Janus Henderson Group PLC Has $97.24 Million Stock Position in Western Alliance Bancorporation $WAL

Janus Henderson Group PLC lowered its holdings in shares of Western Alliance Bancorporation (NYSE:WAL) by 1.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,372,535 shares of the financial services provider’s stock after selling 22,742 shares during the period. Janus Henderson Group PLC’s holdings in Western Alliance Bancorporation were worth $97,242,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its position in shares of Western Alliance Bancorporation by 9.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,746,867 shares of the financial services provider’s stock valued at $735,350,000 after buying an additional 777,369 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Western Alliance Bancorporation by 7.9% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,450,408 shares of the financial services provider’s stock worth $542,286,000 after acquiring an additional 470,492 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Western Alliance Bancorporation by 3.4% during the 3rd quarter. Invesco Ltd. now owns 6,016,027 shares of the financial services provider’s stock worth $521,710,000 after acquiring an additional 197,854 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Western Alliance Bancorporation by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,813,995 shares of the financial services provider’s stock valued at $270,203,000 after acquiring an additional 36,534 shares during the period. Finally, Wellington Management Group LLP raised its stake in Western Alliance Bancorporation by 1.6% in the 3rd quarter. Wellington Management Group LLP now owns 2,288,233 shares of the financial services provider’s stock valued at $198,436,000 after acquiring an additional 36,364 shares during the period. Institutional investors own 79.15% of the company’s stock.

Insider Buying and Selling

In related news, CAO Ben Mucha sold 5,946 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $81.00, for a total transaction of $481,626.00. Following the transaction, the chief accounting officer directly owned 3,485 shares of the company’s stock, valued at approximately $282,285. This trade represents a 63.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.76% of the company’s stock.

Analyst Ratings Changes

WAL has been the subject of several research reports. Mizuho set a $96.00 price target on Western Alliance Bancorporation in a report on Thursday, July 23rd. JPMorgan Chase & Co. raised their target price on shares of Western Alliance Bancorporation from $90.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Stephens set a $95.00 target price on shares of Western Alliance Bancorporation and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Western Alliance Bancorporation from $93.00 to $94.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Finally, DA Davidson set a $36.00 price target on shares of Western Alliance Bancorporation in a research note on Wednesday, July 22nd. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Western Alliance Bancorporation currently has an average rating of “Moderate Buy” and a consensus target price of $94.82.

Western Alliance Bancorporation Stock Performance

WAL opened at $80.53 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.80. The business has a fifty day simple moving average of $81.00 and a 200 day simple moving average of $80.97. Western Alliance Bancorporation has a 1 year low of $65.82 and a 1 year high of $97.23. The company has a market capitalization of $8.79 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 0.78 and a beta of 1.34.

Western Alliance Bancorporation (NYSE:WAL) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $2.36 earnings per share for the quarter, hitting the consensus estimate of $2.36. Western Alliance Bancorporation had a return on equity of 13.40% and a net margin of 17.20%.The firm had revenue of $995.70 million for the quarter, compared to analysts’ expectations of $980.53 million. During the same quarter last year, the business earned $2.07 EPS. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. Research analysts expect that Western Alliance Bancorporation will post 9.16 EPS for the current year.

Western Alliance Bancorporation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a $0.42 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.68 annualized dividend and a dividend yield of 2.1%. Western Alliance Bancorporation’s dividend payout ratio is 18.92%.

About Western Alliance Bancorporation

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.