walker & Dunlop (NYSE:WD)

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