Victory Capital Management Inc. Raises Stock Position in Walker & Dunlop, Inc. (NYSE:WD)

Victory Capital Management Inc. grew its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 33.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,415,479 shares of the financial services provider’s stock after buying an additional 351,957 shares during the period. Victory Capital Management Inc.’s holdings in Walker & Dunlop were worth $160,784,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in WD. National Bank of Canada FI grew its stake 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 worth $26,000 after buying an additional 185 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Walker & Dunlop by 1,295.8% during the 3rd quarter. Blue Trust Inc. now owns 335 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 311 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Walker & Dunlop by 44.5% during the 2nd 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 period. EntryPoint Capital LLC purchased a new position in shares of Walker & Dunlop during the 1st quarter worth about $57,000. Finally, GAMMA Investing LLC boosted its stake in shares of Walker & Dunlop by 64.7% during the 3rd quarter. GAMMA Investing LLC now owns 654 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 257 shares during the period. 80.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Walker & Dunlop Price Performance

Shares of WD opened at $110.20 on Wednesday. Walker & Dunlop, Inc. has a 1-year low of $69.62 and a 1-year high of $118.19. The company has a 50-day moving average of $110.35 and a 200 day moving average of $103.22. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 39.36 and a beta of 1.55.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.19 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.10). Walker & Dunlop had a net margin of 8.91% and a return on equity of 9.81%. The business had revenue of $292.30 million during the quarter, compared to the consensus estimate of $294.24 million. During the same quarter in the prior year, the firm posted $1.11 EPS. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts anticipate that Walker & Dunlop, Inc. will post 5.32 earnings per share for the current fiscal year.

Walker & Dunlop Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Friday, November 22nd. Walker & Dunlop’s payout ratio is currently 92.86%.

Insider Transactions at Walker & Dunlop

In other news, COO Stephen P. Theobald sold 13,870 shares of Walker & Dunlop stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $106.10, for a total value of $1,471,607.00. Following the transaction, the chief operating officer now owns 53,869 shares of the company’s stock, valued at $5,715,500.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.26% 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.