Assenagon discloses 594,572-share stake in Western Alliance stock

Published on 10/18/2026 at 12:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Assenagon disclosed a USD 44.65 million WAL stake on October 18, 2026. Western Alliance stock faces third-quarter results on October 19.

Ownership and earnings timetable

Assenagon purchased 594,572 Western Alliance shares in the third quarter, valued at USD 44.65 million.
Third-quarter revenue consensus is USD 987.92 million for the October 19, 2026 report.
The average analyst target is USD 90.56 across 16 ratings as of October 18, 2026.
Western Alliance market capitalization was USD 8.1 billion as of October 16, 2026.

WAL, US9576381092, Illustration mit AI erstellt.

Western Alliance Bancorporation (ISIN US9576381092) drew a fresh institutional ownership signal after Assenagon Asset Management purchased 594,572 shares valued at USD 44.65 million during the third quarter, MarketBeat reported on October 18, 2026. The filing put Assenagon's holding at 0.54 percent of Western Alliance's shares. The bank is scheduled to publish third-quarter results after the market close on October 19, 2026.

What does the stake add?

The purchase gives the ownership story a concrete scale: USD 44.65 million represented 0.54 percent of the company at the end of the reported quarter. MarketBeat also said institutional investors and hedge funds owned 79.15 percent of the stock. That figure frames the filing as part of a heavily institutionally held shareholder base rather than a retail-led ownership shift.

Three dated earnings markers

On July 21, 2026, Western Alliance reported second-quarter earnings per share of USD 2.36 and revenue of USD 995.70 million, according to MarketBeat. On October 6, 2026, the company announced that it would release third-quarter results after the market close on October 19, 2026, with a conference call on October 20, 2026, Western Alliance said. On October 18, 2026, MarketBeat reported Assenagon's 594,572-share purchase valued at USD 44.65 million.

Dates and estimates for earnings

Western Alliance's next reported date is October 19, 2026, after the market close, followed by the conference call on October 20, 2026, at 12:00 p.m. ET, according to the company's release. The consensus calls for third-quarter earnings per share of USD 2.42 and revenue of USD 987.92 million, compared with USD 2.28 and USD 841.30 million in the year-earlier quarter, MarketBeat reported. The revenue estimate implies a 17.42 percent increase, while the earnings-per-share estimate implies a 6.14 percent increase.

Stock context before the report

Western Alliance closed at USD 74.51 on the NYSE on October 16, 2026. Its 52-week range was USD 65.82 to USD 97.23, and market capitalization stood at USD 8.1 billion on that date. The average analyst target was USD 90.56 across 16 ratings, according to Investing.com. These figures leave the earnings release as the next concrete test for the bank's revenue and earnings trajectory.