BlackRock Inc. Sells 481,581 Shares of Walker & Dunlop, Inc. (WD)

BlackRock Inc. decreased its stake in Walker & Dunlop, Inc. (NYSE:WD) by 11.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,704,786 shares of the financial services provider’s stock after selling 481,581 shares during the quarter. BlackRock Inc. owned about 12.30% of Walker & Dunlop worth $180,905,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Teachers Advisors LLC boosted its holdings in shares of Walker & Dunlop by 13.3% in the 2nd quarter. Teachers Advisors LLC now owns 515,171 shares of the financial services provider’s stock worth $25,156,000 after purchasing an additional 60,675 shares during the period. Riverhead Capital Management LLC boosted its holdings in shares of Walker & Dunlop by 68.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,698 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 1,098 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Walker & Dunlop by 9.0% in the 2nd quarter. Alliancebernstein L.P. now owns 109,795 shares of the financial services provider’s stock worth $5,361,000 after purchasing an additional 9,020 shares during the period. Systematic Financial Management LP purchased a new position in shares of Walker & Dunlop in the 2nd quarter worth approximately $2,281,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Walker & Dunlop by 16.9% in the 2nd quarter. Wells Fargo & Company MN now owns 184,396 shares of the financial services provider’s stock worth $9,004,000 after purchasing an additional 26,721 shares during the period. Hedge funds and other institutional investors own 77.25% of the company’s stock.

Walker & Dunlop, Inc. (NYSE:WD) opened at 53.61 on Wednesday. The company’s 50-day moving average price is $49.02 and its 200-day moving average price is $47.77. The stock has a market cap of $1.68 billion, a PE ratio of 11.85 and a beta of 1.37. Walker & Dunlop, Inc. has a 12-month low of $23.61 and a 12-month high of $54.58.

Walker & Dunlop (NYSE:WD) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.02. The company had revenue of $166.40 million during the quarter, compared to analysts’ expectations of $167.51 million. Walker & Dunlop had a return on equity of 22.86% and a net margin of 21.91%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 earnings per share. On average, equities analysts expect that Walker & Dunlop, Inc. will post $4.54 EPS for the current fiscal year.

In other Walker & Dunlop news, Director Dana L. Schmaltz bought 2,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was bought at an average price of $47.85 per share, with a total value of $95,700.00. Following the completion of the purchase, the director now directly owns 44,983 shares in the company, valued at $2,152,436.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dana L. Schmaltz bought 1,000 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were acquired at an average cost of $45.10 per share, with a total value of $45,100.00. Following the purchase, the director now owns 47,983 shares of the company’s stock, valued at $2,164,033.30. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 4,000 shares of company stock valued at $186,850. 11.70% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: This story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/11/blackrock-inc-sells-481581-shares-of-walker-dunlop-inc-wd.html.

WD has been the subject of a number of recent research reports. BidaskClub upgraded Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th. Zacks Investment Research cut Walker & Dunlop from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. Keefe, Bruyette & Woods set a $49.00 price objective on Walker & Dunlop and gave the company a “hold” rating in a report on Wednesday, August 2nd. Finally, JMP Securities

Several other institutional investors also recently made changes to their positions in the company. Teachers Advisors LLC boosted its holdings in shares of Walker & Dunlop by 13.3% in the 2nd quarter. Teachers Advisors LLC now owns 515,171 shares of the financial services provider’s stock worth $25,156,000 after purchasing an additional 60,675 shares during the period. Riverhead Capital Management LLC boosted its holdings in shares of Walker & Dunlop by 68.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,698 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 1,098 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Walker & Dunlop by 9.0% in the 2nd quarter. Alliancebernstein L.P. now owns 109,795 shares of the financial services provider’s stock worth $5,361,000 after purchasing an additional 9,020 shares during the period. Systematic Financial Management LP purchased a new position in shares of Walker & Dunlop in the 2nd quarter worth approximately $2,281,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Walker & Dunlop by 16.9% in the 2nd quarter. Wells Fargo & Company MN now owns 184,396 shares of the financial services provider’s stock worth $9,004,000 after purchasing an additional 26,721 shares during the period. Hedge funds and other institutional investors own 77.25% of the company’s stock.

Walker & Dunlop, Inc. (NYSE:WD) opened at 53.61 on Wednesday. The company’s 50-day moving average price is $49.02 and its 200-day moving average price is $47.77. The stock has a market cap of $1.68 billion, a PE ratio of 11.85 and a beta of 1.37. Walker & Dunlop, Inc. has a 12-month low of $23.61 and a 12-month high of $54.58.

Walker & Dunlop (NYSE:WD) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.02. The company had revenue of $166.40 million during the quarter, compared to analysts’ expectations of $167.51 million. Walker & Dunlop had a return on equity of 22.86% and a net margin of 21.91%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 earnings per share. On average, equities analysts expect that Walker & Dunlop, Inc. will post $4.54 EPS for the current fiscal year.

In other Walker & Dunlop news, Director Dana L. Schmaltz bought 2,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was bought at an average price of $47.85 per share, with a total value of $95,700.00. Following the completion of the purchase, the director now directly owns 44,983 shares in the company, valued at $2,152,436.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dana L. Schmaltz bought 1,000 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were acquired at an average cost of $45.10 per share, with a total value of $45,100.00. Following the purchase, the director now owns 47,983 shares of the company’s stock, valued at $2,164,033.30. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 4,000 shares of company stock valued at $186,850. 11.70% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: This story was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/10/11/blackrock-inc-sells-481581-shares-of-walker-dunlop-inc-wd.html.

WD has been the subject of a number of recent research reports. BidaskClub upgraded Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th. Zacks Investment Research cut Walker & Dunlop from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. Keefe, Bruyette & Woods set a $49.00 price objective on Walker & Dunlop and gave the company a “hold” rating in a report on Wednesday, August 2nd. Finally, JMP Securities upgraded Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a report on Thursday, August 3rd. Four 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. The stock has a consensus rating of “Buy” and an average price target of $44.00.

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.

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

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