Bank of New York Mellon Corp decreased its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 11.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 376,633 shares of the financial services provider’s stock after selling 46,972 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.21% of Walker & Dunlop worth $18,392,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WD. Trexquant Investment LP acquired a new position in Walker & Dunlop in the first quarter valued at $346,000. Argent Capital Management LLC lifted its holdings in Walker & Dunlop by 4.4% in the first quarter. Argent Capital Management LLC now owns 112,325 shares of the financial services provider’s stock valued at $4,683,000 after buying an additional 4,750 shares during the period. OppenheimerFunds Inc. lifted its holdings in Walker & Dunlop by 14.4% in the first quarter. OppenheimerFunds Inc. now owns 11,387 shares of the financial services provider’s stock valued at $475,000 after buying an additional 1,432 shares during the period. BlackRock Inc. lifted its holdings in Walker & Dunlop by 21,018.7% in the first quarter. BlackRock Inc. now owns 4,186,367 shares of the financial services provider’s stock valued at $174,530,000 after buying an additional 4,166,544 shares during the period. Finally, Invictus RG acquired a new position in Walker & Dunlop in the first quarter valued at $469,000. 77.25% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th. JMP Securities upgraded shares of Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a report on Thursday, August 3rd. Keefe, Bruyette & Woods set a $49.00 target price on shares of Walker & Dunlop and gave the company a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research lowered shares of Walker & Dunlop from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, ValuEngine upgraded shares of Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $47.00.

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Walker & Dunlop, Inc. (WD) opened at 47.38 on Tuesday. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 10.47 and a beta of 1.40. Walker & Dunlop, Inc. has a one year low of $23.61 and a one year high of $53.43. The stock’s 50 day moving average is $47.42 and its 200 day moving average is $46.63.

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

In other Walker & Dunlop news, Director Dana L. Schmaltz purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was bought 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 in the company, valued at approximately $2,152,436.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dana L. Schmaltz purchased 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 47,983 shares in the company, valued at $2,164,033.30. The disclosure for this purchase can be found here. Insiders have bought a total of 4,000 shares of company stock worth $186,850 in the last ninety days. Insiders own 11.70% of the company’s stock.

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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