Cresset Asset Management LLC Has $1.45 Million Holdings in Walker & Dunlop, Inc. (NYSE:WD)

Cresset Asset Management LLC trimmed its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,955 shares of the financial services provider’s stock after selling 1,410 shares during the quarter. Cresset Asset Management LLC’s holdings in Walker & Dunlop were worth $1,454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of WD. Gallagher Fiduciary Advisors LLC increased its stake in shares of Walker & Dunlop by 17.2% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 3,993 shares of the financial services provider’s stock valued at $388,000 after buying an additional 586 shares in the last quarter. Davidson Kahn Capital Management LLC acquired a new stake in shares of Walker & Dunlop in the fourth quarter valued at approximately $2,628,000. Northern Trust Corp raised its position in Walker & Dunlop by 6.4% in the 4th quarter. Northern Trust Corp now owns 437,665 shares of the financial services provider’s stock worth $42,545,000 after purchasing an additional 26,461 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Walker & Dunlop during the 4th quarter worth $231,000. Finally, T. Rowe Price Investment Management Inc. boosted its position in Walker & Dunlop by 0.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,197,571 shares of the financial services provider’s stock valued at $116,416,000 after buying an additional 8,683 shares during the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

Walker & Dunlop Stock Down 1.1 %

Shares of Walker & Dunlop stock opened at $70.79 on Friday. The stock has a market cap of $2.41 billion, a PE ratio of 22.19 and a beta of 1.64. The business has a fifty day simple moving average of $79.42 and a 200 day simple moving average of $92.45. Walker & Dunlop, Inc. has a 12 month low of $69.59 and a 12 month high of $118.19.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.13). Walker & Dunlop had a net margin of 9.55% and a return on equity of 9.64%. The firm had revenue of $237.37 million for the quarter, compared to analyst estimates of $260.43 million. During the same quarter in the prior year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. Analysts expect that Walker & Dunlop, Inc. will post 4.97 EPS for the current fiscal year.

Walker & Dunlop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a $0.67 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.68 dividend on an annualized basis and a yield of 3.79%. Walker & Dunlop’s payout ratio is 91.78%.

Insiders Place Their Bets

In other Walker & Dunlop news, CEO William M. Walker acquired 17,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of $86.21 per share, for a total transaction of $1,508,675.00. Following the transaction, the chief executive officer now owns 411,271 shares of the company’s stock, valued at $35,455,672.91. This trade represents a 4.44 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WD. StockNews.com lowered Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods cut their target price on shares of Walker & Dunlop from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th.

Walker & Dunlop Company 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.