Bridges Investment Management Increases Holding in Home Depot Com (HD); Alps Advisors Increased East West Bancorp (EWBC) Position

February 23, 2018 - By Ellis Scott

Alps Advisors Inc increased its stake in East West Bancorp Inc (EWBC) by 57.03% based on its latest 2017Q3 regulatory filing with the SEC. Alps Advisors Inc bought 6,596 shares as the company’s stock rose 1.19% with the market. The institutional investor held 18,162 shares of the finance company at the end of 2017Q3, valued at $1.09 million, up from 11,566 at the end of the previous reported quarter. Alps Advisors Inc who had been investing in East West Bancorp Inc for a number of months, seems to be bullish on the $9.55B market cap company. The stock increased 0.88% or $0.575 during the last trading session, reaching $66.045. About 157,359 shares traded. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 46.25% since February 23, 2017 and is uptrending. It has outperformed by 29.55% the S&P500.

Bridges Investment Management Inc increased its stake in Home Depot Inc Com (HD) by 36.21% based on its latest 2017Q3 regulatory filing with the SEC. Bridges Investment Management Inc bought 16,398 shares as the company’s stock rose 9.30% with the market. The institutional investor held 61,687 shares of the consumer services company at the end of 2017Q3, valued at $10.09 million, up from 45,289 at the end of the previous reported quarter. Bridges Investment Management Inc who had been investing in Home Depot Inc Com for a number of months, seems to be bullish on the $217.86 billion market cap company. The stock increased 0.59% or $1.09 during the last trading session, reaching $186.56. About 1.50M shares traded. The Home Depot, Inc. (NYSE:HD) has risen 18.65% since February 23, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

Bridges Investment Management Inc, which manages about $695.30 million and $1.06B US Long portfolio, decreased its stake in Apache Corp Com (NYSE:APA) by 18,694 shares to 5,766 shares, valued at $264,000 in 2017Q3, according to the filing.

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.19, from 0.95 in 2017Q2. It improved, as 59 investors sold HD shares while 562 reduced holdings. 121 funds opened positions while 587 raised stakes. 796.24 million shares or 3.15% less from 822.13 million shares in 2017Q2 were reported. Dnb Asset Mgmt As holds 128,355 shares or 0.28% of its portfolio. Bbva Compass Retail Bank Inc holds 0.33% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 31,230 shares. Bancorporation Of Nova Scotia owns 289,808 shares for 0.28% of their portfolio. Northwest Invest Counselors Ltd Llc owns 11,122 shares for 0.79% of their portfolio. 11,947 are owned by Spinnaker Tru. First Business Ser Inc holds 5,081 shares or 0.17% of its portfolio. Torch Wealth Lc has 0.14% invested in The Home Depot, Inc. (NYSE:HD) for 1,265 shares. Finance Counselors Incorporated holds 0.65% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 81,331 shares. Cadence Management Limited Liability Corp reported 73,301 shares stake. Legg Mason Asset Management (Japan) Limited, Japan-based fund reported 9,300 shares. Connor Clark & Lunn Management invested 0.06% of its portfolio in The Home Depot, Inc. (NYSE:HD). Gluskin Sheff & Associate Inc reported 240,734 shares. First Republic Mngmt Inc holds 0.62% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 526,654 shares. Walter & Keenan Fincl Consulting Mi Adv invested in 12,123 shares. Curbstone Fin Mgmt has invested 0.68% in The Home Depot, Inc. (NYSE:HD).

Among 33 analysts covering The Home Depot Inc. (NYSE:HD), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. The Home Depot Inc. had 113 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Morgan Stanley given on Thursday, February 23. The company was maintained on Wednesday, November 18 by UBS. As per Thursday, August 31, the company rating was maintained by Stifel Nicolaus. The stock of The Home Depot, Inc. (NYSE:HD) has “Hold” rating given on Monday, August 17 by Cantor Fitzgerald. The company was maintained on Wednesday, November 8 by Bank of America. The firm has “Buy” rating by Robert W. Baird given on Friday, September 8. Wedbush maintained The Home Depot, Inc. (NYSE:HD) rating on Wednesday, February 21. Wedbush has “Hold” rating and $190.0 target. The rating was maintained by RBC Capital Markets with “Buy” on Friday, June 16. The stock of The Home Depot, Inc. (NYSE:HD) has “Buy” rating given on Friday, May 13 by Jefferies. Jefferies maintained The Home Depot, Inc. (NYSE:HD) rating on Wednesday, September 13. Jefferies has “Buy” rating and $182.0 target.

Since September 7, 2017, it had 0 insider purchases, and 3 insider sales for $14.57 million activity. Roseborough Teresa Wynn also sold $1.97 million worth of The Home Depot, Inc. (NYSE:HD) on Thursday, December 7.

Alps Advisors Inc, which manages about $13.32 billion and $14.11 billion US Long portfolio, decreased its stake in Coca (NYSE:KO) by 53,834 shares to 980,965 shares, valued at $44.15M in 2017Q3, according to the filing. It also reduced its holding in Caterpillar Inc (NYSE:CAT) by 56,488 shares in the quarter, leaving it with 387,934 shares, and cut its stake in Iac/Interactive Corp (NASDAQ:IACI).

Among 14 analysts covering East West Bancorp Inc. (NASDAQ:EWBC), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. East West Bancorp Inc. had 47 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of East West Bancorp, Inc. (NASDAQ:EWBC) has “Buy” rating given on Friday, October 20 by Piper Jaffray. The firm has “Mkt Perform” rating given on Monday, October 5 by Raymond James. The company was downgraded on Friday, July 14 by Deutsche Bank. The firm has “Hold” rating given on Friday, June 23 by Keefe Bruyette & Woods. On Wednesday, January 31 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Wells Fargo upgraded the stock to “Outperform” rating in Friday, October 23 report. On Tuesday, January 9 the stock rating was maintained by Wells Fargo with “Buy”. On Friday, October 20 the stock rating was maintained by Barclays Capital with “Overweight”. The rating was upgraded by Raymond James on Thursday, October 5 to “Market Perform”. SunTrust maintained East West Bancorp, Inc. (NASDAQ:EWBC) on Monday, October 23 with “Buy” rating.

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