SG Americas Securities LLC acquired a new stake in Western Alliance Bancorporation (NYSE:WAL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,555 shares of the financial services provider’s stock, valued at approximately $348,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aperio Group LLC grew its stake in Western Alliance Bancorporation by 8.3% during the 2nd quarter. Aperio Group LLC now owns 15,769 shares of the financial services provider’s stock worth $776,000 after purchasing an additional 1,206 shares in the last quarter. NGAM Advisors L.P. grew its stake in Western Alliance Bancorporation by 7.8% during the 2nd quarter. NGAM Advisors L.P. now owns 17,790 shares of the financial services provider’s stock worth $875,000 after purchasing an additional 1,285 shares in the last quarter. TD Asset Management Inc. grew its stake in Western Alliance Bancorporation by 4.0% during the 2nd quarter. TD Asset Management Inc. now owns 114,558 shares of the financial services provider’s stock worth $5,636,000 after purchasing an additional 4,400 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Western Alliance Bancorporation by 4.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 400,718 shares of the financial services provider’s stock worth $19,716,000 after purchasing an additional 17,408 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Western Alliance Bancorporation by 8.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 8,014 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 613 shares in the last quarter. 81.82% of the stock is owned by institutional investors and hedge funds.

Western Alliance Bancorporation (NYSE:WAL) traded up $1.10 during trading on Friday, hitting $57.40. The stock had a trading volume of 1,664,924 shares, compared to its average volume of 530,811. Western Alliance Bancorporation has a fifty-two week low of $44.64 and a fifty-two week high of $60.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $5,939.09, a P/E ratio of 19.08, a P/E/G ratio of 1.62 and a beta of 1.76.

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

Several research analysts have recently issued reports on the company. Zacks Investment Research cut Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Barclays set a $62.00 price objective on Western Alliance Bancorporation and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Jefferies Group reaffirmed a “buy” rating on shares of Western Alliance Bancorporation in a research report on Tuesday, August 29th. ValuEngine cut Western Alliance Bancorporation from a “buy” rating to a “hold” rating in a research report on Friday. Finally, SunTrust Banks boosted their target price on Western Alliance Bancorporation from $59.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Western Alliance Bancorporation presently has a consensus rating of “Buy” and an average target price of $62.06.

In other Western Alliance Bancorporation news, Director Sung Won Sohn sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $55.89, for a total transaction of $279,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marianne Boyd Johnson sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $54.42, for a total value of $217,680.00. Following the sale, the director now directly owns 3,295 shares of the company’s stock, valued at $179,313.90. The disclosure for this sale can be found here. Insiders sold a total of 173,000 shares of company stock valued at $9,611,590 over the last three months. Company insiders own 7.95% of the company’s stock.

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Western Alliance Bancorporation 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.

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

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