1 week Ago By ABMN Staff
JPMorgan Chase & Co. increased its holdings in shares of Western Alliance Bancorporation ( NYSE:WAL – Free Report ) by 33.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 254,902 shares of the financial services provider’s stock after buying an additional 63,714 shares during the period. JPMorgan Chase & Co.’s holdings in Western Alliance Bancorporation were worth $21,295,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of WAL. Principal Financial Group Inc. grew its holdings in Western Alliance Bancorporation by 6,342.
7% during the 3rd quarter. Principal Financial Group Inc. now owns 514,768 shares of the financial services provider’s stock worth $44,522,000 after acquiring an additional 506,778 shares during the period.
Retirement Systems of Alabama bought a new position in shares of Western Alliance Bancorporation in the 3rd quarter worth $11,461,000. Geode Capital Management LLC grew its stake in shares of Western Alliance Bancorporation by 6.9% during the third quarter.
Geode Capital Management LLC now owns 1,880,681 shares of the financial services provider’s stock worth $162,701,000 after purchasing an additional 120,729 shares during the period. Proficio Capital Partners LLC bought a new stake in Western Alliance Bancorporation in the fourth quarter valued at about $7,377,000. Finally, Vaughan Nelson Investment Management L.
P. lifted its stake in Western Alliance Bancorporation by 4.5% in the fourth quarter.
Vaughan Nelson Investment Management L.P. now owns 1,883,743 shares of the financial services provider’s stock valued at $157,369,000 after buying an additional 81,238 shares during the period.
79.15% of the stock is currently owned by institutional investors and hedge funds. Western Alliance Bancorporation Trading Down 8.
3 % NYSE:WAL opened at $62.87 on Friday. The company has a market cap of $6.
94 billion, a P/E ratio of 8.85, a price-to-earnings-growth ratio of 0.63 and a beta of 1.
29. Western Alliance Bancorporation has a twelve month low of $53.75 and a twelve month high of $98.
10. The business has a 50 day moving average price of $79.44 and a two-hundred day moving average price of $84.
70. The company has a quick ratio of 0.82, a current ratio of 0.
85 and a debt-to-equity ratio of 0.61. Western Alliance Bancorporation Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Friday, February 28th.
Investors of record on Friday, February 14th were given a dividend of $0.38 per share. The ex-dividend date was Friday, February 14th.
This represents a $1.52 annualized dividend and a yield of 2.42%.
Western Alliance Bancorporation’s dividend payout ratio (DPR) is presently 21.41%. Wall Street Analysts Forecast Growth Several equities analysts have recently issued reports on the company.
DA Davidson decreased their target price on Western Alliance Bancorporation from $110.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th.
StockNews.com raised shares of Western Alliance Bancorporation from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Barclays cut their target price on shares of Western Alliance Bancorporation from $107.
00 to $97.00 and set an “overweight” rating on the stock in a report on Tuesday. JPMorgan Chase & Co.
decreased their price target on shares of Western Alliance Bancorporation from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th.
Finally, Stephens reiterated an “overweight” rating and set a $103.00 target price on shares of Western Alliance Bancorporation in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company.
According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.40.
Check Out Our Latest Analysis on Western Alliance Bancorporation About Western Alliance Bancorporation ( Free Report ) Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services.
Featured Articles Want to see what other hedge funds are holding WAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Alliance Bancorporation ( NYSE:WAL – Free Report ). Receive News & Ratings for Western Alliance Bancorporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Alliance Bancorporation and related companies with MarketBeat.
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