Victory Capital Management Inc. lessened its stake in Walker & Dunlop, Inc. (NYSE:WD) by 33.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 434,069 shares of the financial services provider’s stock after selling 218,145 shares during the period. Victory Capital Management Inc. owned about 1.40% of Walker & Dunlop worth $24,156,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of Walker & Dunlop by 1.3% during the 1st quarter. Principal Financial Group Inc. now owns 238,245 shares of the financial services provider’s stock worth $14,156,000 after buying an additional 3,132 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Walker & Dunlop during the 4th quarter worth approximately $596,000. Eaton Vance Management raised its stake in shares of Walker & Dunlop by 80.5% during the 1st quarter. Eaton Vance Management now owns 40,919 shares of the financial services provider’s stock worth $2,431,000 after buying an additional 18,253 shares during the period. WBI Investments Inc. acquired a new position in shares of Walker & Dunlop during the 1st quarter worth approximately $5,671,000. Finally, Cambria Investment Management L.P. acquired a new position in shares of Walker & Dunlop during the 1st quarter worth approximately $260,000. Institutional investors and hedge funds own 79.47% of the company’s stock.

In related news, EVP Richard M. Lucas sold 8,122 shares of the stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $56.15, for a total value of $456,050.30. Following the completion of the transaction, the executive vice president now directly owns 121,992 shares of the company’s stock, valued at approximately $6,849,850.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Howard W. Smith III sold 25,000 shares of the firm’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $56.20, for a total value of $1,405,000.00. Following the completion of the sale, the president now directly owns 681,406 shares of the company’s stock, valued at $38,295,017.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 236,563 shares of company stock valued at $13,367,137. 11.23% of the stock is owned by corporate insiders.

Several research analysts have recently weighed in on WD shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $66.00 target price on shares of Walker & Dunlop in a research note on Monday, April 23rd. Compass Point raised Walker & Dunlop from a “neutral” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Wednesday, May 2nd. ValuEngine downgraded Walker & Dunlop from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Wedbush upped their target price on Walker & Dunlop from $50.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, June 18th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Walker & Dunlop currently has an average rating of “Hold” and an average price target of $63.00.

NYSE WD opened at $53.95 on Friday. Walker & Dunlop, Inc. has a one year low of $42.66 and a one year high of $61.44. The company has a debt-to-equity ratio of 1.62, a current ratio of 6.99 and a quick ratio of 6.99. The firm has a market capitalization of $1.72 billion, a P/E ratio of 11.33 and a beta of 0.89.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $1.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.06). Walker & Dunlop had a net margin of 29.63% and a return on equity of 18.89%. The firm had revenue of $178.20 million during the quarter, compared to analyst estimates of $182.79 million. During the same period in the prior year, the company posted $1.08 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Investors of record on Friday, August 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, August 16th. Walker & Dunlop’s dividend payout ratio is currently 21.01%.

About Walker & Dunlop

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate loans for owners and developers of real estate in the United States. The company offers multifamily properties and commercial real estate finance products, such as first mortgage loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans.

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

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