Ameriprise Financial Inc. Decreases Position in Walker & Dunlop, Inc. (WD)
Ameriprise Financial Inc. trimmed its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 2.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 329,962 shares of the financial services provider’s stock after selling 8,663 shares during the period. Ameriprise Financial Inc. owned about 1.06% of Walker & Dunlop worth $17,267,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Walker & Dunlop during the 3rd quarter valued at about $123,000. Riverhead Capital Management LLC raised its holdings in shares of Walker & Dunlop by 68.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,698 shares of the financial services provider’s stock valued at $132,000 after buying an additional 1,098 shares in the last quarter. Flinton Capital Management LLC raised its holdings in shares of Walker & Dunlop by 69.4% during the 2nd quarter. Flinton Capital Management LLC now owns 3,570 shares of the financial services provider’s stock valued at $174,000 after buying an additional 1,462 shares in the last quarter. Advisor Group Inc. increased its stake in Walker & Dunlop by 108.9% in the 2nd quarter. Advisor Group Inc. now owns 3,912 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 2,039 shares during the period. Finally, Meeder Asset Management Inc. increased its stake in Walker & Dunlop by 38.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,648 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 1,019 shares during the period. 77.52% of the stock is currently owned by institutional investors.
A number of equities analysts have commented on WD shares. Zacks Investment Research cut Walker & Dunlop from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. TheStreet cut Walker & Dunlop from a “b-” rating to a “c+” rating in a research note on Monday, December 4th. ValuEngine cut Walker & Dunlop from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $49.00 price target on shares of Walker & Dunlop in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Walker & Dunlop presently has a consensus rating of “Hold” and an average target price of $52.00.
In other news, CFO Stephen P. Theobald sold 18,128 shares of Walker & Dunlop stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $51.18, for a total value of $927,791.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Howard W. Smith III sold 25,000 shares of Walker & Dunlop stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $50.01, for a total value of $1,250,250.00. Following the completion of the sale, the president now owns 828,176 shares in the company, valued at $41,417,081.76. The disclosure for this sale can be found here. Insiders sold a total of 98,128 shares of company stock worth $4,892,241 over the last ninety days. Insiders own 11.70% of the company’s stock.
Shares of Walker & Dunlop, Inc. (WD) traded down $0.36 during trading on Thursday, reaching $47.51. The company’s stock had a trading volume of 235,300 shares, compared to its average volume of 227,705. The company has a quick ratio of 12.88, a current ratio of 12.88 and a debt-to-equity ratio of 4.84. The stock has a market cap of $1,487.06, a PE ratio of 10.30 and a beta of 1.37. Walker & Dunlop, Inc. has a 1-year low of $29.93 and a 1-year high of $56.46.
Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Wednesday, November 8th. The financial services provider reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.09. The business had revenue of $179.70 million for the quarter, compared to analysts’ expectations of $166.38 million. Walker & Dunlop had a return on equity of 22.35% and a net margin of 21.81%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 EPS. sell-side analysts forecast that Walker & Dunlop, Inc. will post 4.49 earnings per share for the current year.
Walker & Dunlop Profile
Walker & Dunlop, Inc is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company originates, sells and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.
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