Walker & Dunlop, Inc. $WD Shares Sold by Keybank National Association OH

Keybank National Association OH reduced its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 13.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,340 shares of the financial services provider’s stock after selling 996 shares during the quarter. Keybank National Association OH’s holdings in Walker & Dunlop were worth $447,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. increased its position in shares of Walker & Dunlop by 1.8% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,218,881 shares of the financial services provider’s stock valued at $104,044,000 after purchasing an additional 21,310 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Walker & Dunlop by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 463,191 shares of the financial services provider’s stock valued at $39,538,000 after purchasing an additional 3,069 shares during the period. Royce & Associates LP increased its position in shares of Walker & Dunlop by 257.2% during the 1st quarter. Royce & Associates LP now owns 282,688 shares of the financial services provider’s stock valued at $24,130,000 after purchasing an additional 203,542 shares during the period. Tributary Capital Management LLC increased its position in shares of Walker & Dunlop by 18.6% during the 2nd quarter. Tributary Capital Management LLC now owns 168,338 shares of the financial services provider’s stock valued at $11,864,000 after purchasing an additional 26,456 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Walker & Dunlop by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 160,069 shares of the financial services provider’s stock valued at $13,663,000 after purchasing an additional 3,805 shares during the period. 80.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on WD. Citigroup upgraded Walker & Dunlop to an “outperform” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Walker & Dunlop in a research report on Wednesday, October 8th. Wall Street Zen upgraded Walker & Dunlop from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th. JMP Securities set a $95.00 price objective on Walker & Dunlop and gave the stock a “market outperform” rating in a research note on Friday, October 10th. Finally, Wedbush reissued a “neutral” rating and set a $90.00 price objective on shares of Walker & Dunlop in a research note on Thursday, August 14th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $94.25.

Walker & Dunlop Stock Up 0.1%

WD opened at $80.41 on Wednesday. The firm has a market cap of $2.74 billion, a PE ratio of 24.82 and a beta of 1.59. The business has a fifty day simple moving average of $83.66 and a 200-day simple moving average of $77.38. Walker & Dunlop, Inc. has a fifty-two week low of $64.48 and a fifty-two week high of $118.19.

Walker & Dunlop (NYSE:WD) last issued its earnings results on Thursday, August 7th. The financial services provider reported $1.15 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.14). The business had revenue of $319.24 million during the quarter, compared to analyst estimates of $275.84 million. Walker & Dunlop had a return on equity of 8.81% and a net margin of 9.27%.The business’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period last year, the business earned $1.23 EPS. On average, equities research analysts anticipate that Walker & Dunlop, Inc. will post 4.97 EPS for the current fiscal year.

Insider Activity at Walker & Dunlop

In other news, EVP Paula A. Pryor sold 5,336 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $86.20, for a total value of $459,963.20. Following the completion of the sale, the executive vice president owned 9,341 shares of the company’s stock, valued at $805,194.20. This trade represents a 36.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 3.66% of the stock is currently owned by company 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.