SCHEDULE: Barrow Hanley Discloses 5.42% Stake in Western Alliance

Investment adviser Barrow Hanley Mewhinney & Strauss LLC reported a 5.42% beneficial ownership stake in Western Alliance Bancorp common stock.

Summary

• Barrow Hanley Mewhinney & Strauss LLC, an investment adviser, has reported beneficial ownership of 5,979,916 shares of Western Alliance Bancorp common stock.
• This ownership represents 5.42% of the total class of securities.
• The reporting person, Barrow Hanley Mewhinney & Strauss LLC, holds sole voting power and sole dispositive power over all 5,979,916 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Western Alliance Bancorp.

Sentiment

Score: 5

Explanation: This filing is a factual disclosure of beneficial ownership and does not contain performance metrics or forward-looking statements that would indicate a positive or negative sentiment.

Future Outlook

NA

Industry Context

This filing indicates a significant institutional investment in Western Alliance Bancorp by an investment adviser, which is a common occurrence in the financial industry as institutions manage client portfolios.

Stakeholder Impact

• Shareholders may view this as a positive signal, indicating confidence from a large institutional investor in Western Alliance Bancorp.
• Increased institutional ownership can sometimes lead to greater scrutiny of corporate governance and strategic decisions.

Key Dates

Keywords

Western Alliance Bancorp, Barrow Hanley Mewhinney & Strauss LLC, Beneficial Ownership, Common Stock, Investment Adviser, Institutional Ownership, SEC Filing, Schedule 13G