461,131 Shares in Webster Financial Co. (NYSE:WBS) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased a new stake in shares of Webster Financial Co. (NYSE:WBS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 461,131 shares of the financial services provider's stock, valued at approximately $25,464,000. ExodusPoint Capital Management LP owned about 0.27% of Webster Financial as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of WBS. Hennion & Walsh Asset Management Inc. bought a new stake in Webster Financial in the 4th quarter valued at $269,000. Park Avenue Securities LLC acquired a new position in Webster Financial in the fourth quarter worth about $246,000. HighTower Advisors LLC lifted its stake in Webster Financial by 6.8% during the third quarter. HighTower Advisors LLC now owns 31,978 shares of the financial services provider's stock worth $1,488,000 after purchasing an additional 2,032 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Webster Financial by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,507,655 shares of the financial services provider's stock valued at $83,253,000 after purchasing an additional 38,713 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Webster Financial in the 4th quarter valued at approximately $3,549,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Webster Financial Trading Up 1.0 %

Shares of WBS stock traded up $0.43 on Tuesday, reaching $42.88. The company had a trading volume of 353,640 shares, compared to its average volume of 1,245,198. The company has a 50-day moving average of $54.29 and a 200-day moving average of $54.63. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.34. The stock has a market cap of $7.35 billion, a PE ratio of 9.79, a PEG ratio of 1.02 and a beta of 1.05. Webster Financial Co. has a 12 month low of $39.34 and a 12 month high of $63.99.

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Webster Financial (NYSE:WBS - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The financial services provider reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.08. The company had revenue of $661.00 million during the quarter, compared to the consensus estimate of $687.53 million. Webster Financial had a net margin of 18.39% and a return on equity of 10.82%. During the same period in the prior year, the business posted $1.46 EPS. On average, equities analysts forecast that Webster Financial Co. will post 5.88 earnings per share for the current year.

Webster Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Monday, February 10th. Webster Financial's dividend payout ratio (DPR) is 36.61%.

Insider Activity

In other news, Director Laurence C. Morse sold 13,217 shares of Webster Financial stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $59.07, for a total value of $780,728.19. Following the completion of the transaction, the director now owns 18,808 shares of the company's stock, valued at $1,110,988.56. This trade represents a 41.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John R. Ciulla sold 8,000 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $57.43, for a total transaction of $459,440.00. Following the completion of the sale, the chief executive officer now directly owns 210,051 shares in the company, valued at approximately $12,063,228.93. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on WBS shares. Raymond James dropped their price objective on Webster Financial from $65.00 to $58.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. UBS Group began coverage on shares of Webster Financial in a report on Tuesday, December 17th. They set a "buy" rating and a $76.00 price objective for the company. Morgan Stanley dropped their price target on Webster Financial from $75.00 to $66.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Wells Fargo & Company upgraded Webster Financial from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $70.00 to $75.00 in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Webster Financial from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Webster Financial presently has a consensus rating of "Moderate Buy" and an average target price of $62.92.

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.