DekaBank Deutsche Girozentrale Sells 17,422 Shares of Webster Financial Co. (NYSE:WBS)

DekaBank Deutsche Girozentrale cut its position in Webster Financial Co. (NYSE:WBS) by 87.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,502 shares of the financial services provider’s stock after selling 17,422 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Webster Financial were worth $128,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Webster Financial by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,278,976 shares of the financial services provider’s stock valued at $51,556,000 after buying an additional 21,026 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its holdings in Webster Financial by 98.1% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 149,258 shares of the financial services provider’s stock valued at $7,576,000 after purchasing an additional 73,924 shares during the last quarter. FDx Advisors Inc. lifted its holdings in Webster Financial by 7.6% during the 3rd quarter. FDx Advisors Inc. now owns 5,753 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 408 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Webster Financial by 58.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 319,379 shares of the financial services provider’s stock valued at $12,874,000 after purchasing an additional 117,437 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Webster Financial by 15.7% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 83,725 shares of the financial services provider’s stock valued at $3,375,000 after purchasing an additional 11,387 shares during the last quarter. 85.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WBS has been the subject of several research reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $64.00 price target on shares of Webster Financial in a report on Tuesday, March 26th. Barclays began coverage on Webster Financial in a report on Friday, March 8th. They set an “overweight” rating and a $70.00 target price for the company. JPMorgan Chase & Co. raised Webster Financial from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $60.00 to $65.00 in a report on Wednesday, January 24th. Citigroup dropped their target price on Webster Financial from $61.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Finally, Jefferies Financial Group dropped their target price on Webster Financial from $65.00 to $56.00 and set a “buy” rating for the company in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.85.

Webster Financial Stock Up 0.1 %

WBS stock opened at $45.40 on Thursday. The company has a market cap of $7.80 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 0.37 and a beta of 1.33. The business has a 50-day simple moving average of $48.01 and a 200 day simple moving average of $46.25. Webster Financial Co. has a 52 week low of $31.03 and a 52 week high of $53.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.41.

Webster Financial (NYSE:WBS) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.02). Webster Financial had a net margin of 22.01% and a return on equity of 13.05%. The business had revenue of $996.96 million during the quarter, compared to the consensus estimate of $674.82 million. During the same quarter in the prior year, the firm earned $1.60 EPS. Sell-side analysts anticipate that Webster Financial Co. will post 5.86 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Monday, February 5th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Friday, February 2nd. Webster Financial’s dividend payout ratio is presently 32.72%.

Insider Buying and Selling at Webster Financial

In other Webster Financial news, insider Christopher J. Motl sold 10,475 shares of Webster Financial stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $52.40, for a total value of $548,890.00. Following the transaction, the insider now owns 63,306 shares in the company, valued at $3,317,234.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Daniel Bley sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $47.60, for a total transaction of $95,200.00. Following the sale, the insider now directly owns 27,955 shares in the company, valued at $1,330,658. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher J. Motl sold 10,475 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $52.40, for a total value of $548,890.00. Following the sale, the insider now owns 63,306 shares in the company, valued at $3,317,234.40. The disclosure for this sale can be found here. Insiders have sold a total of 29,941 shares of company stock worth $1,545,582 over the last 90 days. Insiders own 0.72% of the company’s stock.

Webster Financial Company 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.