Crossmark Global Holdings Inc. Raises Stake in Walker & Dunlop, Inc. (NYSE:WD)

Crossmark Global Holdings Inc. lifted its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 20.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,907 shares of the financial services provider’s stock after buying an additional 503 shares during the period. Crossmark Global Holdings Inc.’s holdings in Walker & Dunlop were worth $330,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Walker & Dunlop by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,319,434 shares of the financial services provider’s stock valued at $129,566,000 after acquiring an additional 20,739 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Walker & Dunlop by 13.8% in the second quarter. Victory Capital Management Inc. now owns 1,063,522 shares of the financial services provider’s stock valued at $104,438,000 after purchasing an additional 129,289 shares during the period. Impactive Capital LP grew its position in shares of Walker & Dunlop by 242.0% in the first quarter. Impactive Capital LP now owns 1,034,093 shares of the financial services provider’s stock valued at $104,505,000 after purchasing an additional 731,714 shares during the period. Bank of New York Mellon Corp lifted its position in Walker & Dunlop by 0.8% during 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. Finally, American Century Companies Inc. boosted its stake in Walker & Dunlop by 10.1% in the 2nd quarter. American Century Companies Inc. now owns 351,022 shares of the financial services provider’s stock worth $34,470,000 after buying an additional 32,192 shares during the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

Walker & Dunlop Stock Performance

Shares of NYSE:WD opened at $106.62 on Monday. Walker & Dunlop, Inc. has a 1 year low of $81.14 and a 1 year high of $118.19. The stock has a 50-day simple moving average of $110.58 and a 200-day simple moving average of $103.58. The stock has a market capitalization of $3.60 billion, a P/E ratio of 38.08 and a beta of 1.55.

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

Walker & Dunlop Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, November 22nd. Walker & Dunlop’s payout ratio is 92.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Wolfe Research raised shares of Walker & Dunlop to a “strong-buy” rating in a research report on Tuesday, September 24th. StockNews.com upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Finally, Wedbush boosted their price objective on shares of Walker & Dunlop from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th.

Insider Activity

In related news, COO Stephen P. Theobald sold 13,870 shares of Walker & Dunlop stock in a transaction on 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 sale, the chief operating officer now owns 53,869 shares of the company’s stock, valued at $5,715,500.90. The trade was a 20.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.