Walker & Dunlop, Inc. (NYSE:WD) Stake Decreased by Synergy Financial Group LTD

Synergy Financial Group LTD trimmed its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,210 shares of the financial services provider’s stock after selling 391 shares during the quarter. Synergy Financial Group LTD’s holdings in Walker & Dunlop were worth $798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in WD. State Street Corp lifted its stake in shares of Walker & Dunlop by 1.3% in the 3rd quarter. State Street Corp now owns 1,434,370 shares of the financial services provider’s stock worth $162,930,000 after acquiring an additional 18,461 shares during the period. Victory Capital Management Inc. lifted its position in Walker & Dunlop by 33.1% in the third quarter. Victory Capital Management Inc. now owns 1,415,479 shares of the financial services provider’s stock worth $160,784,000 after purchasing an additional 351,957 shares during the period. FMR LLC boosted its stake in Walker & Dunlop by 48.7% during the 3rd quarter. FMR LLC now owns 1,227,874 shares of the financial services provider’s stock valued at $139,474,000 after purchasing an additional 402,313 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Walker & Dunlop by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 451,207 shares of the financial services provider’s stock valued at $51,253,000 after purchasing an additional 3,099 shares during the period. Finally, Erste Asset Management GmbH bought a new stake in shares of Walker & Dunlop in the 3rd quarter worth $19,843,000. 80.97% of the stock is currently owned by institutional investors and hedge funds.

Walker & Dunlop Price Performance

WD stock opened at $82.04 on Tuesday. The firm has a market cap of $2.77 billion, a PE ratio of 25.72 and a beta of 1.55. Walker & Dunlop, Inc. has a 12 month low of $81.97 and a 12 month high of $118.19. The firm has a 50 day simple moving average of $94.10 and a 200 day simple moving average of $103.53.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.18). The company had revenue of $341.45 million for the quarter, compared to analyst estimates of $316.82 million. Walker & Dunlop had a net margin of 9.55% and a return on equity of 9.64%. As a group, sell-side analysts expect that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current year.

Walker & Dunlop Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.67 dividend. This is a positive change from Walker & Dunlop’s previous quarterly dividend of $0.65. The ex-dividend date is Friday, February 28th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.27%. Walker & Dunlop’s dividend payout ratio (DPR) is 81.50%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods decreased their target price on Walker & Dunlop from $120.00 to $105.00 and set a “market perform” rating for the company in a research note on Friday, February 14th.

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.