PNC Financial Services Group Inc. Buys 846 Shares of Walker & Dunlop, Inc. (NYSE:WD)

PNC Financial Services Group Inc. increased its stake in Walker & Dunlop, Inc. (NYSE:WD) by 23.1% during the first quarter, Holdings Channel reports. The firm owned 4,506 shares of the financial services provider’s stock after acquiring an additional 846 shares during the period. PNC Financial Services Group Inc.’s holdings in Walker & Dunlop were worth $385,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of WD. GAMMA Investing LLC boosted its stake in Walker & Dunlop by 26.1% in the first quarter. GAMMA Investing LLC now owns 764 shares of the financial services provider’s stock valued at $65,000 after buying an additional 158 shares in the last quarter. Versant Capital Management Inc boosted its stake in Walker & Dunlop by 90.5% in the first quarter. Versant Capital Management Inc now owns 383 shares of the financial services provider’s stock valued at $33,000 after buying an additional 182 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in Walker & Dunlop by 5.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,362 shares of the financial services provider’s stock valued at $327,000 after buying an additional 187 shares in the last quarter. Mariner LLC boosted its stake in Walker & Dunlop by 4.6% in the fourth quarter. Mariner LLC now owns 4,886 shares of the financial services provider’s stock valued at $475,000 after buying an additional 213 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in Walker & Dunlop by 122.0% in the first quarter. Parallel Advisors LLC now owns 444 shares of the financial services provider’s stock valued at $38,000 after buying an additional 244 shares in the last quarter. Institutional investors own 80.97% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen raised Walker & Dunlop from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 9th. Wedbush reaffirmed a “neutral” rating and issued a $90.00 price objective on shares of Walker & Dunlop in a research note on Thursday. Finally, Keefe, Bruyette & Woods reduced their price objective on Walker & Dunlop from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th.

Walker & Dunlop Trading Down 0.3%

Shares of WD stock opened at $84.38 on Friday. The business’s 50-day moving average price is $73.72 and its 200-day moving average price is $77.99. 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 $2.87 billion, a price-to-earnings ratio of 26.04 and a beta of 1.57.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Thursday, August 7th. The financial services provider reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.14). Walker & Dunlop had a net margin of 9.27% and a return on equity of 8.81%. The firm had revenue of $319.24 million for the quarter, compared to analyst estimates of $275.84 million. During the same period in the previous year, the business posted $1.23 earnings per share. The business’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 fiscal year.

Walker & Dunlop Dividend Announcement

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

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.