Legal & General Group Plc grew its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 11.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,815 shares of the financial services provider’s stock after buying an additional 6,031 shares during the quarter. Legal & General Group Plc owned 0.18% of Walker & Dunlop worth $2,972,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Walker & Dunlop during the third quarter valued at about $123,000. Riverhead Capital Management LLC grew its stake in shares of Walker & Dunlop by 68.6% in the second quarter. Riverhead Capital Management LLC now owns 2,698 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 1,098 shares during the last quarter. Flinton Capital Management LLC grew its stake in shares of Walker & Dunlop by 69.4% in the second quarter. Flinton Capital Management LLC now owns 3,570 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 1,462 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Walker & Dunlop by 38.8% in the third quarter. Meeder Asset Management Inc. now owns 3,648 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 1,019 shares during the last quarter. Finally, Advisor Group Inc. grew its stake in shares of Walker & Dunlop by 108.9% in the second quarter. Advisor Group Inc. now owns 3,912 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 2,039 shares during the last quarter. 77.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Walker & Dunlop, Inc. (NYSE WD) opened at $47.22 on Tuesday. 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 stock has a market capitalization of $1,470.00, a PE ratio of 10.22 and a beta of 1.37. Walker & Dunlop, Inc. has a 12 month low of $29.93 and a 12 month high of $56.46.

Walker & Dunlop (NYSE:WD) last posted its earnings results on Wednesday, November 8th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.09. Walker & Dunlop had a return on equity of 22.35% and a net margin of 21.81%. The company had revenue of $179.70 million for the quarter, compared to analysts’ expectations of $166.38 million. During the same period last year, the firm earned $0.96 earnings per share. Walker & Dunlop’s quarterly revenue was up 16.1% on a year-over-year basis. analysts predict that Walker & Dunlop, Inc. will post 4.49 EPS for the current fiscal year.

In other Walker & Dunlop news, CEO William M. Walker sold 38,663 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $47.74, for a total value of $1,845,771.62. Following the completion of the sale, the chief executive officer now directly owns 1,435,666 shares in the company, valued at $68,538,694.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dana L. Schmaltz acquired 1,000 shares of the stock in a transaction on Friday, November 10th. The stock was bought at an average price of $48.55 per share, with a total value of $48,550.00. The disclosure for this purchase can be found here. Insiders sold 136,791 shares of company stock valued at $6,738,013 over the last 90 days. 11.70% of the stock is currently owned by company insiders.

Several analysts recently issued reports on the company. Zacks Investment Research cut Walker & Dunlop from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $49.00 target price on shares of Walker & Dunlop in a research note on Thursday, October 12th. ValuEngine cut Walker & Dunlop from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, TheStreet cut Walker & Dunlop from a “b-” rating to a “c+” rating in a research note on Monday, December 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.50.

TRADEMARK VIOLATION NOTICE: “Legal & General Group Plc Buys 6,031 Shares of Walker & Dunlop, Inc. (WD)” was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://theolympiareport.com/2017/12/26/legal-general-group-plc-buys-6031-shares-of-walker-dunlop-inc-wd.html.

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.

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

Receive News & Ratings for Walker & Dunlop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walker & Dunlop and related companies with MarketBeat.com's FREE daily email newsletter.