7,795 Shares in Walker & Dunlop, Inc. (NYSE:WD) Bought by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC bought a new position in shares of Walker & Dunlop, Inc. (NYSE:WD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,795 shares of the financial services provider’s stock, valued at approximately $885,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of Montreal Can boosted its position in shares of Walker & Dunlop by 2.6% during the second quarter. Bank of Montreal Can now owns 4,398 shares of the financial services provider’s stock worth $432,000 after acquiring an additional 110 shares during the last quarter. Signaturefd LLC raised its stake in Walker & Dunlop by 10.3% during the third quarter. Signaturefd LLC now owns 1,405 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 131 shares in the last quarter. Hsbc Holdings PLC raised its stake in Walker & Dunlop by 3.7% during the second quarter. Hsbc Holdings PLC now owns 4,851 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 172 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in 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 valued at $56,000 after purchasing an additional 177 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in 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 in the last quarter. Institutional investors own 80.97% of the company’s stock.

Insider Activity at Walker & Dunlop

In other Walker & Dunlop news, COO Stephen P. Theobald sold 13,870 shares of Walker & Dunlop stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $106.10, for a total transaction of $1,471,607.00. Following the sale, 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 document filed with the SEC, which is available through this hyperlink. 5.47% of the stock is owned by corporate insiders.

Walker & Dunlop Stock Down 0.9 %

Shares of Walker & Dunlop stock opened at $110.20 on Wednesday. The firm has a market capitalization of $3.72 billion, a P/E ratio of 39.49 and a beta of 1.55. The company has a 50 day moving average price of $110.35 and a 200 day moving average price of $103.22. Walker & Dunlop, Inc. has a 52 week low of $69.62 and a 52 week high of $118.19.

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

Walker & Dunlop Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WD. Wedbush upped their price target on shares of Walker & Dunlop from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. StockNews.com upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Keefe, Bruyette & Woods increased their target price on shares of Walker & Dunlop from $105.00 to $112.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, Wolfe Research upgraded shares of Walker & Dunlop to a “strong-buy” rating in a report on Tuesday, September 24th.

Walker & Dunlop Company 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.