Smith Asset Management Group LP Buys 1,390 Shares of Walker & Dunlop, Inc. (WD)

Smith Asset Management Group LP raised its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 4.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 36,310 shares of the financial services provider’s stock after purchasing an additional 1,390 shares during the period. Smith Asset Management Group LP owned 0.12% of Walker & Dunlop worth $1,920,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in WD. BlackRock Inc. grew its holdings in Walker & Dunlop by 6.0% during the second quarter. BlackRock Inc. now owns 3,876,907 shares of the financial services provider’s stock valued at $215,748,000 after purchasing an additional 218,172 shares during the period. Burney Co. boosted its stake in shares of Walker & Dunlop by 2,217.0% in the second quarter. Burney Co. now owns 116,891 shares of the financial services provider’s stock worth $6,505,000 after acquiring an additional 111,846 shares during the period. Boston Partners boosted its stake in shares of Walker & Dunlop by 3.1% in the second quarter. Boston Partners now owns 1,495,943 shares of the financial services provider’s stock worth $83,249,000 after acquiring an additional 45,657 shares during the period. TD Asset Management Inc. boosted its stake in shares of Walker & Dunlop by 1,335.3% in the second quarter. TD Asset Management Inc. now owns 48,800 shares of the financial services provider’s stock worth $2,716,000 after acquiring an additional 45,400 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in shares of Walker & Dunlop by 30.2% in the first quarter. Allianz Asset Management GmbH now owns 166,474 shares of the financial services provider’s stock worth $9,891,000 after acquiring an additional 38,604 shares during the period. 80.82% of the stock is owned by institutional investors and hedge funds.

NYSE:WD opened at $47.62 on Wednesday. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 2.56. The stock has a market capitalization of $1.43 billion, a P/E ratio of 10.00 and a beta of 1.09. Walker & Dunlop, Inc. has a 12 month low of $41.96 and a 12 month high of $61.44.

Walker & Dunlop (NYSE:WD) last posted its earnings results on Wednesday, October 31st. The financial services provider reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.15). The firm had revenue of $184.70 million during the quarter, compared to analysts’ expectations of $203.03 million. Walker & Dunlop had a return on equity of 18.23% and a net margin of 29.89%. Walker & Dunlop’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.06 earnings per share. On average, equities research analysts anticipate that Walker & Dunlop, Inc. will post 4.95 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Friday, November 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.10%. Walker & Dunlop’s dividend payout ratio is currently 21.01%.

A number of equities analysts have recently weighed in on WD shares. Wedbush raised Walker & Dunlop from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $55.00 to $58.00 in a research note on Thursday, November 1st. JMP Securities dropped their price objective on Walker & Dunlop from $65.00 to $60.00 and set a “market outperform” rating for the company in a research note on Thursday, November 1st. Compass Point reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Walker & Dunlop in a research note on Wednesday, August 1st. Finally, ValuEngine lowered Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $61.75.

In related news, Director E. John Rice, Jr. sold 4,644 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $54.25, for a total value of $251,937.00. Following the sale, the director now directly owns 22,579 shares in the company, valued at $1,224,910.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Howard W. Smith III sold 25,000 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $52.87, for a total value of $1,321,750.00. The disclosure for this sale can be found here. Insiders sold 77,281 shares of company stock worth $4,154,217 over the last quarter. 11.23% of the stock is owned by company insiders.

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About Walker & Dunlop

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate loans for owners and developers of real estate in the United States. The company offers multifamily properties and commercial real estate finance products, such as first mortgage loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans.

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

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