SG Americas Securities LLC Has $113,000 Stock Holdings in Western Alliance Bancorporation (NYSE:WAL)

SG Americas Securities LLC lowered its position in Western Alliance Bancorporation (NYSE:WAL - Free Report) by 98.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,710 shares of the financial services provider's stock after selling 92,180 shares during the period. SG Americas Securities LLC's holdings in Western Alliance Bancorporation were worth $113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp increased its position in Western Alliance Bancorporation by 44.4% in the 1st quarter. State Street Corp now owns 4,056,477 shares of the financial services provider's stock valued at $144,167,000 after acquiring an additional 1,246,855 shares in the last quarter. Norges Bank acquired a new position in Western Alliance Bancorporation during the 4th quarter worth $68,940,000. Barclays PLC boosted its position in Western Alliance Bancorporation by 489.0% in the 3rd quarter. Barclays PLC now owns 1,333,881 shares of the financial services provider's stock valued at $61,320,000 after buying an additional 1,107,431 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Western Alliance Bancorporation in the 1st quarter valued at $32,430,000. Finally, Wellington Management Group LLP raised its position in shares of Western Alliance Bancorporation by 21.5% during the first quarter. Wellington Management Group LLP now owns 4,971,314 shares of the financial services provider's stock worth $411,724,000 after acquiring an additional 880,430 shares during the last quarter. 79.15% of the stock is owned by institutional investors and hedge funds.

Western Alliance Bancorporation Trading Up 3.0 %

WAL stock traded up $1.70 during midday trading on Friday, hitting $57.44. 4,028,697 shares of the company's stock were exchanged, compared to its average volume of 913,744. Western Alliance Bancorporation has a one year low of $11.35 and a one year high of $70.23. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.93 and a current ratio of 0.96. The company has a market cap of $6.33 billion, a PE ratio of 8.37 and a beta of 1.47. The stock's fifty day moving average price is $59.50 and its 200-day moving average price is $56.51.

Western Alliance Bancorporation (NYSE:WAL - Get Free Report) last released its quarterly earnings data on Friday, April 19th. The financial services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.03. The business had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $711.34 million. Western Alliance Bancorporation had a return on equity of 14.99% and a net margin of 16.50%. During the same quarter in the previous year, the business posted $2.30 EPS. Research analysts predict that Western Alliance Bancorporation will post 7.88 earnings per share for the current fiscal year.

Western Alliance Bancorporation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a $0.37 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.48 annualized dividend and a yield of 2.58%. Western Alliance Bancorporation's dividend payout ratio is currently 21.57%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WAL shares. Stephens reiterated an "overweight" rating and issued a $82.00 price target on shares of Western Alliance Bancorporation in a report on Friday. Truist Financial reiterated a "buy" rating and set a $80.00 price target on shares of Western Alliance Bancorporation in a research report on Monday, April 1st. JPMorgan Chase & Co. dropped their price target on shares of Western Alliance Bancorporation from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, April 4th. DA Davidson reaffirmed a "buy" rating and issued a $85.00 price objective on shares of Western Alliance Bancorporation in a research note on Thursday, March 21st. Finally, Wedbush dropped their target price on shares of Western Alliance Bancorporation from $75.00 to $70.00 and set an "outperform" rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $71.36.

About Western Alliance Bancorporation

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.