Qsemble Capital Management LP Sells 18,598 Shares of Webster Financial Co. (NYSE:WBS)

Qsemble Capital Management LP lessened its holdings in shares of Webster Financial Co. (NYSE:WBS - Free Report) by 57.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,822 shares of the financial services provider's stock after selling 18,598 shares during the period. Qsemble Capital Management LP's holdings in Webster Financial were worth $644,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of WBS. Assetmark Inc. boosted its holdings in shares of Webster Financial by 9.3% in the third quarter. Assetmark Inc. now owns 2,611 shares of the financial services provider's stock valued at $122,000 after buying an additional 222 shares during the period. CIBC Asset Management Inc grew its holdings 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 worth $210,000 after buying an additional 248 shares in the last quarter. Covestor Ltd boosted its position in Webster Financial by 17.0% during the 3rd quarter. Covestor Ltd now owns 1,895 shares of the financial services provider's stock worth $89,000 after acquiring an additional 276 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of 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 valued at $185,000 after purchasing an additional 311 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Webster Financial by 30.1% during the second quarter. GAMMA Investing LLC now owns 1,629 shares of the financial services provider's stock worth $71,000 after purchasing an additional 377 shares during the last quarter. 85.58% of the stock is owned by institutional investors.

Insider Transactions at Webster Financial

In related news, insider Javier L. Evans sold 10,137 shares of Webster Financial stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $57.41, for a total value of $581,965.17. Following the completion of the transaction, the insider now directly owns 22,657 shares in the company, valued at approximately $1,300,738.37. The trade was a 30.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Pettie sold 4,500 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $51.14, for a total value of $230,130.00. Following the sale, the director now owns 32,780 shares in the company, valued at approximately $1,676,369.20. This represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,750 shares of company stock worth $2,074,367 in the last 90 days. Insiders own 0.88% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Royal Bank of Canada upped their target price on Webster Financial from $57.00 to $62.00 and gave the stock an "outperform" rating in a report on Friday, October 18th. StockNews.com cut shares of Webster Financial from a "hold" rating to a "sell" rating in a report on Monday, November 18th. Stephens set a $58.00 price target on shares of Webster Financial in a research report on Thursday, October 17th. JPMorgan Chase & Co. lowered their price objective on Webster Financial from $58.00 to $55.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company upped their target price on Webster Financial from $50.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $57.85.

Webster Financial Stock Up 0.0 %

Shares of Webster Financial stock traded up $0.03 during trading hours on Wednesday, reaching $62.05. The company's stock had a trading volume of 624,881 shares, compared to its average volume of 1,257,963. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 0.86. The stock's fifty day simple moving average is $52.08 and its two-hundred day simple moving average is $47.27. The company has a market capitalization of $10.64 billion, a P/E ratio of 14.11, a P/E/G ratio of 0.93 and a beta of 1.27. Webster Financial Co. has a one year low of $39.33 and a one year high of $63.99.

Webster Financial (NYSE:WBS - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.34 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 during the quarter, compared to analysts' expectations of $677.72 million. During the same period last year, the company earned $1.55 earnings per share. On average, research analysts forecast that Webster Financial Co. will post 5.24 earnings per share for the current year.

Webster Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.60 annualized dividend and a dividend yield of 2.58%. Webster Financial's dividend payout ratio is currently 36.28%.

About Webster Financial

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.