AMP Capital Investors Ltd lifted its holdings in Webster Financial Co. (NYSE:WBS) by 20.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,160 shares of the financial services provider’s stock after purchasing an additional 10,570 shares during the period. AMP Capital Investors Ltd owned about 0.07% of Webster Financial worth $3,491,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. First Trust Advisors LP boosted its holdings in Webster Financial by 10.1% in the 3rd quarter. First Trust Advisors LP now owns 31,884 shares of the financial services provider’s stock worth $1,676,000 after buying an additional 2,918 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Webster Financial in the 3rd quarter worth about $456,000. Principal Financial Group Inc. boosted its holdings in Webster Financial by 0.5% in the 3rd quarter. Principal Financial Group Inc. now owns 391,952 shares of the financial services provider’s stock worth $20,597,000 after buying an additional 1,914 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Webster Financial by 26.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 44,018 shares of the financial services provider’s stock worth $2,313,000 after buying an additional 9,192 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Webster Financial by 1,858.5% in the 3rd quarter. Sei Investments Co. now owns 11,849 shares of the financial services provider’s stock worth $623,000 after buying an additional 11,244 shares during the last quarter. Hedge funds and other institutional investors own 94.60% of the company’s stock.
In related news, Director Joel S. Becker sold 5,064 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $54.22, for a total value of $274,570.08. Following the transaction, the director now directly owns 58,283 shares in the company, valued at $3,160,104.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel Bley sold 2,917 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $58.27, for a total value of $169,973.59. Following the completion of the transaction, the executive vice president now owns 19,804 shares in the company, valued at $1,153,979.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,272 shares of company stock worth $629,959. Insiders own 2.20% of the company’s stock.
Several equities research analysts recently issued reports on WBS shares. Wells Fargo reiterated a “market perform” rating and issued a $60.00 price objective (up from $55.00) on shares of Webster Financial in a report on Tuesday, January 9th. Morgan Stanley lifted their price objective on Webster Financial from $54.00 to $56.00 and gave the stock an “underweight” rating in a report on Friday, January 26th. Boenning Scattergood reiterated a “hold” rating on shares of Webster Financial in a report on Wednesday, January 24th. Piper Jaffray Companies reiterated a “hold” rating and issued a $56.00 price objective on shares of Webster Financial in a report on Tuesday, January 23rd. Finally, Zacks Investment Research cut Webster Financial from a “buy” rating to a “hold” rating and set a $63.00 target price on the stock. in a report on Saturday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Webster Financial presently has a consensus rating of “Hold” and an average price target of $59.82.
WBS stock opened at $56.99 on Wednesday. The firm has a market capitalization of $5,295.46, a P/E ratio of 21.42, a PEG ratio of 2.13 and a beta of 1.14. Webster Financial Co. has a twelve month low of $44.04 and a twelve month high of $60.32. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.74.
Webster Financial (NYSE:WBS) last issued its earnings results on Tuesday, January 23rd. The financial services provider reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.06. The business had revenue of $270.97 million for the quarter, compared to analysts’ expectations of $269.64 million. Webster Financial had a return on equity of 9.91% and a net margin of 21.77%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. research analysts predict that Webster Financial Co. will post 3.37 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, February 12th. Webster Financial’s dividend payout ratio is currently 39.10%.
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About Webster Financial
Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.
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