Walker & Dunlop, Inc. (NYSE:WD) Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp grew its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 33.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,020 shares of the financial services provider’s stock after acquiring an additional 9,745 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Walker & Dunlop were worth $3,832,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Insight Folios Inc grew its stake in shares of Walker & Dunlop by 2.5% in the first quarter. Insight Folios Inc now owns 7,043 shares of the financial services provider’s stock valued at $712,000 after buying an additional 171 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Walker & Dunlop by 205.6% in the second quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock valued at $26,000 after buying an additional 185 shares in the last quarter. Sage Mountain Advisors LLC grew its stake in shares of Walker & Dunlop by 9.5% in the second quarter. Sage Mountain Advisors LLC now owns 2,190 shares of the financial services provider’s stock valued at $215,000 after buying an additional 190 shares in the last quarter. Swiss National Bank grew its stake in shares of Walker & Dunlop by 0.3% in the first quarter. Swiss National Bank now owns 66,000 shares of the financial services provider’s stock valued at $6,670,000 after buying an additional 200 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Walker & Dunlop by 2.3% in the second quarter. Arizona State Retirement System now owns 9,406 shares of the financial services provider’s stock valued at $924,000 after buying an additional 213 shares in the last quarter. 80.97% of the stock is currently owned by institutional investors and hedge funds.

Walker & Dunlop Stock Up 4.3 %

Shares of NYSE WD opened at $108.56 on Friday. Walker & Dunlop, Inc. has a fifty-two week low of $62.51 and a fifty-two week high of $113.67. The business has a 50 day moving average price of $103.99 and a two-hundred day moving average price of $98.06. The firm has a market cap of $3.66 billion, a PE ratio of 39.62 and a beta of 1.55.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. Walker & Dunlop had a return on equity of 9.65% and a net margin of 8.41%. The firm had revenue of $270.70 million during the quarter, compared to analyst estimates of $274.50 million. During the same quarter last year, the firm earned $0.98 EPS. Walker & Dunlop’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts anticipate that Walker & Dunlop, Inc. will post 5.27 earnings per share for the current year.

Walker & Dunlop Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Thursday, August 22nd. Walker & Dunlop’s dividend payout ratio is currently 94.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WD shares. Keefe, Bruyette & Woods increased their target price on Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. StockNews.com upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Sunday, August 11th. Finally, Wedbush raised their price objective on Walker & Dunlop from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, August 9th.

Insider Activity at Walker & Dunlop

In other Walker & Dunlop news, COO Stephen P. Theobald sold 13,870 shares of Walker & Dunlop stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $106.10, for a total value of $1,471,607.00. Following the completion of the transaction, the chief operating officer now owns 53,869 shares of the company’s stock, valued at $5,715,500.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.47% of the company’s stock.

Walker & Dunlop Company 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.