UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $18.18 Million Stock Position in Webster Financial Co. (NYSE:WBS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Webster Financial Co. (NYSE:WBS - Free Report) by 9.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 390,054 shares of the financial services provider's stock after selling 41,486 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of Webster Financial worth $18,180,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Webster Financial during the third quarter worth approximately $27,000. UMB Bank n.a. increased its stake in Webster Financial by 340.7% during the 3rd quarter. UMB Bank n.a. now owns 595 shares of the financial services provider's stock worth $28,000 after acquiring an additional 460 shares during the period. Hantz Financial Services Inc. acquired a new position in Webster Financial in the 2nd quarter valued at $32,000. Brooklyn Investment Group bought a new stake in shares of Webster Financial during the 3rd quarter valued at $53,000. Finally, Mather Group LLC. grew its holdings in shares of Webster Financial by 7,650.0% during the 2nd quarter. Mather Group LLC. now owns 1,240 shares of the financial services provider's stock worth $54,000 after purchasing an additional 1,224 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors.

Webster Financial Trading Up 0.2 %

Shares of NYSE:WBS traded up $0.13 during mid-day trading on Friday, reaching $60.01. 602,448 shares of the company's stock were exchanged, compared to its average volume of 1,115,920. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 0.89 and a beta of 1.29. Webster Financial Co. has a twelve month low of $39.33 and a twelve month high of $63.99. The business's fifty day moving average price is $54.33 and its 200-day moving average price is $48.07. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 0.86.

Webster Financial (NYSE:WBS - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.01). Webster Financial had a net margin of 18.80% and a return on equity of 11.03%. The company had revenue of $647.62 million during the quarter, compared to the consensus estimate of $677.72 million. During the same quarter last year, the firm posted $1.55 EPS. On average, research analysts predict that Webster Financial Co. will post 5.24 EPS for the current fiscal year.

Webster Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders 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 yield of 2.67%. Webster Financial's payout ratio is 36.28%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WBS shares. StockNews.com raised Webster Financial from a "sell" rating to a "hold" rating in a research note on Friday. Wells Fargo & Company boosted their target price on shares of Webster Financial from $60.00 to $70.00 and gave the company an "equal weight" rating in a research report on Tuesday. Wedbush increased 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. Stephens set a $58.00 price objective on Webster Financial in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Webster Financial from $58.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Webster Financial currently has an average rating of "Moderate Buy" and a consensus price target of $59.08.

Insider Transactions at Webster Financial

In other Webster Financial news, Director Mark Pettie sold 4,500 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $51.14, for a total transaction of $230,130.00. Following the transaction, the director now directly owns 32,780 shares in the company, valued at approximately $1,676,369.20. This represents a 12.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Albert Jen-Wen Wang sold 4,000 shares of Webster Financial stock in a transaction on Monday, October 21st. The shares were sold at an average price of $52.43, for a total transaction of $209,720.00. Following the completion of the sale, the chief accounting officer now owns 14,273 shares of the company's stock, valued at $748,333.39. This represents a 21.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,250 shares of company stock worth $2,105,322. Company insiders own 0.88% of the company's stock.

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.