Evercore Wealth Management Decreased Its East West Bancorp (EWBC) Position; Enterprise GP Holdings LP (EPE) Has 0.57 Sentiment

November 14, 2017 - By Stephen Andrade

EP Energy Corporation is an independent exploration and production company. The company has market cap of $614.78 million. The Firm is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. It currently has negative earnings. The Firm operates through a base of producing assets.

Evercore Wealth Management Llc decreased East West Bancorp Inc (EWBC) stake by 0.86% reported in 2017Q2 SEC filing. Evercore Wealth Management Llc sold 6,051 shares as East West Bancorp Inc (EWBC)’s stock rose 1.19%. The Evercore Wealth Management Llc holds 700,754 shares with $41.05 million value, down from 706,805 last quarter. East West Bancorp Inc now has $8.26B valuation. The stock rose 0.26% or $0.15 reaching $57.18. About 492,191 shares traded. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 46.25% since November 14, 2016 and is uptrending. It has outperformed by 29.55% the S&P500.

Among 12 analysts covering East West Bancorp Inc. (NASDAQ:EWBC), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. East West Bancorp Inc. had 33 analyst reports since August 26, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Macquarie Research given on Friday, July 22. Raymond James upgraded the stock to “Market Perform” rating in Thursday, October 5 report. The rating was maintained by Piper Jaffray with “Buy” on Thursday, July 20. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 3 with “Hold”. Keefe Bruyette & Woods downgraded the stock to “Market Perform” rating in Thursday, April 28 report. On Thursday, April 28 the stock rating was downgraded by Wood to “Market Perform”. BMO Capital Markets downgraded East West Bancorp, Inc. (NASDAQ:EWBC) on Friday, July 7 to “Market Perform” rating. BMO Capital Markets maintained East West Bancorp, Inc. (NASDAQ:EWBC) on Tuesday, October 3 with “Hold” rating. The rating was maintained by BMO Capital Markets with “Market Perform” on Friday, October 20. Piper Jaffray maintained the stock with “Buy” rating in Friday, October 20 report.

Since June 13, 2017, it had 0 insider buys, and 1 insider sale for $66,257 activity. 1,123 shares valued at $66,257 were sold by LIU JACK C on Tuesday, June 13.

Investors sentiment increased to 1.38 in Q2 2017. Its up 0.27, from 1.11 in 2017Q1. It improved, as 38 investors sold EWBC shares while 105 reduced holdings. 71 funds opened positions while 126 raised stakes. 123.29 million shares or 2.37% more from 120.43 million shares in 2017Q1 were reported. Smith Moore, Missouri-based fund reported 5,101 shares. Wright accumulated 0.31% or 14,145 shares. Prescott Grp Inc Cap Mgmt Ltd Llc has invested 0.09% in East West Bancorp, Inc. (NASDAQ:EWBC). Brandywine Glob Investment Limited Liability Corporation accumulated 127,012 shares. First Manhattan Company invested 0% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). State Of Tennessee Treasury Department accumulated 0.05% or 168,900 shares. Acadian Asset Limited accumulated 769 shares. Btim holds 217,195 shares or 0.2% of its portfolio. Nordea Inv Mgmt has 4,580 shares for 0% of their portfolio. The Virginia-based Thompson Siegel And Walmsley Llc has invested 0% in East West Bancorp, Inc. (NASDAQ:EWBC). Two Sigma Securities Limited Liability Company reported 4,013 shares. Sumitomo Mitsui Trust Holding stated it has 0.04% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Cookson Peirce And reported 0.24% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC). Mason Street Advsr Ltd Com stated it has 70,580 shares. Bbva Compass State Bank holds 0.03% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC) for 8,673 shares.

Analysts await East West Bancorp, Inc. (NASDAQ:EWBC) to report earnings on January, 24. They expect $0.91 EPS, up 19.74% or $0.15 from last year’s $0.76 per share. EWBC’s profit will be $131.46 million for 15.71 P/E if the $0.91 EPS becomes a reality. After $0.89 actual EPS reported by East West Bancorp, Inc. for the previous quarter, Wall Street now forecasts 2.25% EPS growth.

Evercore Wealth Management Llc increased Synchrony Finl (NYSE:SYF) stake by 45,448 shares to 1.28 million valued at $38.10 million in 2017Q2. It also upped Vanguard Index Fds (VOO) stake by 6,180 shares and now owns 14,600 shares. Intl Paper Co (NYSE:IP) was raised too.

Ratings analysis reveals 0 of EP Energy’s analysts are positive. Out of 4 Wall Street analysts rating EP Energy, 0 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $4.5 while the high is $5.0. The stock’s average target of $4.75 is 97.92% above today’s ($2.4) share price. EPE was included in 4 notes of analysts from September 13, 2016. The firm has “Mkt Perform” rating by FBR Capital given on Tuesday, September 13. The company was initiated on Thursday, April 13 by Stifel Nicolaus. The firm has “Neutral” rating given on Wednesday, September 21 by Goldman Sachs. The firm earned “Sell” rating on Wednesday, January 4 by Citigroup.

Apollo Management Holdings L.P. holds 6.05% of its portfolio in EP Energy Corp for 112.60 million shares. Columbia Pacific Advisors Llc owns 1.11 million shares or 4.58% of their US portfolio. Moreover, Riverstone Holdings Llc has 4.06% invested in the company for 31.28 million shares. The New York-based King Street Capital Management L.P. has invested 2.55% in the stock. Fir Tree Inc., a New York-based fund reported 3.58 million shares.

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