5 New Stock Picks of Billionaire Ray Dalio

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1. Western Alliance Bancorporation (NYSE:WAL)

Number of Hedge Fund Holders: 28   

Western Alliance Bancorporation (NYSE:WAL) is a bank holding based in Arizona. Bridgewater Associates owned 38,163 shares in the company at the end of September 2021 worth $4.1 million, representing 0.02% of the portfolio of the fund. 

Wells Fargo analyst Timur Braziler recently raised the price target on Western Alliance Bancorporation (NYSE:WAL) stock to $150 from $135 and kept an Overweight rating, noting the firm was “hitting on all cylinders” and the balance sheet growth was as good as any other bank. 

At the end of the second quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $188 million in Western Alliance Bancorporation (NYSE:WAL), up from 23 in the preceding quarter worth $141 million. 

You can also take a peek at 10 Best Healthcare Dividend Stocks to Buy Now and 10 Dividend Stocks with Over 20 Years of Dividend Increases.

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