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East West Bancorp (EWBC) Shareholder Amp Capital Investors LTD Trimmed Position by $561,200; International Business Machs (Put) (IBM) Share Value Declined While Saba Capital Management LP Decreased Its Stake by $13.08 Million

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July 22, 2018 – By Catherine Diaz

Saba Capital Management Lp decreased its stake in International Business Machs (Put) (IBM) by 22.18% based on its latest 2018Q1 regulatory filing with the SEC. Saba Capital Management Lp sold 85,500 shares as the company’s stock declined 9.42% with the market. The hedge fund held 300,000 shares of the computer manufacturing company at the end of 2018Q1, valued at $46.03 million, down from 385,500 at the end of the previous reported quarter. Saba Capital Management Lp who had been investing in International Business Machs (Put) for a number of months, seems to be less bullish one the $134.35 billion market cap company. The stock decreased 1.94% or $2.89 during the last trading session, reaching $146.35. About 6.42 million shares traded or 47.66% up from the average. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since July 22, 2017 and is downtrending. It has underperformed by 18.81% the S&P500. Some Historical IBM News: 17/04/2018 – IBM 1Q Net $1.68B; 17/04/2018 – IBM 1Q REV. $19.07B, EST. $18.83B; 08/03/2018 – IBM SAYS LONGER-TERM FINANCIAL MODEL POSITIONED FOR LOW SINGLE-DIGIT REV GROWTH – SEC FILING; 23/03/2018 – Techedge considers new acquisitions following NIMBL takeover, plans Milan IPO – CEO; 21/03/2018 – IBM: Morgan Stanley Cheers Display of Watson Success at ‘Think’ Conference — Barron’s Blog; 17/04/2018 – IBM 1Q Technology Services and Cloud Platforms Rev $8.63B; 19/03/2018 – lntersections Inc. Launches Al-Powered Identity Theft Protection with IBM Watson; 30/03/2018 – IBM sees quantum computing going mainstream within five years; 03/04/2018 – REG-lntnl Bus. Mach: Doc re DEF14A; 21/05/2018 – Syncsort Advances Security Strategy with Acquisition of Townsend Security’s IBM i Data Privacy Products

Amp Capital Investors Ltd decreased its stake in East West Bancorp Inc (EWBC) by 17.14% based on its latest 2018Q1 regulatory filing with the SEC. Amp Capital Investors Ltd sold 9,200 shares as the company’s stock rose 4.96% while stock markets declined. The institutional investor held 44,461 shares of the finance company at the end of 2018Q1, valued at $2.75M, down from 53,661 at the end of the previous reported quarter. Amp Capital Investors Ltd who had been investing in East West Bancorp Inc for a number of months, seems to be less bullish one the $9.60B market cap company. The stock increased 1.22% or $0.8 during the last trading session, reaching $66.23. About 847,610 shares traded or 10.07% up from the average. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 26.77% since July 22, 2017 and is uptrending. It has outperformed by 14.20% the S&P500. Some Historical EWBC News: 19/04/2018 – EAST WEST BANCORP INC – OUTLOOK FOR 2018 CURRENTLY ASSUMES TWO ADDITIONAL FED FUNDS RATE INCREASES IN 2018: IN JUNE AND SEPTEMBER; 05/04/2018 – EAST WEST BANK RECEIVES APPROVAL TO INCREASE AUTHORIZED CAPITAL; 13/03/2018 NTN BUZZTIME SAYS ENTERED AMENDMENT TO AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT INTO WITH EAST WEST BANK (EWB) – SEC FILING; 19/04/2018 – East West Bancorp 1Q Net $187.0M; 19/04/2018 – East West Bancorp Closes Above 50-Day Moving Average; 29/05/2018 – East West Bancorp Increases Quarterly Dividend By 15% To $0.23 Per Share; 14/03/2018 – East West Bancorp Closes Below 50-Day Moving Average; 19/04/2018 – East West Bancorp 1Q Rev $401.1M; 19/04/2018 – EAST WEST BANCORP 1Q ADJ EPS $1.13; 19/04/2018 – East West Bancorp 1Q EPS $1.28

Since January 31, 2018, it had 1 buy, and 2 insider sales for $2.69 million activity. 610 shares were bought by WADDELL FREDERICK H, worth $99,659 on Wednesday, January 31. 5,000 shares valued at $780,000 were sold by Gherson Diane J on Monday, February 26.

Among 34 analysts covering International Business Machines (NYSE:IBM), 14 have Buy rating, 4 Sell and 16 Hold. Therefore 41% are positive. International Business Machines had 133 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Wednesday, October 18 by BMO Capital Markets. As per Tuesday, August 16, the company rating was initiated by Oppenheimer. The firm earned “Overweight” rating on Thursday, March 31 by Morgan Stanley. RBC Capital Markets maintained it with “Sector Perform” rating and $150.0 target in Tuesday, October 20 report. On Tuesday, June 27 the stock rating was maintained by BMO Capital Markets with “Hold”. Berenberg maintained the shares of IBM in report on Friday, January 19 with “Sell” rating. Barclays Capital maintained the stock with “Underweight” rating in Wednesday, October 18 report. The firm has “Sell” rating by Societe Generale given on Friday, January 19. The company was maintained on Thursday, January 18 by Bank of America. The firm has “Hold” rating given on Tuesday, April 19 by Cantor Fitzgerald.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Fool.com which released: “IBM Poised to Report Third Straight Quarter of Growth” on July 15, 2018, also Benzinga.com with their article: “Earnings Preview: Legacy Tech Giant IBM To Report After Wednesday’s Close” published on July 17, 2018, Seekingalpha.com published: “IBM announces several cloud agreements” on July 03, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM: Mediocre Management Holding A Crown Jewel” published on July 16, 2018 as well as Finance.Yahoo.com‘s news article titled: “IBM: The Grey Gardens of Technology Stocks” with publication date: July 17, 2018.

Saba Capital Management Lp, which manages about $7.93B and $1.80B US Long portfolio, upped its stake in Delaware Enhanced Gbl Div & (NYSE:DEX) by 67,757 shares to 1.91M shares, valued at $22.07M in 2018Q1, according to the filing. It also increased its holding in Xerox Corp by 46,413 shares in the quarter, for a total of 55,613 shares, and has risen its stake in Supervalu Inc.

Investors sentiment increased to 1.11 in Q1 2018. Its up 0.08, from 1.03 in 2017Q4. It increased, as 60 investors sold IBM shares while 560 reduced holdings. 117 funds opened positions while 570 raised stakes. 501.15 million shares or 0.58% less from 504.07 million shares in 2017Q4 were reported. Salient Trust Lta reported 17,750 shares. Argent Limited accumulated 2,463 shares. Bnp Paribas Arbitrage reported 694,337 shares. Kingfisher Limited Company, North Carolina-based fund reported 7,252 shares. Apg Asset Mgmt Nv stated it has 0.11% in International Business Machines Corporation (NYSE:IBM). Tiaa Cref Invest Management Ltd Co invested in 2.57M shares. Monetary Mgmt Gru holds 0.28% or 4,457 shares in its portfolio. Coastline Tru Co stated it has 0.4% of its portfolio in International Business Machines Corporation (NYSE:IBM). Oak Associate Limited Oh owns 162,912 shares. Bridgeway owns 92,542 shares. The California-based Dowling & Yahnke Llc has invested 0.46% in International Business Machines Corporation (NYSE:IBM). Northwestern Mutual Wealth invested in 52,016 shares. Moreover, Leavell has 0.22% invested in International Business Machines Corporation (NYSE:IBM) for 12,355 shares. Ronna Sue Cohen reported 3,479 shares stake. 133,085 are held by Bb&T.

Amp Capital Investors Ltd, which manages about $17.65B US Long portfolio, upped its stake in Darden Restaurants Inc (NYSE:DRI) by 80,525 shares to 167,033 shares, valued at $14.10 million in 2018Q1, according to the filing. It also increased its holding in Align Technology Inc (NASDAQ:ALGN) by 14,616 shares in the quarter, for a total of 75,136 shares, and has risen its stake in Bce Inc (NYSE:BCE).

More recent East West Bancorp, Inc. (NASDAQ:EWBC) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For July 20, 2018” on July 20, 2018. Also Businesswire.com published the news titled: “East West Bancorp Reports Net Income for Second Quarter 2018 of $172 Million and Diluted Earnings Per Share of $1.18” on July 19, 2018. Seekingalpha.com‘s news article titled: “Tracking Ken Fisher’s Fisher Asset Management Portfolio – Q2 2018 Update” with publication date: July 18, 2018 was also an interesting one.

Investors sentiment decreased to 1.01 in Q1 2018. Its down 0.21, from 1.22 in 2017Q4. It turned negative, as 28 investors sold EWBC shares while 136 reduced holdings. 46 funds opened positions while 119 raised stakes. 122.89 million shares or 0.92% less from 124.03 million shares in 2017Q4 were reported. 5,000 were accumulated by Prudential Public Ltd Com. Old Mutual Customised Solutions (Proprietary) Limited has 5,600 shares. Dreman Value L L C has 0% invested in East West Bancorp, Inc. (NASDAQ:EWBC). Cetera Limited Liability Company holds 12,987 shares or 0.05% of its portfolio. Citigroup invested in 254,541 shares. Maltese Cap Management Lc holds 0.38% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC) for 88,035 shares. Jennison Assocs Ltd Com has invested 0.17% in East West Bancorp, Inc. (NASDAQ:EWBC). Palouse Mgmt accumulated 0.09% or 4,238 shares. Bb&T has 48,998 shares. Thrivent For Lutherans reported 0.09% stake. Neuberger Berman Gp Ltd has 272,650 shares. Associate New York stated it has 9,000 shares or 0.87% of all its holdings. Korea Corporation holds 0.04% in East West Bancorp, Inc. (NASDAQ:EWBC) or 121,294 shares. Oakbrook Invests Limited Liability Corp reported 0.05% stake. American Intl Gp Inc accumulated 289,163 shares.

Since January 29, 2018, it had 0 insider purchases, and 35 insider sales for $11.30 million activity. $36,851 worth of stock was sold by CAMPBELL MOLLY on Thursday, May 3. $70,928 worth of East West Bancorp, Inc. (NASDAQ:EWBC) was sold by LIU JACK C on Monday, April 23. Another trade for 5,000 shares valued at $341,432 was made by Oh Irene H on Wednesday, March 7. Another trade for 5,000 shares valued at $348,262 was made by KRAUSE DOUGLAS PAUL on Thursday, May 31. On Friday, February 2 the insider Chan Iris S sold $133,378.

Among 15 analysts covering East West Bancorp Inc. (NASDAQ:EWBC), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. East West Bancorp Inc. had 57 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Friday, October 20 with “Overweight”. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, March 7 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, September 25. Piper Jaffray maintained East West Bancorp, Inc. (NASDAQ:EWBC) on Thursday, July 20 with “Buy” rating. Deutsche Bank downgraded East West Bancorp, Inc. (NASDAQ:EWBC) on Friday, July 14 to “Hold” rating. The firm has “Neutral” rating given on Tuesday, April 24 by DA Davidson. Morgan Stanley maintained the shares of EWBC in report on Wednesday, December 13 with “Equal-Weight” rating. The rating was upgraded by BMO Capital Markets on Thursday, January 14 to “Outperform”. BMO Capital Markets downgraded East West Bancorp, Inc. (NASDAQ:EWBC) on Friday, July 7 to “Market Perform” rating. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, January 31 report.

East West Bancorp, Inc. (NASDAQ:EWBC) Institutional Positions Chart

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Source: on 2018-07-22 10:15:00

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