East West Bancorp, Inc. (NASDAQ:EWBC) Stock Holdings Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in East West Bancorp, Inc. (NASDAQ:EWBC - Free Report) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,320 shares of the financial services provider's stock after purchasing an additional 15,475 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of East West Bancorp worth $9,699,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new stake in East West Bancorp during the 3rd quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of East West Bancorp during the third quarter valued at about $26,000. UMB Bank n.a. increased its position in shares of East West Bancorp by 362.8% during the third quarter. UMB Bank n.a. now owns 361 shares of the financial services provider's stock worth $30,000 after acquiring an additional 283 shares during the last quarter. Tobam lifted its stake in shares of East West Bancorp by 131.7% in the third quarter. Tobam now owns 482 shares of the financial services provider's stock worth $40,000 after acquiring an additional 274 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of East West Bancorp in the third quarter worth about $79,000. Institutional investors and hedge funds own 89.53% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company upped their target price on East West Bancorp from $105.00 to $120.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods upped their price target on shares of East West Bancorp from $96.00 to $128.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. DA Davidson decreased their price objective on shares of East West Bancorp from $120.00 to $118.00 and set a "buy" rating for the company in a report on Friday, January 24th. Compass Point upped their target price on shares of East West Bancorp from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Finally, Wedbush increased their price target on shares of East West Bancorp from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $110.38.

East West Bancorp Stock Performance

NASDAQ EWBC traded down $2.19 during trading hours on Monday, hitting $98.04. The company had a trading volume of 370,470 shares, compared to its average volume of 886,496. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 0.46. The firm has a market cap of $13.59 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 1.36 and a beta of 1.30. East West Bancorp, Inc. has a fifty-two week low of $68.36 and a fifty-two week high of $113.95. The business has a fifty day simple moving average of $100.12 and a 200-day simple moving average of $92.87.

East West Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Monday, February 3rd. This is a boost from East West Bancorp's previous quarterly dividend of $0.55. East West Bancorp's dividend payout ratio (DPR) is 28.81%.

Insider Activity at East West Bancorp

In other East West Bancorp news, Vice Chairman Douglas Paul Krause sold 12,000 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $106.61, for a total transaction of $1,279,320.00. Following the sale, the insider now directly owns 45,403 shares in the company, valued at approximately $4,840,413.83. The trade was a 20.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack C. Liu sold 725 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $104.50, for a total transaction of $75,762.50. Following the completion of the sale, the director now directly owns 15,832 shares of the company's stock, valued at approximately $1,654,444. This represents a 4.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock worth $1,488,358 in the last ninety days. 1.04% of the stock is owned by insiders.

East West Bancorp Company Profile

East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States. The company operates through three segments: Consumer and Business Banking, Commercial Banking, and Other.