Bank of America Corp DE Sells 38,740 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Bank of America Corp DE decreased its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 7.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 472,863 shares of the financial services provider’s stock after selling 38,740 shares during the period. Bank of America Corp DE owned 1.40% of Walker & Dunlop worth $45,967,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Gallagher Fiduciary Advisors LLC boosted its holdings in shares of Walker & Dunlop by 17.2% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 3,993 shares of the financial services provider’s stock worth $388,000 after buying an additional 586 shares during the period. Davidson Kahn Capital Management LLC bought a new stake in shares of Walker & Dunlop during the 4th quarter worth about $2,628,000. Northern Trust Corp boosted its holdings in shares of Walker & Dunlop by 6.4% during the 4th quarter. Northern Trust Corp now owns 437,665 shares of the financial services provider’s stock worth $42,545,000 after buying an additional 26,461 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of Walker & Dunlop during the 4th quarter worth about $231,000. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in shares of Walker & Dunlop by 0.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,197,571 shares of the financial services provider’s stock worth $116,416,000 after buying an additional 8,683 shares during the period. Institutional investors own 80.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WD shares. Keefe, Bruyette & Woods cut their price objective on shares of Walker & Dunlop from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. StockNews.com downgraded shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Tuesday, May 6th.

Walker & Dunlop Stock Down 2.2%

NYSE WD opened at $74.24 on Thursday. The company has a market capitalization of $2.52 billion, a P/E ratio of 23.27 and a beta of 1.64. Walker & Dunlop, Inc. has a 12-month low of $69.59 and a 12-month high of $118.19. The firm has a 50-day moving average price of $78.79 and a two-hundred day moving average price of $91.80.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.13). Walker & Dunlop had a net margin of 9.55% and a return on equity of 9.64%. The business had revenue of $237.37 million during the quarter, compared to the consensus estimate of $260.43 million. During the same period in the prior year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities analysts expect that Walker & Dunlop, Inc. will post 4.97 EPS for the current year.

Walker & Dunlop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Thursday, May 15th. Walker & Dunlop’s dividend payout ratio (DPR) is presently 91.78%.

Insider Transactions at Walker & Dunlop

In other news, CEO William M. Walker purchased 17,500 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $86.21 per share, with a total value of $1,508,675.00. Following the acquisition, the chief executive officer now owns 411,271 shares in the company, valued at approximately $35,455,672.91. The trade was a 4.44% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.66% of the stock is currently owned by insiders.

Walker & Dunlop Profile

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.