Cornerstone Investment Partners LLC Buys 228 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Cornerstone Investment Partners LLC raised its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 3.4% in the 4th quarter, Holdings Channel reports. The firm owned 6,983 shares of the financial services provider’s stock after acquiring an additional 228 shares during the period. Cornerstone Investment Partners LLC’s holdings in Walker & Dunlop were worth $679,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Walker & Dunlop by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 460,122 shares of the financial services provider’s stock valued at $44,728,000 after purchasing an additional 8,915 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Walker & Dunlop by 230.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the financial services provider’s stock valued at $72,000 after buying an additional 524 shares in the last quarter. Versor Investments LP raised its position in shares of Walker & Dunlop by 3.8% during the 4th quarter. Versor Investments LP now owns 3,426 shares of the financial services provider’s stock valued at $333,000 after buying an additional 126 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Walker & Dunlop by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 348,456 shares of the financial services provider’s stock valued at $33,873,000 after buying an additional 4,152 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of Walker & Dunlop by 14.0% during the 4th quarter. Handelsbanken Fonder AB now owns 7,351 shares of the financial services provider’s stock valued at $715,000 after buying an additional 900 shares in the last quarter. Institutional investors own 80.97% of the company’s stock.

Walker & Dunlop Trading Down 2.2 %

Shares of NYSE WD opened at $83.80 on Tuesday. The firm’s 50-day moving average price is $92.16 and its 200-day moving average price is $102.78. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 26.27 and a beta of 1.55. Walker & Dunlop, Inc. has a 12-month low of $81.98 and a 12-month high of $118.19.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.18). Walker & Dunlop had a return on equity of 9.64% and a net margin of 9.55%. The firm had revenue of $341.45 million during the quarter, compared to analysts’ expectations of $316.82 million. On average, equities analysts predict that Walker & Dunlop, Inc. will post 4.97 EPS for the current fiscal year.

Walker & Dunlop Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.67 dividend. This is a positive change from Walker & Dunlop’s previous quarterly dividend of $0.65. This represents a $2.68 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Friday, February 28th. Walker & Dunlop’s dividend payout ratio is 84.01%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods decreased their target price on shares of Walker & Dunlop from $120.00 to $105.00 and set a “market perform” rating on the stock in a research report on Friday, February 14th.

Walker & Dunlop Profile

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.