Burney Co. Boosts Stock Position in Walker & Dunlop, Inc. $WD

Burney Co. lifted its position in Walker & Dunlop, Inc. (NYSE:WD) by 22.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,528 shares of the financial services provider’s stock after purchasing an additional 1,004 shares during the quarter. Burney Co.’s holdings in Walker & Dunlop were worth $390,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Walker & Dunlop by 1.8% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,218,881 shares of the financial services provider’s stock worth $104,044,000 after purchasing an additional 21,310 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Walker & Dunlop by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 463,191 shares of the financial services provider’s stock worth $39,538,000 after purchasing an additional 3,069 shares in the last quarter. Royce & Associates LP grew its stake in shares of Walker & Dunlop by 257.2% during the first quarter. Royce & Associates LP now owns 282,688 shares of the financial services provider’s stock valued at $24,130,000 after buying an additional 203,542 shares during the last quarter. Tributary Capital Management LLC grew its stake in shares of Walker & Dunlop by 18.6% during the second quarter. Tributary Capital Management LLC now owns 168,338 shares of the financial services provider’s stock valued at $11,864,000 after buying an additional 26,456 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Walker & Dunlop by 2.4% during the first quarter. Principal Financial Group Inc. now owns 160,069 shares of the financial services provider’s stock valued at $13,663,000 after buying an additional 3,805 shares during the last quarter. 80.97% of the stock is currently owned by hedge funds and other institutional investors.

Walker & Dunlop Trading Down 0.2%

Shares of NYSE WD opened at $80.08 on Thursday. Walker & Dunlop, Inc. has a 12 month low of $64.48 and a 12 month high of $118.19. The firm has a market capitalization of $2.73 billion, a PE ratio of 24.72 and a beta of 1.66. The firm has a fifty day simple moving average of $83.53 and a two-hundred day simple moving average of $77.40.

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

Insider Buying and Selling

In other Walker & Dunlop news, EVP Paula A. Pryor sold 5,336 shares of the company’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $86.20, for a total value of $459,963.20. Following the completion of the transaction, the executive vice president directly owned 9,341 shares in the company, valued at approximately $805,194.20. This represents a 36.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.66% of the company’s stock.

Wall Street Analyst Weigh In

WD has been the topic of a number of recent research reports. Citigroup raised Walker & Dunlop to an “outperform” rating in a research note on Friday, October 10th. Wedbush reaffirmed a “neutral” rating and set a $90.00 price objective on shares of Walker & Dunlop in a research note on Thursday, August 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Walker & Dunlop in a research note on Wednesday, October 8th. Citizens Jmp raised Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $95.00 price objective on the stock in a research note on Friday, October 10th. Finally, Keefe, Bruyette & Woods raised their price objective on Walker & Dunlop from $95.00 to $97.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $94.25.

About Walker & Dunlop

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.