TIAA CREF Investment Management LLC Has $40.09 Million Stake in Western Alliance Bancorporation (WAL)

TIAA CREF Investment Management LLC grew its stake in shares of Western Alliance Bancorporation (NYSE:WAL) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 707,976 shares of the financial services provider’s stock after purchasing an additional 60,042 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.67% of Western Alliance Bancorporation worth $40,086,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. GW&K Investment Management LLC boosted its stake in shares of Western Alliance Bancorporation by 0.3% during the fourth quarter. GW&K Investment Management LLC now owns 320,452 shares of the financial services provider’s stock valued at $18,144,000 after purchasing an additional 958 shares during the period. Amalgamated Bank boosted its stake in shares of Western Alliance Bancorporation by 6.0% during the fourth quarter. Amalgamated Bank now owns 19,137 shares of the financial services provider’s stock valued at $1,084,000 after purchasing an additional 1,086 shares during the period. US Bancorp DE boosted its stake in shares of Western Alliance Bancorporation by 3.2% during the fourth quarter. US Bancorp DE now owns 40,588 shares of the financial services provider’s stock valued at $2,299,000 after purchasing an additional 1,264 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Western Alliance Bancorporation by 4.1% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 33,040 shares of the financial services provider’s stock valued at $1,871,000 after purchasing an additional 1,316 shares during the period. Finally, Advisor Group Inc. boosted its stake in shares of Western Alliance Bancorporation by 48.4% during the third quarter. Advisor Group Inc. now owns 4,048 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 1,320 shares during the period. 83.33% of the stock is owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

Shares of WAL stock opened at $55.76 on Friday. Western Alliance Bancorporation has a 52 week low of $44.64 and a 52 week high of $62.49. The company has a market capitalization of $6,091.70, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.11 and a beta of 1.58. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34.

Western Alliance Bancorporation (NYSE:WAL) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Western Alliance Bancorporation had a return on equity of 15.50% and a net margin of 36.56%. The company had revenue of $224.72 million during the quarter, compared to analyst estimates of $225.19 million. During the same quarter last year, the firm posted $0.70 earnings per share. analysts expect that Western Alliance Bancorporation will post 4 EPS for the current fiscal year.

WAL has been the subject of a number of analyst reports. Barclays reissued a “buy” rating and set a $70.00 price objective on shares of Western Alliance Bancorporation in a research note on Tuesday, January 30th. ValuEngine raised Western Alliance Bancorporation from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. SunTrust Banks reissued a “buy” rating and set a $70.00 price objective on shares of Western Alliance Bancorporation in a research note on Monday, January 29th. Sandler O’Neill reissued a “buy” rating and set a $69.00 price objective on shares of Western Alliance Bancorporation in a research note on Monday, January 29th. Finally, DA Davidson reissued a “buy” rating on shares of Western Alliance Bancorporation in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.88.

In other Western Alliance Bancorporation news, EVP Robert Reoch Mcauslan sold 2,000 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $61.94, for a total transaction of $123,880.00. Following the completion of the transaction, the executive vice president now owns 25,603 shares of the company’s stock, valued at $1,585,849.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP J. Kelly Jr. Ardrey sold 538 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $60.30, for a total value of $32,441.40. The disclosure for this sale can be found here. Insiders sold 87,787 shares of company stock valued at $5,265,384 in the last ninety days. 7.95% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: This story was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/3296905/tiaa-cref-investment-management-llc-has-40-09-million-stake-in-western-alliance-bancorporation-wal.html.

About Western Alliance Bancorporation

Western Alliance Bancorporation is a bank holding company. The Company provides a range of deposit, lending, treasury management, international banking and online banking products and services through its banking subsidiary, Western Alliance Bank (WAB or the Bank). The Company’s regional segments include Arizona, Nevada, Southern California and Northern California, which provide banking and related services to their respective markets.

Institutional Ownership by Quarter for Western Alliance Bancorporation (NYSE:WAL)

Receive News & Ratings for Western Alliance Bancorporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Alliance Bancorporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

China Life Insurance  versus Its Rivals Head to Head Analysis
China Life Insurance versus Its Rivals Head to Head Analysis
Analysts Expect BeiGene  Will Post Earnings of -$1.96 Per Share
Analysts Expect BeiGene Will Post Earnings of -$1.96 Per Share
Zacks: Analysts Anticipate Clementia Pharmaceuticals  Will Post Earnings of -$0.33 Per Share
Zacks: Analysts Anticipate Clementia Pharmaceuticals Will Post Earnings of -$0.33 Per Share
1347 PIH  Receiving Somewhat Positive Media Coverage, Accern Reports
1347 PIH Receiving Somewhat Positive Media Coverage, Accern Reports
Good Times Burgers & Frozen Custard  Getting Somewhat Favorable Press Coverage, Analysis Finds
Good Times Burgers & Frozen Custard Getting Somewhat Favorable Press Coverage, Analysis Finds
First Community Co. to Issue Quarterly Dividend of $0.10
First Community Co. to Issue Quarterly Dividend of $0.10


© 2006-2018 Ticker Report. Google+.