Today The NN Investment Partners Holdings N.V. Has $1,080,000 Stake in Western Alliance Bancorporation (WAL)

Today The NN Investment Partners Holdings N.V. Has $1,080,000 Stake in Western Alliance Bancorporation (WAL)

NN Investment Partners Holdings N.V. increased its position in Western Alliance Bancorporation (NYSE:WAL) by 24.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 22,165 shares of the financial services provider’s stock after buying an additional 4,370 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Western Alliance Bancorporation were worth $1,080,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its position in Western Alliance Bancorporation by 119.0% in the second quarter. Prudential Financial Inc. now owns 173,570 shares of the financial services provider’s stock worth $5,667,000 after buying an additional 94,312 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Western Alliance Bancorporation by 21.6% in the second quarter. Teacher Retirement System of Texas now owns 13,024 shares of the financial services provider’s stock worth $425,000 after buying an additional 2,315 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in Western Alliance Bancorporation by 36.2% in the second quarter. UBS Asset Management Americas Inc. now owns 74,085 shares of the financial services provider’s stock worth $2,419,000 after buying an additional 19,688 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Western Alliance Bancorporation by 241.3% in the second quarter. Advisors Asset Management Inc. now owns 3,881 shares of the financial services provider’s stock worth $127,000 after buying an additional 2,744 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management boosted its position in Western Alliance Bancorporation by 812.7% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 721,709 shares of the financial services provider’s stock worth $23,564,000 after buying an additional 642,636 shares in the last quarter. 80.20% of the stock is owned by institutional investors and hedge funds.

Western Alliance Bancorporation (NYSE:WAL) traded up 1.83% during midday trading on Wednesday, reaching $49.57. 65,247 shares of the company were exchanged. Western Alliance Bancorporation has a 52 week low of $26.60 and a 52 week high of $50.72. The firm has a market capitalization of $5.14 billion, a PE ratio of 20.53 and a beta of 1.69. The company has a 50-day moving average of $48.85 and a 200 day moving average of $40.57.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Western Alliance Bancorporation from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Tuesday, December 27th. RBC Capital Markets restated a “buy” rating on shares of Western Alliance Bancorporation in a report on Saturday, December 17th. Royal Bank Of Canada boosted their price objective on shares of Western Alliance Bancorporation from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, November 10th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $42.00 price objective on shares of Western Alliance Bancorporation in a report on Tuesday, September 27th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $44.75.

In other Western Alliance Bancorporation news, Director James E. D. V. M. Nave sold 15,000 shares of the stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $49.01, for a total transaction of $735,150.00. Following the completion of the sale, the director now directly owns 247,876 shares of the company’s stock, valued at approximately $12,148,402.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Patricia A. Taylor sold 3,382 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $43.76, for a total transaction of $147,996.32. Following the sale, the executive vice president now directly owns 24,448 shares of the company’s stock, valued at $1,069,844.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 986,113 shares of company stock valued at $43,870,091. Insiders own 10.27% of the company’s stock.

Western Alliance Bancorporation Company Profile

Western Alliance Bancorporation is a bank holding company. The Company provides a range of deposits, lending, treasury management and online banking products and services through its banking subsidiary, Western Alliance Bank (the Bank). The Company’s segments are Arizona, Nevada, Southern California, Northern California, Central Business Line (CBL), and Corporate & Other.

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