Crewe Advisors LLC Makes New $141,000 Investment in Walker & Dunlop, Inc. (NYSE:WD)

Crewe Advisors LLC acquired a new stake in Walker & Dunlop, Inc. (NYSE:WD) in the first quarter, Holdings Channel.com reports. The fund acquired 1,400 shares of the financial services provider’s stock, valued at approximately $141,000.

A number of other institutional investors have also modified their holdings of WD. Norges Bank acquired a new position in Walker & Dunlop during the 4th quarter worth $40,059,000. Victory Capital Management Inc. increased its position in Walker & Dunlop by 65.9% during the 4th quarter. Victory Capital Management Inc. now owns 658,857 shares of the financial services provider’s stock worth $73,140,000 after purchasing an additional 261,708 shares during the period. Allspring Global Investments Holdings LLC increased its position in Walker & Dunlop by 7,867.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 73,461 shares of the financial services provider’s stock worth $8,155,000 after purchasing an additional 72,539 shares during the period. Great Lakes Advisors LLC acquired a new position in Walker & Dunlop during the 4th quarter worth approximately $5,016,000. Finally, Dimensional Fund Advisors LP increased its position in Walker & Dunlop by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,293,014 shares of the financial services provider’s stock worth $143,542,000 after purchasing an additional 39,035 shares during the period. 80.97% of the stock is owned by institutional investors and hedge funds.

Walker & Dunlop Trading Up 2.9 %

Shares of Walker & Dunlop stock traded up $3.00 during trading hours on Thursday, reaching $107.04. 449,792 shares of the company’s stock were exchanged, compared to its average volume of 212,045. Walker & Dunlop, Inc. has a 52-week low of $62.51 and a 52-week high of $113.67. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 39.07 and a beta of 1.55. The company has a fifty day moving average of $97.54 and a 200-day moving average of $96.16.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.36. Walker & Dunlop had a return on equity of 9.16% and a net margin of 8.87%. The company had revenue of $228.10 million for the quarter, compared to analyst estimates of $251.82 million. During the same quarter in the prior year, the company posted $1.17 EPS. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Walker & Dunlop, Inc. will post 5.35 earnings per share for the current fiscal year.

Walker & Dunlop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Thursday, May 16th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Wednesday, May 15th. Walker & Dunlop’s dividend payout ratio is presently 94.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WD shares. Wedbush restated a “neutral” rating and issued a $95.00 price target on shares of Walker & Dunlop in a report on Friday, May 3rd. Keefe, Bruyette & Woods upped their target price on Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a research note on Thursday.

Insiders Place Their Bets

In other Walker & Dunlop news, EVP Paula A. Pryor sold 4,533 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $97.33, for a total transaction of $441,196.89. Following the transaction, the executive vice president now owns 9,227 shares of the company’s stock, valued at approximately $898,063.91. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.47% 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.