BlackRock Inc. Has $393.45 Million Holdings in Walker & Dunlop, Inc. (NYSE:WD)

Posted by Defense World Staff on Mar 10th, 2023

BlackRock Inc. lessened its stake in Walker & Dunlop, Inc. (NYSE:WD – Get Rating) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,698,995 shares of the financial services provider’s stock after selling 72,717 shares during the quarter. BlackRock Inc. owned approximately 14.24% of Walker & Dunlop worth $393,448,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Covestor Ltd raised its stake in Walker & Dunlop by 5,066.7% in the 1st quarter. Covestor Ltd now owns 310 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 304 shares during the period. Quadrant Capital Group LLC raised its stake in Walker & Dunlop by 398.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 359 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 287 shares during the period. First Manhattan Co. bought a new stake in Walker & Dunlop in the 1st quarter valued at $65,000. Quantbot Technologies LP bought a new stake in Walker & Dunlop in the 3rd quarter valued at $110,000. Finally, Captrust Financial Advisors raised its stake in Walker & Dunlop by 160.2% in the 1st quarter. Captrust Financial Advisors now owns 1,478 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 910 shares during the period. Institutional investors and hedge funds own 77.78% of the company’s stock.

Walker & Dunlop Stock Down 4.6 %

NYSE:WD opened at $82.37 on Friday. The stock’s 50-day simple moving average is $90.12 and its 200 day simple moving average is $88.85. The firm has a market capitalization of $2.72 billion, a PE ratio of 12.93 and a beta of 1.37. Walker & Dunlop, Inc. has a twelve month low of $75.33 and a twelve month high of $137.91.

Walker & Dunlop (NYSE:WD – Get Rating) last released its quarterly earnings data on Tuesday, February 21st. The financial services provider reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.14). Walker & Dunlop had a net margin of 16.84% and a return on equity of 12.97%. The business had revenue of $282.85 million during the quarter, compared to analyst estimates of $331.46 million. During the same period last year, the business earned $2.42 earnings per share. The business’s quarterly revenue was down 30.5% compared to the same quarter last year. On average, analysts anticipate that Walker & Dunlop, Inc. will post 6.49 EPS for the current fiscal year.

Walker & Dunlop Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Wednesday, March 8th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.06%. This is a positive change from Walker & Dunlop’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, March 7th. Walker & Dunlop’s dividend payout ratio (DPR) is presently 39.56%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WD shares. Wolfe Research cut Walker & Dunlop from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 31st. JMP Securities lowered their price objective on Walker & Dunlop from $140.00 to $110.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 10th. TheStreet upgraded Walker & Dunlop from a “c+” rating to a “b-” rating in a research report on Tuesday. Finally, StockNews.com raised Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Monday, February 27th.

Insider Activity

In other news, EVP Paula A. Pryor sold 5,596 shares of Walker & Dunlop stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $89.04, for a total transaction of $498,267.84. Following the sale, the executive vice president now directly owns 13,077 shares of the company’s stock, valued at $1,164,376.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Stephen P. Theobald sold 15,496 shares of Walker & Dunlop stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $100.32, for a total value of $1,554,558.72. Following the transaction, the chief operating officer now directly owns 43,699 shares of the company’s stock, valued at $4,383,883.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Paula A. Pryor sold 5,596 shares of Walker & Dunlop stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $89.04, for a total value of $498,267.84. Following the completion of the transaction, the executive vice president now directly owns 13,077 shares in the company, valued at $1,164,376.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,092 shares of company stock valued at $2,569,847. 8.05% of the stock is currently owned by corporate insiders.

Walker & Dunlop Company Profile

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Walker & Dunlop, Inc is a holding company. engages in the provision of commercial real estate and finance services. It focuses on multifamily lending, debt brokerage, and property sales. It also involves the delivery and servicing of loan products for its customers. The company was founded by Oliver Walker and Laird Dunlop in 1937 and is headquartered in Bethesda, MD.