Victory Capital Management Inc. boosted its stake in Walker & Dunlop Inc. (NYSE:WD) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 36,370 shares of the company’s stock after buying an additional 135 shares during the period. Victory Capital Management Inc. owned approximately 0.12% of Walker & Dunlop worth $829,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in Walker & Dunlop by 117.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,702 shares of the company’s stock worth $198,000 after buying an additional 4,703 shares during the last quarter. Societe Generale bought a new stake in Walker & Dunlop during the second quarter worth approximately $233,000. SG Americas Securities LLC bought a new stake in Walker & Dunlop during the second quarter worth approximately $233,000. Fox Run Management L.L.C. bought a new stake in Walker & Dunlop during the first quarter worth approximately $308,000. Finally, Arizona State Retirement System boosted its stake in Walker & Dunlop by 2.2% in the first quarter. Arizona State Retirement System now owns 13,869 shares of the company’s stock worth $337,000 after buying an additional 300 shares during the last quarter. Institutional investors own 78.04% of the company’s stock.
Walker & Dunlop Inc. (NYSE:WD) opened at 25.95 on Friday. The company has a market capitalization of $799.55 million, a price-to-earnings ratio of 9.01 and a beta of 0.96. The firm has a 50 day moving average of $26.44 and a 200-day moving average of $24.30. Walker & Dunlop Inc. has a 1-year low of $19.50 and a 1-year high of $33.17.
Walker & Dunlop (NYSE:WD) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.36. Walker & Dunlop had a net margin of 18.20% and a return on equity of 17.60%. The company earned $147.90 million during the quarter, compared to analyst estimates of $114.53 million. During the same period in the prior year, the business posted $0.67 EPS. The firm’s revenue was up 29.9% compared to the same quarter last year. On average, equities research analysts anticipate that Walker & Dunlop Inc. will post $3.01 earnings per share for the current fiscal year.
A number of equities research analysts have commented on WD shares. Zacks Investment Research cut shares of Walker & Dunlop from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. Keefe, Bruyette & Woods raised their price target on shares of Walker & Dunlop from $23.00 to $26.00 and gave the stock a “market perform” rating in a report on Thursday, August 4th. Finally, JMP Securities raised their price target on shares of Walker & Dunlop from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Thursday, August 4th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $29.75.
In related news, CEO William M. Walker sold 53,170 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $26.71, for a total transaction of $1,420,170.70. Following the completion of the sale, the chief executive officer now directly owns 1,493,462 shares in the company, valued at approximately $39,890,370.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William M. Walker sold 26,016 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $26.49, for a total transaction of $689,163.84. Following the sale, the chief executive officer now owns 1,463,329 shares of the company’s stock, valued at $38,763,585.21. The disclosure for this sale can be found here. Corporate insiders own 11.60% of the company’s stock.
About Walker & Dunlop
Walker & Dunlop, Inc is a holding company, which conducts all of its operations through Walker & Dunlop, LLC. The Company is a provider of commercial real estate financial services in the United States, with a primary focus on multifamily lending. It originates, sells, and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.
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