Walker & Dunlop, Inc. (NYSE:WD) Position Trimmed by Cresset Asset Management LLC

Cresset Asset Management LLC cut its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 8.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,955 shares of the financial services provider’s stock after selling 1,410 shares during the period. Cresset Asset Management LLC’s holdings in Walker & Dunlop were worth $1,454,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Sterling Capital Management LLC increased its position in Walker & Dunlop by 456.4% in the 4th quarter. Sterling Capital Management LLC now owns 306 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 251 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Walker & Dunlop by 230.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the financial services provider’s stock valued at $72,000 after acquiring an additional 524 shares in the last quarter. KBC Group NV increased its stake in shares of Walker & Dunlop by 33.6% during the fourth quarter. KBC Group NV now owns 1,607 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 404 shares during the period. Quantbot Technologies LP acquired a new stake in Walker & Dunlop in the fourth quarter worth approximately $178,000. Finally, Crewe Advisors LLC boosted its stake in Walker & Dunlop by 42.9% during the fourth quarter. Crewe Advisors LLC now owns 2,000 shares of the financial services provider’s stock valued at $194,000 after buying an additional 600 shares in the last quarter. 80.97% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walker & Dunlop

In other Walker & Dunlop news, CEO William M. Walker bought 17,500 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $86.21 per share, with a total value of $1,508,675.00. Following the completion of the purchase, the chief executive officer now directly owns 411,271 shares in the company, valued at $35,455,672.91. The trade was a 4.44 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.66% of the company’s stock.

Walker & Dunlop Price Performance

Walker & Dunlop stock opened at $70.79 on Friday. The firm’s 50 day simple moving average is $79.42 and its 200-day simple moving average is $92.45. Walker & Dunlop, Inc. has a fifty-two week low of $69.59 and a fifty-two week high of $118.19. The company has a market cap of $2.41 billion, a P/E ratio of 22.19 and a beta of 1.64.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.85 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.13). Walker & Dunlop had a return on equity of 9.64% and a net margin of 9.55%. The company had revenue of $237.37 million for the quarter, compared to analyst estimates of $260.43 million. During the same quarter in the prior year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, analysts expect that Walker & Dunlop, Inc. will post 4.97 EPS for the current fiscal year.

Walker & Dunlop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.68 annualized dividend and a yield of 3.79%. Walker & Dunlop’s payout ratio is 91.78%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WD. StockNews.com lowered shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods cut their price objective on Walker & Dunlop from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th.

About Walker & Dunlop

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.