Janus Henderson Group PLC Has $164.02 Million Stock Position in Western Alliance Bancorporation (NYSE:WAL)

Janus Henderson Group PLC boosted its holdings in shares of Western Alliance Bancorporation (NYSE:WAL) by 4.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,896,377 shares of the financial services provider’s stock after buying an additional 74,956 shares during the period. Janus Henderson Group PLC owned approximately 1.72% of Western Alliance Bancorporation worth $164,019,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in Western Alliance Bancorporation in the 3rd quarter worth about $31,000. ORG Wealth Partners LLC acquired a new position in Western Alliance Bancorporation in the 3rd quarter worth about $33,000. ORG Partners LLC acquired a new position in Western Alliance Bancorporation in the 2nd quarter worth about $36,000. UMB Bank n.a. increased its position in Western Alliance Bancorporation by 136.8% in the 3rd quarter. UMB Bank n.a. now owns 431 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 249 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Western Alliance Bancorporation by 58.4% in the 3rd quarter. Blue Trust Inc. now owns 507 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 187 shares during the last quarter. 79.15% of the stock is owned by institutional investors and hedge funds.

Western Alliance Bancorporation Stock Performance

WAL opened at $92.32 on Thursday. The firm has a market capitalization of $10.16 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 1.47 and a beta of 1.45. The stock’s 50 day moving average price is $88.14 and its two-hundred day moving average price is $77.27. 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 has a 12-month low of $53.22 and a 12-month high of $98.10.

Western Alliance Bancorporation (NYSE:WAL) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10). Western Alliance Bancorporation had a return on equity of 13.16% and a net margin of 14.66%. The firm had revenue of $833.10 million during the quarter, compared to the consensus estimate of $811.40 million. On average, equities analysts forecast that Western Alliance Bancorporation will post 7.14 earnings per share for the current year.

Western Alliance Bancorporation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.65%. This is an increase from Western Alliance Bancorporation’s previous quarterly dividend of $0.37. Western Alliance Bancorporation’s dividend payout ratio (DPR) is currently 23.46%.

Analysts Set New Price Targets

Several brokerages have weighed in on WAL. StockNews.com lowered Western Alliance Bancorporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th. Stephens reaffirmed an “overweight” rating and issued a $102.00 target price on shares of Western Alliance Bancorporation in a research report on Friday, October 18th. Truist Financial lowered their price objective on Western Alliance Bancorporation from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, October 21st. JPMorgan Chase & Co. lowered their price objective on Western Alliance Bancorporation from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Finally, Wedbush increased their price objective on Western Alliance Bancorporation from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.40.

Insiders Place Their Bets

In other Western Alliance Bancorporation news, Director Robert P. Latta sold 2,996 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $82.75, for a total value of $247,919.00. Following the completion of the sale, the director now owns 4,056 shares in the company, valued at approximately $335,634. This trade represents a 42.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.75% of the company’s stock.

Western Alliance Bancorporation Company Profile

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.