Truist Financial Corp Buys Shares of 8,350 Walker & Dunlop, Inc. (NYSE:WD)

Truist Financial Corp purchased a new stake in Walker & Dunlop, Inc. (NYSE:WDGet Rating) in the third quarter, Holdings Channel.com reports. The fund purchased 8,350 shares of the financial services provider’s stock, valued at approximately $699,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Walker & Dunlop by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 3,761,750 shares of the financial services provider’s stock worth $486,845,000 after purchasing an additional 85,505 shares during the last quarter. FMR LLC boosted its position in shares of Walker & Dunlop by 103.1% in the second quarter. FMR LLC now owns 2,134,515 shares of the financial services provider’s stock worth $205,640,000 after acquiring an additional 1,083,364 shares during the last quarter. State Street Corp boosted its position in shares of Walker & Dunlop by 3.1% in the second quarter. State Street Corp now owns 1,185,832 shares of the financial services provider’s stock worth $114,243,000 after acquiring an additional 35,324 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Walker & Dunlop by 2.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 732,322 shares of the financial services provider’s stock worth $70,552,000 after acquiring an additional 15,124 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Walker & Dunlop by 2.8% in the second quarter. Northern Trust Corp now owns 390,723 shares of the financial services provider’s stock worth $37,642,000 after acquiring an additional 10,782 shares during the last quarter. Hedge funds and other institutional investors own 77.78% of the company’s stock.

Walker & Dunlop Stock Up 0.6 %

Shares of NYSE WD opened at $92.87 on Friday. The firm’s 50-day moving average price is $83.73 and its two-hundred day moving average price is $92.29. Walker & Dunlop, Inc. has a 52-week low of $75.33 and a 52-week high of $145.00. The stock has a market capitalization of $3.07 billion, a P/E ratio of 12.30 and a beta of 1.26.

Walker & Dunlop (NYSE:WDGet Rating) last announced its quarterly earnings results on Wednesday, November 9th. The financial services provider reported $1.40 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.60). Walker & Dunlop had a net margin of 18.11% and a return on equity of 15.23%. The firm had revenue of $315.61 million during the quarter, compared to analyst estimates of $344.86 million. As a group, equities research analysts expect that Walker & Dunlop, Inc. will post 6.68 earnings per share for the current year.

Walker & Dunlop Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Friday, November 25th were paid a dividend of $0.60 per share. The ex-dividend date was Wednesday, November 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.58%. Walker & Dunlop’s dividend payout ratio is presently 31.79%.

Insider Activity at Walker & Dunlop

In other Walker & Dunlop news, COO Stephen P. Theobald sold 3,000 shares of Walker & Dunlop stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $79.99, for a total value of $239,970.00. Following the transaction, the chief operating officer now owns 43,699 shares in the company, valued at $3,495,483.01. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, COO Stephen P. Theobald sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $91.41, for a total value of $914,100.00. Following the completion of the transaction, the chief operating officer now owns 43,699 shares of the company’s stock, valued at approximately $3,994,525.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stephen P. Theobald sold 3,000 shares of the business’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $79.99, for a total transaction of $239,970.00. Following the transaction, the chief operating officer now owns 43,699 shares in the company, valued at $3,495,483.01. The disclosure for this sale can be found here. Insiders have sold 16,000 shares of company stock worth $1,431,120 over the last quarter. 8.05% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com lowered shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Thursday, November 17th. JMP Securities dropped their price objective on shares of Walker & Dunlop from $140.00 to $110.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 10th.

About Walker & Dunlop

(Get Rating)

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. The company offers first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.

Further Reading

Want to see what other hedge funds are holding WD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walker & Dunlop, Inc. (NYSE:WDGet Rating).

Institutional Ownership by Quarter for Walker & Dunlop (NYSE:WD)

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