Cresset Asset Management LLC Has $1.33 Million Stock Holdings in Walker & Dunlop, Inc. $WD

Cresset Asset Management LLC lifted its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 3.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,535 shares of the financial services provider’s stock after buying an additional 580 shares during the period. Cresset Asset Management LLC’s holdings in Walker & Dunlop were worth $1,326,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sterling Capital Management LLC boosted its stake in shares of Walker & Dunlop by 456.4% during the 4th quarter. Sterling Capital Management LLC now owns 306 shares of the financial services provider’s stock worth $30,000 after buying an additional 251 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in shares of Walker & Dunlop during the 1st quarter worth about $27,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Walker & Dunlop during the 1st quarter worth about $32,000. Versant Capital Management Inc boosted its stake in shares of Walker & Dunlop by 90.5% during the 1st quarter. Versant Capital Management Inc now owns 383 shares of the financial services provider’s stock worth $33,000 after buying an additional 182 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Walker & Dunlop by 122.0% during the 1st quarter. Parallel Advisors LLC now owns 444 shares of the financial services provider’s stock worth $38,000 after buying an additional 244 shares during the last quarter. 80.97% of the stock is currently owned by institutional investors and hedge funds.

Walker & Dunlop Stock Performance

Shares of NYSE:WD opened at $84.3980 on Thursday. Walker & Dunlop, Inc. has a 52-week low of $64.48 and a 52-week high of $118.19. The company has a market capitalization of $2.88 billion, a P/E ratio of 26.05 and a beta of 1.57. The company has a 50-day simple moving average of $74.86 and a 200 day simple moving average of $77.67.

Walker & Dunlop (NYSE:WD) last issued its earnings results on Thursday, August 7th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.14). The firm had revenue of $319.24 million during the quarter, compared to analyst estimates of $275.84 million. Walker & Dunlop had a net margin of 9.27% and a return on equity of 8.81%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the business posted $1.23 earnings per share. As a group, equities analysts forecast that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current year.

Walker & Dunlop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.67 per share. The ex-dividend date is Thursday, August 21st. This represents a $2.68 annualized dividend and a yield of 3.2%. Walker & Dunlop’s dividend payout ratio (DPR) is 82.72%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WD shares. Wedbush reiterated a “neutral” rating and issued a $90.00 target price on shares of Walker & Dunlop in a research note on Thursday, August 14th. Wall Street Zen upgraded shares of Walker & Dunlop from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $92.50.

Walker & Dunlop Profile

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.