Jane Street Group LLC bought a new position in Western Alliance Bancorporation (NYSE:WAL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,820 shares of the financial services provider’s stock, valued at approximately $468,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Western Alliance Bancorporation by 2.7% in the second quarter. Vanguard Group Inc. now owns 7,445,077 shares of the financial services provider’s stock worth $366,298,000 after buying an additional 195,031 shares in the last quarter. Swiss National Bank boosted its stake in Western Alliance Bancorporation by 6.3% in the second quarter. Swiss National Bank now owns 166,300 shares of the financial services provider’s stock worth $8,182,000 after buying an additional 9,900 shares in the last quarter. Nicholas Investment Partners LP boosted its stake in Western Alliance Bancorporation by 5.4% in the second quarter. Nicholas Investment Partners LP now owns 134,428 shares of the financial services provider’s stock worth $6,612,000 after buying an additional 6,944 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in Western Alliance Bancorporation by 532.8% in the second quarter. Eagle Asset Management Inc. now owns 721,972 shares of the financial services provider’s stock worth $35,521,000 after buying an additional 607,885 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Western Alliance Bancorporation by 0.7% in the second quarter. Rhumbline Advisers now owns 116,739 shares of the financial services provider’s stock worth $5,744,000 after buying an additional 859 shares in the last quarter. 81.82% of the stock is owned by institutional investors and hedge funds.

In related news, Director Marianne Boyd Johnson sold 4,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $54.42, for a total value of $217,680.00. Following the completion of the sale, the director now owns 3,295 shares of the company’s stock, valued at $179,313.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Robert Gary Sarver sold 50,000 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $56.22, for a total value of $2,811,000.00. Following the completion of the sale, the chairman now directly owns 54,000 shares of the company’s stock, valued at approximately $3,035,880. The disclosure for this sale can be found here. Insiders sold 173,000 shares of company stock valued at $9,611,590 in the last ninety days. 7.95% of the stock is currently owned by insiders.

Several brokerages have issued reports on WAL. ValuEngine lowered Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research lowered Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. SunTrust Banks increased their price objective on Western Alliance Bancorporation from $59.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Piper Jaffray Companies reissued a “buy” rating and set a $64.50 price objective on shares of Western Alliance Bancorporation in a research note on Tuesday, October 24th. Finally, Jefferies Group reissued a “buy” rating and set a $65.00 price objective on shares of Western Alliance Bancorporation in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $62.06.

Shares of Western Alliance Bancorporation (NYSE WAL) opened at $57.40 on Monday. The firm has a market capitalization of $6,055.13, a P/E ratio of 19.46, a PEG ratio of 1.65 and a beta of 1.76. Western Alliance Bancorporation has a 52 week low of $44.64 and a 52 week high of $60.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 0.89.

Western Alliance Bancorporation (NYSE:WAL) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. The firm had revenue of $211.50 million during the quarter, compared to analyst estimates of $212.27 million. Western Alliance Bancorporation had a return on equity of 15.37% and a net margin of 36.16%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 earnings per share. sell-side analysts forecast that Western Alliance Bancorporation will post 3.07 EPS for the current year.

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Western Alliance Bancorporation Company Profile

Western Alliance Bancorporation is a bank holding company. The Company provides a range of deposit, lending, treasury management, international banking and online banking products and services through its banking subsidiary, Western Alliance Bank (WAB or the Bank). The Company’s regional segments include Arizona, Nevada, Southern California and Northern California, which provide banking and related services to their respective markets.

Institutional Ownership by Quarter for Western Alliance Bancorporation (NYSE:WAL)

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