Citigroup Inc. lowered its stake in Walker & Dunlop, Inc. (NYSE:WD) by 14.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,229 shares of the financial services provider’s stock after selling 4,615 shares during the quarter. Citigroup Inc. owned about 0.09% of Walker & Dunlop worth $1,329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Meeder Asset Management Inc. lifted its stake in Walker & Dunlop by 226.2% during the second quarter. Meeder Asset Management Inc. now owns 2,629 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 1,823 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Walker & Dunlop by 68.6% during the second quarter. Riverhead Capital Management LLC now owns 2,698 shares of the financial services provider’s stock worth $132,000 after buying an additional 1,098 shares during the period. Cypress Capital Management LLC WY boosted its position in shares of Walker & Dunlop by 72.8% during the second quarter. Cypress Capital Management LLC WY now owns 2,730 shares of the financial services provider’s stock worth $133,000 after buying an additional 1,150 shares during the period. LS Investment Advisors LLC boosted its position in shares of Walker & Dunlop by 1.5% during the second quarter. LS Investment Advisors LLC now owns 3,165 shares of the financial services provider’s stock worth $155,000 after buying an additional 47 shares during the period. Finally, GW&K Investment Management LLC purchased a new position in shares of Walker & Dunlop during the second quarter worth $203,000. 77.25% of the stock is currently owned by institutional investors.

In other Walker & Dunlop news, Director Dana L. Schmaltz acquired 2,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 44,983 shares of the company’s stock, valued at $2,152,436.55. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dana L. Schmaltz acquired 1,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was acquired at an average cost of $45.10 per share, with a total value of $45,100.00. Following the transaction, the director now directly owns 47,983 shares of the company’s stock, valued at $2,164,033.30. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 4,000 shares of company stock worth $186,850. 11.70% of the stock is currently owned by corporate insiders.

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Shares of Walker & Dunlop, Inc. (WD) opened at 53.85 on Wednesday. The stock has a market capitalization of $1.68 billion, a P/E ratio of 11.90 and a beta of 1.37. The company’s 50-day moving average is $48.12 and its 200 day moving average is $47.35. Walker & Dunlop, Inc. has a 52 week low of $23.61 and a 52 week high of $53.88.

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 Zacks’ consensus estimate of $1.06 by $0.02. Walker & Dunlop had a net margin of 21.91% and a return on equity of 22.86%. The firm had revenue of $166.40 million during the quarter, compared to the consensus estimate of $167.51 million. During the same quarter in the prior year, the company earned $1.05 EPS. The company’s revenue was up 12.5% on a year-over-year basis. On average, equities analysts forecast that Walker & Dunlop, Inc. will post $4.54 EPS for the current fiscal year.

Several equities research analysts recently issued reports on the company. JMP Securities upgraded Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a report on Thursday, August 3rd. Keefe, Bruyette & Woods set a $49.00 target price on Walker & Dunlop and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub lowered Walker & Dunlop from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research cut Walker & Dunlop from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Walker & Dunlop currently has an average rating of “Buy” and a consensus price target of $47.00.

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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