Geode Capital Management LLC Has $82.88 Million Holdings in Walker & Dunlop, Inc. (NYSE:WD)

Geode Capital Management LLC reduced its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 729,522 shares of the financial services provider’s stock after selling 11,774 shares during the period. Geode Capital Management LLC owned 2.16% of Walker & Dunlop worth $82,883,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WD. National Bank of Canada FI grew its holdings in shares of 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 buying an additional 185 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Walker & Dunlop by 1,295.8% in the 3rd quarter. Blue Trust Inc. now owns 335 shares of the financial services provider’s stock worth $38,000 after buying an additional 311 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Walker & Dunlop by 44.5% in the 2nd 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 during the period. GAMMA Investing LLC grew its position in Walker & Dunlop by 64.7% during the third quarter. GAMMA Investing LLC now owns 654 shares of the financial services provider’s stock valued at $74,000 after buying an additional 257 shares during the period. Finally, Asset Dedication LLC bought a new position in shares of Walker & Dunlop during the 2nd quarter valued at approximately $94,000. 80.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wedbush lifted their price objective on Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Wolfe Research raised shares of Walker & Dunlop to a “strong-buy” rating in a research report on Tuesday, September 24th.

Walker & Dunlop Stock Performance

Shares of NYSE WD opened at $96.32 on Friday. Walker & Dunlop, Inc. has a fifty-two week low of $87.20 and a fifty-two week high of $118.19. The stock has a market cap of $3.25 billion, a PE ratio of 34.40 and a beta of 1.53. The stock has a fifty day moving average of $109.43 and a 200-day moving average of $105.24.

Walker & Dunlop (NYSE:WD) last posted its earnings results on Thursday, November 7th. The financial services provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.10). Walker & Dunlop had a net margin of 8.91% and a return on equity of 9.81%. The company had revenue of $292.30 million for the quarter, compared to analysts’ expectations of $294.24 million. During the same period in the previous year, the firm earned $1.11 EPS. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, sell-side analysts predict that Walker & Dunlop, Inc. will post 5.18 EPS for the current year.

Walker & Dunlop Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.70%. The ex-dividend date was Friday, November 22nd. Walker & Dunlop’s dividend payout ratio is presently 92.86%.

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.