Webster Financial Co. (NYSE:WBS) Shares Bought by Sutton Place Investors LLC

Sutton Place Investors LLC increased its position in shares of Webster Financial Co. (NYSE:WBS - Free Report) by 59.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,899 shares of the financial services provider's stock after acquiring an additional 5,529 shares during the period. Sutton Place Investors LLC's holdings in Webster Financial were worth $823,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of Webster Financial during the third quarter valued at $27,000. UMB Bank n.a. raised its stake in shares of Webster Financial by 340.7% during the third quarter. UMB Bank n.a. now owns 595 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 460 shares during the last quarter. R Squared Ltd bought a new position in shares of Webster Financial during the fourth quarter valued at $43,000. Brooklyn Investment Group bought a new position in shares of Webster Financial during the third quarter valued at $53,000. Finally, NBC Securities Inc. raised its stake in Webster Financial by 117.9% during the third quarter. NBC Securities Inc. now owns 1,268 shares of the financial services provider's stock worth $59,000 after buying an additional 686 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company's stock.

Insider Transactions at Webster Financial

In related news, insider Daniel Bley sold 500 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $61.91, for a total transaction of $30,955.00. Following the sale, the insider now directly owns 17,279 shares of the company's stock, valued at approximately $1,069,742.89. This represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John R. Ciulla sold 8,000 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $59.33, for a total transaction of $474,640.00. Following the sale, the chief executive officer now directly owns 218,924 shares in the company, valued at approximately $12,988,760.92. The trade was a 3.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,150 shares of company stock valued at $903,085 in the last three months. 0.72% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of Webster Financial from a "sell" rating to a "hold" rating in a research note on Saturday, January 11th. Stephens set a $58.00 target price on shares of Webster Financial in a research note on Thursday, October 17th. Wells Fargo & Company raised shares of Webster Financial from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $70.00 to $75.00 in a research note on Monday, January 6th. UBS Group initiated coverage on shares of Webster Financial in a report on Tuesday, December 17th. They issued a "buy" rating and a $76.00 price target for the company. Finally, Royal Bank of Canada raised their price target on shares of Webster Financial from $66.00 to $68.00 and gave the stock an "outperform" rating in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.08.

Webster Financial Trading Up 0.3 %

NYSE:WBS traded up $0.16 during midday trading on Wednesday, reaching $60.40. 299,930 shares of the stock traded hands, compared to its average volume of 1,019,272. The company has a fifty day moving average of $57.87 and a 200 day moving average of $52.24. Webster Financial Co. has a 12 month low of $39.33 and a 12 month high of $63.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $10.35 billion, a P/E ratio of 13.82, a PEG ratio of 1.07 and a beta of 1.29.

Webster Financial (NYSE:WBS - Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The financial services provider reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.08. Webster Financial had a net margin of 18.39% and a return on equity of 10.82%. The company had revenue of $661.00 million during the quarter, compared to analyst estimates of $687.53 million. During the same period in the prior year, the business posted $1.46 EPS. On average, research analysts predict that Webster Financial Co. will post 5.84 EPS for the current year.

Webster Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, February 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Monday, February 10th. Webster Financial's dividend payout ratio is presently 36.61%.

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.