Bank of Montreal Can Increases Stake in Walker & Dunlop, Inc. (WD)
Bank of Montreal Can grew its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 59,139 shares of the financial services provider’s stock after buying an additional 4,871 shares during the quarter. Bank of Montreal Can’s holdings in Walker & Dunlop were worth $2,809,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in WD. Vanguard Group Inc. increased its position in shares of Walker & Dunlop by 11.0% during the second quarter. Vanguard Group Inc. now owns 3,783,928 shares of the financial services provider’s stock worth $184,769,000 after acquiring an additional 374,119 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Walker & Dunlop during the third quarter worth about $2,972,000. APG Asset Management N.V. bought a new stake in shares of Walker & Dunlop during the third quarter worth about $2,648,000. New Amsterdam Partners LLC NY increased its position in shares of Walker & Dunlop by 20.0% during the third quarter. New Amsterdam Partners LLC NY now owns 264,183 shares of the financial services provider’s stock worth $13,825,000 after acquiring an additional 43,939 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Walker & Dunlop by 81.9% during the second quarter. New York State Common Retirement Fund now owns 89,512 shares of the financial services provider’s stock worth $4,371,000 after acquiring an additional 40,305 shares in the last quarter. Hedge funds and other institutional investors own 77.70% of the company’s stock.
In other Walker & Dunlop news, EVP Richard M. Lucas sold 22,953 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $46.05, for a total value of $1,056,985.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard C. Warner sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $46.54, for a total transaction of $46,540.00. Following the completion of the sale, the executive vice president now directly owns 76,185 shares of the company’s stock, valued at $3,545,649.90. The disclosure for this sale can be found here. Insiders sold a total of 218,190 shares of company stock valued at $10,519,272 over the last ninety days. 11.70% of the stock is currently owned by insiders.
Walker & Dunlop (NYSE:WD) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.26. Walker & Dunlop had a net margin of 29.66% and a return on equity of 21.33%. The business had revenue of $207.20 million during the quarter, compared to the consensus estimate of $181.14 million. During the same period in the prior year, the firm posted $1.16 EPS. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. equities analysts predict that Walker & Dunlop, Inc. will post 4.32 earnings per share for the current fiscal year.
Walker & Dunlop announced that its Board of Directors has initiated a share buyback program on Wednesday, February 7th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Friday, February 23rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, February 22nd.
WD has been the subject of several recent research reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $56.00 target price on shares of Walker & Dunlop in a research report on Friday, December 22nd. TheStreet downgraded shares of Walker & Dunlop from a “b-” rating to a “c+” rating in a research report on Monday, December 4th. Zacks Investment Research downgraded shares of Walker & Dunlop from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. Finally, ValuEngine downgraded shares of Walker & Dunlop from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Walker & Dunlop presently has an average rating of “Buy” and an average price target of $55.50.
Walker & Dunlop 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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