KBC Group NV Raises Position in Walker & Dunlop, Inc. (WD)
KBC Group NV increased its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 138.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,989 shares of the financial services provider’s stock after acquiring an additional 30,748 shares during the quarter. KBC Group NV owned about 0.17% of Walker & Dunlop worth $2,773,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. LS Investment Advisors LLC boosted its position in shares of Walker & Dunlop by 29.0% during the third quarter. LS Investment Advisors LLC now owns 4,084 shares of the financial services provider’s stock worth $214,000 after acquiring an additional 919 shares during the last quarter. State Street Corp boosted its position in shares of Walker & Dunlop by 5.4% during the second quarter. State Street Corp now owns 680,099 shares of the financial services provider’s stock worth $33,209,000 after acquiring an additional 34,910 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Walker & Dunlop by 1.3% during the third quarter. Prudential Financial Inc. now owns 369,256 shares of the financial services provider’s stock worth $19,323,000 after acquiring an additional 4,820 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Walker & Dunlop during the third quarter worth $524,000. Finally, ClariVest Asset Management LLC lifted its position in Walker & Dunlop by 3.4% during the third quarter. ClariVest Asset Management LLC now owns 185,748 shares of the financial services provider’s stock valued at $9,720,000 after purchasing an additional 6,156 shares during the last quarter. Hedge funds and other institutional investors own 77.52% of the company’s stock.
In other news, President Howard W. Smith III sold 25,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $50.01, for a total value of $1,250,250.00. Following the sale, the president now owns 828,176 shares of the company’s stock, valued at $41,417,081.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Richard M. Lucas sold 20,000 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $48.21, for a total transaction of $964,200.00. Following the completion of the sale, the executive vice president now directly owns 163,068 shares in the company, valued at approximately $7,861,508.28. The disclosure for this sale can be found here. Insiders have sold 98,128 shares of company stock valued at $4,892,241 in the last quarter. 11.70% of the stock is owned by company insiders.
WD has been the subject of several research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $49.00 price objective on shares of Walker & Dunlop in a research report on Thursday, October 12th. Zacks Investment Research lowered shares of Walker & Dunlop from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. ValuEngine lowered shares of Walker & Dunlop from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, TheStreet lowered shares of Walker & Dunlop from a “b-” rating to a “c+” rating in a research report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $52.00.
Walker & Dunlop, Inc. (NYSE WD) traded up $0.71 during mid-day trading on Friday, reaching $48.93. 145,616 shares of the company’s stock traded hands, compared to its average volume of 240,708. Walker & Dunlop, Inc. has a fifty-two week low of $29.93 and a fifty-two week high of $56.46. The company has a quick ratio of 12.88, a current ratio of 12.88 and a debt-to-equity ratio of 4.84. The company has a market capitalization of $1,520.01, a price-to-earnings ratio of 10.52 and a beta of 1.37.
Walker & Dunlop (NYSE:WD) last released its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.09. Walker & Dunlop had a net margin of 21.81% and a return on equity of 22.35%. The business had revenue of $179.70 million during the quarter, compared to analyst estimates of $166.38 million. During the same quarter last year, the business earned $0.96 earnings per share. Walker & Dunlop’s quarterly revenue was up 16.1% compared to the same quarter last year. research analysts anticipate that Walker & Dunlop, Inc. will post 4.49 EPS for the current fiscal year.
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About Walker & Dunlop
Walker & Dunlop, Inc is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company originates, sells and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.
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