Comerica Bank increased its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 2.4% during the 4th quarter, HoldingsChannel reports. The fund owned 68,292 shares of the financial services provider’s stock after acquiring an additional 1,596 shares during the period. Comerica Bank’s holdings in Walker & Dunlop were worth $3,278,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of WD. Boston Partners lifted its holdings in Walker & Dunlop by 44.9% during the 4th quarter. Boston Partners now owns 1,527,675 shares of the financial services provider’s stock valued at $72,564,000 after purchasing an additional 473,629 shares during the last quarter. State Street Corp lifted its holdings in Walker & Dunlop by 5.4% during the 2nd quarter. State Street Corp now owns 680,099 shares of the financial services provider’s stock valued at $33,209,000 after purchasing an additional 34,910 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Walker & Dunlop by 23.8% during the 4th quarter. Victory Capital Management Inc. now owns 600,562 shares of the financial services provider’s stock valued at $28,526,000 after purchasing an additional 115,416 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Walker & Dunlop by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 394,596 shares of the financial services provider’s stock valued at $20,649,000 after purchasing an additional 17,963 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Walker & Dunlop by 1.3% during the 3rd quarter. Prudential Financial Inc. now owns 369,256 shares of the financial services provider’s stock valued at $19,323,000 after purchasing an additional 4,820 shares during the last quarter. Institutional investors and hedge funds own 78.61% of the company’s stock.
In other Walker & Dunlop news, EVP Richard M. Lucas sold 22,953 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $46.05, for a total value of $1,056,985.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William M. Walker sold 54,574 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $48.04, for a total transaction of $2,621,734.96. Following the completion of the transaction, the chief executive officer now directly owns 1,377,213 shares of the company’s stock, valued at $66,161,312.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 218,190 shares of company stock valued at $10,519,272. Insiders own 11.70% of the company’s stock.
Walker & Dunlop, Inc. (WD) opened at $51.00 on Monday. Walker & Dunlop, Inc. has a 12 month low of $38.88 and a 12 month high of $56.46. The firm has a market cap of $1,584.32, a PE ratio of 7.79 and a beta of 1.08. The company has a debt-to-equity ratio of 1.35, a current ratio of 5.26 and a quick ratio of 12.88.
Walker & Dunlop (NYSE:WD) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.26. Walker & Dunlop had a net margin of 29.66% and a return on equity of 21.33%. The company had revenue of $207.20 million during the quarter, compared to the consensus estimate of $181.14 million. During the same period in the previous year, the firm posted $1.16 earnings per share. The company’s revenue was up 16.1% on a year-over-year basis. sell-side analysts anticipate that Walker & Dunlop, Inc. will post 4.32 EPS for the current year.
Walker & Dunlop declared that its Board of Directors has authorized a share buyback program on Wednesday, February 7th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Friday, February 23rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Thursday, February 22nd.
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Walker & Dunlop 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.
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