Janus Henderson Group PLC increased its stake in East West Bancorp, Inc. (NASDAQ:EWBC) by 66.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 983,340 shares of the financial services provider’s stock after purchasing an additional 393,861 shares during the period. Janus Henderson Group PLC owned approximately 0.68% of East West Bancorp worth $58,784,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EWBC. BlackRock Inc. grew its position in East West Bancorp by 11.5% during the second quarter. BlackRock Inc. now owns 13,329,464 shares of the financial services provider’s stock valued at $780,841,000 after acquiring an additional 1,373,528 shares during the last quarter. Vanguard Group Inc. grew its position in East West Bancorp by 7.5% during the second quarter. Vanguard Group Inc. now owns 12,734,214 shares of the financial services provider’s stock valued at $745,971,000 after acquiring an additional 893,764 shares during the last quarter. State Street Corp grew its position in East West Bancorp by 16.5% during the second quarter. State Street Corp now owns 7,099,748 shares of the financial services provider’s stock valued at $415,902,000 after acquiring an additional 1,004,860 shares during the last quarter. Boston Partners grew its position in East West Bancorp by 0.8% during the third quarter. Boston Partners now owns 6,619,308 shares of the financial services provider’s stock valued at $395,702,000 after acquiring an additional 50,476 shares during the last quarter. Finally, Macquarie Group Ltd. grew its position in East West Bancorp by 4.2% during the third quarter. Macquarie Group Ltd. now owns 4,440,696 shares of the financial services provider’s stock valued at $265,465,000 after acquiring an additional 178,496 shares during the last quarter. Institutional investors own 91.41% of the company’s stock.

In other news, Director Rudolph Estrada sold 1,916 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $55.97, for a total value of $107,238.52. Following the transaction, the director now owns 15,475 shares in the company, valued at $866,135.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Herman Y. Li sold 10,000 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $61.00, for a total value of $610,000.00. Following the completion of the sale, the director now directly owns 40,130 shares of the company’s stock, valued at approximately $2,447,930. The disclosure for this sale can be found here. Insiders sold 14,116 shares of company stock worth $844,993 in the last 90 days. Company insiders own 0.88% of the company’s stock.

EWBC has been the topic of a number of recent research reports. Zacks Investment Research cut shares of East West Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $57.00 price target on shares of East West Bancorp in a research report on Tuesday, September 26th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $63.00 price target (up from $61.00) on shares of East West Bancorp in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $65.50.

East West Bancorp, Inc. (NASDAQ:EWBC) opened at $60.69 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. East West Bancorp, Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $63.92. The stock has a market cap of $8,772.31, a P/E ratio of 18.17, a PEG ratio of 1.65 and a beta of 1.46.

East West Bancorp (NASDAQ:EWBC) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.03. East West Bancorp had a net margin of 34.75% and a return on equity of 13.51%. The firm had revenue of $348.97 million for the quarter, compared to analysts’ expectations of $349.28 million. During the same quarter last year, the business earned $0.76 earnings per share. The business’s revenue was up 15.0% on a year-over-year basis. research analysts forecast that East West Bancorp, Inc. will post 3.49 EPS for the current fiscal year.

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East West Bancorp Company Profile

East West Bancorp, Inc is a bank holding company. The Company’s principal business is to serve as a holding company for East West Bank (the Bank) and other banking or banking-related subsidiaries. The Bank is a California state-chartered bank, which operates in the United States and Greater China. The Bank provides a range of personal and commercial banking services to businesses, business executives, professionals, and other individuals.

Institutional Ownership by Quarter for East West Bancorp (NASDAQ:EWBC)

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