Corient Private Wealth LLC Cuts Stock Holdings in Walker & Dunlop, Inc. (NYSE:WD)

Corient Private Wealth LLC decreased its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,584 shares of the financial services provider’s stock after selling 1,449 shares during the period. Corient Private Wealth LLC owned about 0.11% of Walker & Dunlop worth $3,459,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WD. National Bank of Canada FI boosted its position in Walker & Dunlop by 42.2% in the third quarter. National Bank of Canada FI now owns 391 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 116 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Walker & Dunlop by 230.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 751 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 524 shares during the last quarter. KBC Group NV boosted its position in Walker & Dunlop by 33.6% in the fourth quarter. KBC Group NV now owns 1,607 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 404 shares during the last quarter. Crewe Advisors LLC boosted its position in Walker & Dunlop by 42.9% in the fourth quarter. Crewe Advisors LLC now owns 2,000 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 600 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Walker & Dunlop in the fourth quarter worth $229,000. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a research report on Thursday, March 6th.

Walker & Dunlop Price Performance

Shares of NYSE WD opened at $85.69 on Friday. Walker & Dunlop, Inc. has a one year low of $81.07 and a one year high of $118.19. The business’s fifty day moving average price is $89.58 and its 200-day moving average price is $100.91. The stock has a market capitalization of $2.91 billion, a PE ratio of 26.86 and a beta of 1.63.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.18). Walker & Dunlop had a net margin of 9.55% and a return on equity of 9.64%. The company had revenue of $341.45 million for the quarter, compared to the consensus estimate of $316.82 million. As a group, equities analysts expect that Walker & Dunlop, Inc. will post 4.97 EPS for the current fiscal year.

Walker & Dunlop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.13%. This is a positive change from Walker & Dunlop’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Friday, February 28th. Walker & Dunlop’s payout ratio is presently 84.01%.

Insider Activity at Walker & Dunlop

In other Walker & Dunlop news, CEO William M. Walker bought 17,500 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $86.21 per share, for a total transaction of $1,508,675.00. Following the purchase, the chief executive officer now directly owns 411,271 shares of the company’s stock, valued at $35,455,672.91. The trade was a 4.44 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.47% of the stock is currently owned by corporate insiders.

Walker & Dunlop Profile

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.