Truist Financial Corp Purchases New Shares in Walker & Dunlop, Inc. (NYSE:WD)

Truist Financial Corp bought a new position in Walker & Dunlop, Inc. (NYSE:WDFree Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 2,043 shares of the financial services provider’s stock, valued at approximately $227,000.

Other large investors have also recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in shares of Walker & Dunlop by 4,480.2% in the 3rd quarter. Victory Capital Management Inc. now owns 397,149 shares of the financial services provider’s stock worth $29,484,000 after purchasing an additional 388,478 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Walker & Dunlop by 960.7% in the third quarter. Assenagon Asset Management S.A. now owns 201,387 shares of the financial services provider’s stock worth $14,951,000 after acquiring an additional 182,401 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Walker & Dunlop by 7,867.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 73,461 shares of the financial services provider’s stock valued at $8,155,000 after acquiring an additional 72,539 shares in the last quarter. Moody Aldrich Partners LLC purchased a new position in shares of Walker & Dunlop in the 3rd quarter worth about $3,644,000. Finally, Sequoia Financial Advisors LLC boosted its stake in Walker & Dunlop by 16.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 296,015 shares of the financial services provider’s stock worth $21,976,000 after purchasing an additional 42,160 shares in the last quarter. Institutional investors own 80.97% of the company’s stock.

Walker & Dunlop Stock Performance

WD opened at $99.76 on Wednesday. The company’s 50-day simple moving average is $95.11 and its two-hundred day simple moving average is $94.64. The stock has a market capitalization of $3.36 billion, a P/E ratio of 36.41 and a beta of 1.54. Walker & Dunlop, Inc. has a 52-week low of $62.51 and a 52-week high of $113.67.

Walker & Dunlop (NYSE:WDGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.36. Walker & Dunlop had a net margin of 8.87% and a return on equity of 9.16%. The company had revenue of $228.10 million for the quarter, compared to the consensus estimate of $251.82 million. During the same quarter in the prior year, the firm earned $1.17 earnings per share. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. Research analysts forecast that Walker & Dunlop, Inc. will post 5.35 EPS for the current fiscal year.

Walker & Dunlop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.61%. Walker & Dunlop’s dividend payout ratio (DPR) is currently 94.89%.

Insider Buying and Selling

In other Walker & Dunlop news, CFO Gregory Florkowski sold 4,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $96.45, for a total value of $385,800.00. Following the transaction, the chief financial officer now owns 11,809 shares of the company’s stock, valued at $1,138,978.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Howard W. Smith III sold 20,166 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $93.56, for a total value of $1,886,730.96. Following the completion of the sale, the director now directly owns 191,508 shares in the company, valued at approximately $17,917,488.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gregory Florkowski sold 4,000 shares of Walker & Dunlop stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $96.45, for a total value of $385,800.00. Following the transaction, the chief financial officer now owns 11,809 shares in the company, valued at $1,138,978.05. The disclosure for this sale can be found here. Insiders sold 28,699 shares of company stock valued at $2,713,728 over the last 90 days. Company insiders own 5.47% of the company’s stock.

Analyst Upgrades and Downgrades

WD has been the subject of a number of analyst reports. StockNews.com lowered shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Wedbush restated a “neutral” rating and issued a $95.00 price objective on shares of Walker & Dunlop in a report on Friday, May 3rd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $105.00 target price on shares of Walker & Dunlop in a research note on Tuesday, March 26th.

Check Out Our Latest Research Report on Walker & Dunlop

Walker & Dunlop Profile

(Free Report)

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.

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Institutional Ownership by Quarter for Walker & Dunlop (NYSE:WD)

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