Allspring Global Investments Holdings LLC Buys 22,616 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Allspring Global Investments Holdings LLC increased its stake in Walker & Dunlop, Inc. (NYSE:WD) by 27.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,596 shares of the financial services provider’s stock after buying an additional 22,616 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Walker & Dunlop were worth $11,881,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. National Bank of Canada FI boosted its stake in shares of Walker & Dunlop by 205.6% during the 2nd quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 185 shares during the period. Fidelis Capital Partners LLC bought a new stake in Walker & Dunlop in the first quarter worth about $34,000. Blue Trust Inc. boosted its position in shares of Walker & Dunlop by 1,295.8% during the third quarter. Blue Trust Inc. now owns 335 shares of the financial services provider’s stock valued at $38,000 after buying an additional 311 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of Walker & Dunlop by 163.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 398 shares of the financial services provider’s stock valued at $40,000 after buying an additional 247 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Walker & Dunlop in the first quarter worth approximately $57,000. Institutional investors own 80.97% of the company’s stock.

Insider Buying and Selling at Walker & Dunlop

In other Walker & Dunlop news, COO Stephen P. Theobald sold 13,870 shares of the stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 53,869 shares of the company’s stock, valued at approximately $5,715,500.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.47% of the stock is owned by insiders.

Walker & Dunlop Stock Performance

NYSE WD opened at $112.23 on Friday. The company’s 50-day simple moving average is $109.18 and its two-hundred day simple moving average is $101.65. Walker & Dunlop, Inc. has a one year low of $62.51 and a one year high of $116.51. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 43.33 and a beta of 1.55.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $270.70 million during the quarter, compared to the consensus estimate of $274.50 million. Walker & Dunlop had a net margin of 8.41% and a return on equity of 9.65%. Walker & Dunlop’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Equities analysts expect that Walker & Dunlop, Inc. will post 5.32 earnings per share for the current fiscal year.

Walker & Dunlop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Thursday, August 22nd. Walker & Dunlop’s payout ratio is currently 100.39%.

Wall Street Analysts Forecast Growth

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

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.