Webster Financial Co. (NYSE:WBS) Stake Decreased by Quantbot Technologies LP

Quantbot Technologies LP lessened its holdings in shares of Webster Financial Co. (NYSE:WBS) by 9.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 92,527 shares of the financial services provider’s stock after selling 10,022 shares during the quarter. Quantbot Technologies LP’s holdings in Webster Financial were worth $4,313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Assetmark Inc. increased its stake in shares of Webster Financial by 9.3% during the third quarter. Assetmark Inc. now owns 2,611 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 222 shares during the period. CIBC Asset Management Inc increased its stake in shares of Webster Financial by 5.4% during the second quarter. CIBC Asset Management Inc now owns 4,821 shares of the financial services provider’s stock valued at $210,000 after acquiring an additional 248 shares during the period. Covestor Ltd increased its stake in shares of Webster Financial by 17.0% during the third quarter. Covestor Ltd now owns 1,895 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 276 shares during the period. Creative Financial Designs Inc. ADV grew its position in Webster Financial by 8.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 3,976 shares of the financial services provider’s stock worth $185,000 after buying an additional 311 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Webster Financial by 30.1% in the second quarter. GAMMA Investing LLC now owns 1,629 shares of the financial services provider’s stock worth $71,000 after buying an additional 377 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on WBS. JPMorgan Chase & Co. decreased their price target on shares of Webster Financial from $58.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. Wells Fargo & Company lifted their price target on shares of Webster Financial from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Barclays lifted their price target on shares of Webster Financial from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. StockNews.com lowered shares of Webster Financial from a “hold” rating to a “sell” rating in a research report on Monday, November 18th. Finally, Wedbush lifted their price target on shares of Webster Financial from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.85.

Insider Transactions at Webster Financial

In related news, CAO Albert Jen-Wen Wang sold 4,000 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $52.43, for a total value of $209,720.00. Following the sale, the chief accounting officer now owns 14,273 shares of the company’s stock, valued at $748,333.39. The trade was a 21.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel Bley sold 3,463 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $52.10, for a total transaction of $180,422.30. Following the completion of the transaction, the insider now owns 19,529 shares in the company, valued at approximately $1,017,460.90. This trade represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,750 shares of company stock worth $2,074,367. 0.72% of the stock is currently owned by company insiders.

Webster Financial Stock Down 1.3 %

Webster Financial stock opened at $62.02 on Wednesday. The firm has a market cap of $10.63 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 0.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.86 and a quick ratio of 0.86. Webster Financial Co. has a fifty-two week low of $39.33 and a fifty-two week high of $63.99. The firm has a fifty day moving average price of $51.76 and a two-hundred day moving average price of $47.16.

Webster Financial (NYSE:WBS) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.01). Webster Financial had a return on equity of 11.03% and a net margin of 18.80%. The company had revenue of $647.62 million for the quarter, compared to the consensus estimate of $677.72 million. During the same quarter in the previous year, the firm posted $1.55 EPS. As a group, analysts forecast that Webster Financial Co. will post 5.24 earnings per share for the current year.

Webster Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st were issued a dividend of $0.40 per share. The ex-dividend date was Friday, November 1st. This represents a $1.60 annualized dividend and a dividend yield of 2.58%. Webster Financial’s payout ratio is 36.28%.

Webster Financial Profile

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking.