Walker & Dunlop, Inc. (NYSE:WD) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 22.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,332 shares of the financial services provider’s stock after acquiring an additional 1,347 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Walker & Dunlop were worth $814,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in shares of Walker & Dunlop by 4,480.2% in the third quarter. Victory Capital Management Inc. now owns 397,149 shares of the financial services provider’s stock worth $29,484,000 after buying an additional 388,478 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Walker & Dunlop by 960.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 201,387 shares of the financial services provider’s stock worth $14,951,000 after purchasing an additional 182,401 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Walker & Dunlop by 7,867.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 73,461 shares of the financial services provider’s stock worth $8,155,000 after purchasing an additional 72,539 shares during the period. Moody Aldrich Partners LLC purchased a new position in shares of Walker & Dunlop during the 3rd quarter valued at approximately $3,644,000. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Walker & Dunlop by 16.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 296,015 shares of the financial services provider’s stock valued at $21,976,000 after purchasing an additional 42,160 shares during the period. 80.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WD has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $105.00 price objective on shares of Walker & Dunlop in a report on Tuesday, March 26th. Wedbush cut Walker & Dunlop from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $130.00 to $95.00 in a research report on Thursday, April 11th. Finally, StockNews.com cut Walker & Dunlop from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $100.00.

Walker & Dunlop Stock Performance

Shares of NYSE WD opened at $93.90 on Tuesday. The firm has a fifty day moving average of $93.99 and a 200 day moving average of $91.22. The firm has a market cap of $3.16 billion, a PE ratio of 29.53 and a beta of 1.53. Walker & Dunlop, Inc. has a one year low of $61.06 and a one year high of $113.67.

Walker & Dunlop (NYSE:WD) last released its earnings results on Thursday, February 15th. The financial services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. The business had revenue of $274.30 million during the quarter, compared to analysts’ expectations of $276.76 million. Walker & Dunlop had a net margin of 10.18% and a return on equity of 9.15%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.41 earnings per share. On average, equities analysts predict that Walker & Dunlop, Inc. will post 4.2 EPS for the current fiscal year.

Walker & Dunlop Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Thursday, February 29th. This is an increase from Walker & Dunlop’s previous quarterly dividend of $0.63. Walker & Dunlop’s dividend payout ratio (DPR) is 81.76%.

Insider Transactions at Walker & Dunlop

In other Walker & Dunlop news, CFO Gregory Florkowski sold 4,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $96.45, for a total value of $385,800.00. Following the transaction, the chief financial officer now owns 11,809 shares in the company, valued at approximately $1,138,978.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Gregory Florkowski sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $96.45, for a total transaction of $385,800.00. Following the completion of the sale, the chief financial officer now owns 11,809 shares of the company’s stock, valued at approximately $1,138,978.05. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Paula A. Pryor sold 1,908 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $94.09, for a total transaction of $179,523.72. Following the completion of the sale, the executive vice president now owns 3,707 shares of the company’s stock, valued at approximately $348,791.63. The disclosure for this sale can be found here. Insiders have sold 46,074 shares of company stock valued at $4,328,255 over the last ninety days. Insiders own 5.26% 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.