Voya Investment Management LLC Has $71.38 Million Holdings in Western Alliance Bancorporation $WAL

Voya Investment Management LLC lifted its stake in shares of Western Alliance Bancorporation (NYSE:WAL) by 7.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 823,071 shares of the financial services provider’s stock after purchasing an additional 55,933 shares during the quarter. Voya Investment Management LLC owned 0.75% of Western Alliance Bancorporation worth $71,377,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. boosted its stake in shares of Western Alliance Bancorporation by 995.8% during the second quarter. Hantz Financial Services Inc. now owns 526 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 478 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Western Alliance Bancorporation by 241.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 713 shares of the financial services provider’s stock valued at $56,000 after buying an additional 504 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Western Alliance Bancorporation during the first quarter worth approximately $58,000. EverSource Wealth Advisors LLC raised its holdings in Western Alliance Bancorporation by 128.3% during the second quarter. EverSource Wealth Advisors LLC now owns 840 shares of the financial services provider’s stock worth $66,000 after buying an additional 472 shares during the last quarter. Finally, WFA of San Diego LLC acquired a new stake in shares of Western Alliance Bancorporation in the 2nd quarter worth about $78,000. Institutional investors and hedge funds own 79.15% of the company’s stock.

Insider Activity

In other Western Alliance Bancorporation news, CFO Dale Gibbons bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was bought at an average price of $77.00 per share, for a total transaction of $308,000.00. Following the completion of the acquisition, the chief financial officer directly owned 300,358 shares in the company, valued at $23,127,566. The trade was a 1.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.68% of the company’s stock.

Wall Street Analysts Forecast Growth

WAL has been the topic of a number of analyst reports. National Bankshares set a $118.00 price objective on shares of Western Alliance Bancorporation in a report on Wednesday, September 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Western Alliance Bancorporation in a research note on Monday. Cowen began coverage on shares of Western Alliance Bancorporation in a research note on Wednesday, September 24th. They set a “buy” rating on the stock. Citigroup restated a “neutral” rating on shares of Western Alliance Bancorporation in a research note on Tuesday, August 26th. Finally, UBS Group reduced their price target on shares of Western Alliance Bancorporation from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Thirteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $102.87.

Western Alliance Bancorporation Price Performance

Shares of NYSE:WAL opened at $86.22 on Friday. Western Alliance Bancorporation has a 52 week low of $57.05 and a 52 week high of $94.40. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.61. The company’s fifty day moving average is $80.14 and its 200 day moving average is $81.64. The stock has a market cap of $9.49 billion, a PE ratio of 10.66, a PEG ratio of 0.60 and a beta of 1.37.

Western Alliance Bancorporation (NYSE:WAL) last posted its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter. Western Alliance Bancorporation had a return on equity of 12.93% and a net margin of 17.14%.The business had revenue of $718.00 million for the quarter. Research analysts anticipate that Western Alliance Bancorporation will post 9.05 earnings per share for the current year.

Western Alliance Bancorporation Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Thursday, November 13th were paid a $0.42 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This is a boost from Western Alliance Bancorporation’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a dividend yield of 1.9%. Western Alliance Bancorporation’s payout ratio is 20.77%.

Western Alliance Bancorporation Company Profile

Western Alliance Bancorporation is a bank holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Western Alliance Bank, the company provides a range of banking services to commercial clients, entrepreneurs and real estate developers. As one of the largest regional banks in the western United States, it focuses on relationship-driven banking solutions tailored to niche industries and growing businesses.

The company’s core offerings include deposit products, treasury management and a variety of lending services.