JPMorgan Chase & Co. Cuts Stake in Walker & Dunlop, Inc. (WD)

JPMorgan Chase & Co. decreased its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 14.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 855,683 shares of the financial services provider’s stock after selling 143,158 shares during the period. JPMorgan Chase & Co. owned approximately 2.74% of Walker & Dunlop worth $44,838,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Alps Advisors Inc. boosted its stake in shares of Walker & Dunlop by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 11,679 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 30 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Walker & Dunlop by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 14,669 shares of the financial services provider’s stock valued at $716,000 after purchasing an additional 200 shares in the last quarter. Pinebridge Investments L.P. boosted its stake in shares of Walker & Dunlop by 1.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 18,195 shares of the financial services provider’s stock valued at $889,000 after purchasing an additional 294 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of Walker & Dunlop by 2.3% during the 2nd quarter. Texas Permanent School Fund now owns 20,532 shares of the financial services provider’s stock valued at $1,003,000 after purchasing an additional 452 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in shares of Walker & Dunlop by 29.0% during the 3rd quarter. LS Investment Advisors LLC now owns 4,084 shares of the financial services provider’s stock valued at $214,000 after purchasing an additional 919 shares in the last quarter. 77.52% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Richard M. Lucas sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $48.21, for a total transaction of $964,200.00. Following the sale, the executive vice president now owns 163,068 shares of the company’s stock, valued at $7,861,508.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richard C. Warner sold 35,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $50.00, for a total transaction of $1,750,000.00. Following the sale, the executive vice president now directly owns 76,785 shares in the company, valued at approximately $3,839,250. The disclosure for this sale can be found here. Insiders have sold 98,128 shares of company stock worth $4,892,241 in the last three months. 11.70% of the stock is currently owned by insiders.

Walker & Dunlop, Inc. (NYSE WD) traded up $0.71 during trading hours on Friday, reaching $48.93. 145,616 shares of the company traded hands, compared to its average volume of 240,708. Walker & Dunlop, Inc. has a 1-year low of $29.93 and a 1-year high of $56.46. The company has a debt-to-equity ratio of 4.84, a current ratio of 12.88 and a quick ratio of 12.88. The company has a market capitalization of $1,520.01, a price-to-earnings ratio of 10.52 and a beta of 1.37.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $1.06 EPS for the quarter, topping the consensus estimate of $0.97 by $0.09. Walker & Dunlop had a net margin of 21.81% and a return on equity of 22.35%. The business had revenue of $179.70 million for the quarter, compared to analyst estimates of $166.38 million. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Walker & Dunlop’s quarterly revenue was up 16.1% on a year-over-year basis. analysts anticipate that Walker & Dunlop, Inc. will post 4.49 earnings per share for the current year.

A number of brokerages have recently weighed in on WD. Zacks Investment Research lowered shares of Walker & Dunlop from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $49.00 target price on shares of Walker & Dunlop in a research note on Thursday, October 12th. ValuEngine lowered shares of Walker & Dunlop from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, TheStreet lowered shares of Walker & Dunlop from a “b-” rating to a “c+” rating in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $52.00.

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Walker & Dunlop Company Profile

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.

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

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