Mutual of America Capital Management LLC Cuts Position in Walker & Dunlop, Inc. (NYSE:WD)

Mutual of America Capital Management LLC reduced its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 13.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,823 shares of the financial services provider’s stock after selling 720 shares during the period. Mutual of America Capital Management LLC’s holdings in Walker & Dunlop were worth $548,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Victory Capital Management Inc. lifted its holdings in shares of Walker & Dunlop by 33.1% during the 3rd quarter. Victory Capital Management Inc. now owns 1,415,479 shares of the financial services provider’s stock valued at $160,784,000 after acquiring an additional 351,957 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Walker & Dunlop by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,319,434 shares of the financial services provider’s stock worth $129,566,000 after buying an additional 20,739 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Walker & Dunlop by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 377,417 shares of the financial services provider’s stock worth $37,062,000 after buying an additional 2,815 shares during the period. American Century Companies Inc. grew its stake in shares of Walker & Dunlop by 10.1% in the second quarter. American Century Companies Inc. now owns 351,022 shares of the financial services provider’s stock valued at $34,470,000 after buying an additional 32,192 shares in the last quarter. Finally, Kathmere Capital Management LLC raised its holdings in shares of Walker & Dunlop by 11.0% during the 2nd quarter. Kathmere Capital Management LLC now owns 161,659 shares of the financial services provider’s stock valued at $15,875,000 after buying an additional 16,008 shares during the period. Institutional investors and hedge funds own 80.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WD. Wedbush upped their price target on Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. StockNews.com upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Wolfe Research raised shares of Walker & Dunlop to a “strong-buy” rating in a research note on Tuesday, September 24th.

Walker & Dunlop Stock Performance

Shares of WD opened at $110.56 on Wednesday. Walker & Dunlop, Inc. has a one year low of $81.24 and a one year high of $118.19. The stock has a 50-day moving average price of $110.96 and a 200 day moving average price of $104.24. The company has a market capitalization of $3.73 billion, a P/E ratio of 39.49 and a beta of 1.55.

Walker & Dunlop (NYSE:WD) last released its 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). The business had revenue of $292.30 million for the quarter, compared to analysts’ expectations of $294.24 million. Walker & Dunlop had a net margin of 8.91% and a return on equity of 9.81%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 earnings per share. As a group, equities research analysts forecast that Walker & Dunlop, Inc. will post 5.18 earnings per share for the current fiscal year.

Walker & Dunlop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Friday, November 22nd. Walker & Dunlop’s dividend payout ratio is currently 92.86%.

About Walker & Dunlop

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.