Schroder Investment Management Group raised its position in shares of East West Bancorp, Inc. (NASDAQ:EWBC) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 490,555 shares of the financial services provider’s stock after buying an additional 11,434 shares during the quarter. Schroder Investment Management Group owned about 0.34% of East West Bancorp worth $29,046,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. lifted 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 buying an additional 1,373,528 shares during the period. Vanguard Group Inc. lifted 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 buying an additional 893,764 shares during the period. State Street Corp lifted 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 buying an additional 1,004,860 shares during the period. Boston Partners lifted 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 buying an additional 50,476 shares during the period. Finally, Macquarie Group Ltd. lifted 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 buying an additional 178,496 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.

In related news, Director Herman Y. Li sold 10,000 shares of East West Bancorp stock in a transaction dated 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 in the company, valued at approximately $2,447,930. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jack C. Liu sold 2,200 shares of East West Bancorp stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $58.07, for a total value of $127,754.00. Following the completion of the sale, the director now owns 23,599 shares of the company’s stock, valued at $1,370,393.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,116 shares of company stock valued at $844,993. 0.88% of the stock is owned by insiders.

Several brokerages have commented on EWBC. SunTrust Banks reissued a “buy” rating and set a $68.00 price objective on shares of East West Bancorp in a research report on Wednesday, November 29th. Zacks Investment Research lowered East West Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Piper Jaffray Companies set a $74.00 price objective on East West Bancorp and gave the company a “buy” rating in a research report on Saturday, October 21st. BMO Capital Markets raised their price objective on East West Bancorp from $61.00 to $63.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Finally, Barclays set a $66.00 price target on East West Bancorp and gave the stock a “buy” rating in a research report on Friday, October 20th. 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 stock. The stock presently has an average rating of “Hold” and an average target price of $64.90.

East West Bancorp, Inc. (NASDAQ:EWBC) opened at $61.33 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $8,864.82, a PE ratio of 18.36, a PEG ratio of 1.67 and a beta of 1.47. East West Bancorp, Inc. has a 52-week low of $48.07 and a 52-week high of $62.76.

East West Bancorp (NASDAQ:EWBC) last posted its quarterly 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. The firm had revenue of $348.97 million during the quarter, compared to analyst estimates of $349.28 million. East West Bancorp had a return on equity of 13.51% and a net margin of 34.75%. East West Bancorp’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. research analysts expect that East West Bancorp, Inc. will post 3.49 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, October 31st. East West Bancorp’s dividend payout ratio is presently 21.98%.

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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.

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

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