Walker & Dunlop, Inc. (WD) Position Boosted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 10.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,622 shares of the financial services provider’s stock after buying an additional 12,268 shares during the period. Schwab Charles Investment Management Inc. owned 0.41% of Walker & Dunlop worth $5,363,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State Board of Administration of Florida Retirement System raised its position in shares of Walker & Dunlop by 0.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,056 shares of the financial services provider’s stock worth $711,000 after buying an additional 46 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Walker & Dunlop by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 3,060 shares of the financial services provider’s stock worth $127,000 after buying an additional 60 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Walker & Dunlop by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the financial services provider’s stock worth $471,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System raised its position in shares of Walker & Dunlop by 1.4% in the first quarter. Arizona State Retirement System now owns 14,469 shares of the financial services provider’s stock worth $603,000 after buying an additional 200 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Walker & Dunlop by 0.6% in the first quarter. Legal & General Group Plc now owns 45,869 shares of the financial services provider’s stock worth $1,912,000 after buying an additional 252 shares in the last quarter. 78.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Walker & Dunlop, Inc. (WD) opened at 47.58 on Friday. The stock’s 50 day moving average is $49.52 and its 200-day moving average is $45.16. Walker & Dunlop, Inc. has a one year low of $23.61 and a one year high of $53.43. The firm has a market cap of $1.49 billion, a P/E ratio of 10.52 and a beta of 1.39.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.02. The business had revenue of $166.40 million for the quarter, compared to the consensus estimate of $167.51 million. Walker & Dunlop had a net margin of 21.91% and a return on equity of 22.86%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Analysts anticipate that Walker & Dunlop, Inc. will post $4.50 EPS for the current fiscal year.

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A number of research analysts have weighed in on WD shares. Zacks Investment Research raised shares of Walker & Dunlop from a “hold” rating to a “strong-buy” rating and set a $56.00 target price on the stock in a research note on Saturday, May 6th. BidaskClub lowered shares of Walker & Dunlop from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. JMP Securities lowered shares of Walker & Dunlop from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 3rd. ValuEngine raised shares of Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Keefe, Bruyette & Woods set a $49.00 target price on shares of Walker & Dunlop and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Walker & Dunlop presently has a consensus rating of “Buy” and a consensus price target of $47.00.

In other Walker & Dunlop news, Director Dana L. Schmaltz acquired 1,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $46.05 per share, with a total value of $46,050.00. Following the completion of the transaction, the director now directly owns 46,983 shares of the company’s stock, valued at $2,163,567.15. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dana L. Schmaltz acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was acquired at an average cost of $47.85 per share, with a total value of $95,700.00. Following the transaction, the director now directly owns 44,983 shares of the company’s stock, valued at $2,152,436.55. The disclosure for this purchase can be found here. 11.70% of the stock is owned by corporate insiders.

About Walker & Dunlop

Walker & Dunlop, Inc is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company 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.

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

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