Charles Schwab Investment Management Inc. Has $68.47 Million Position in Webster Financial Co. (NYSE:WBS)

Charles Schwab Investment Management Inc. grew its holdings in Webster Financial Co. (NYSE:WBS - Free Report) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,468,942 shares of the financial services provider's stock after purchasing an additional 34,373 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.86% of Webster Financial worth $68,467,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. O Shaughnessy Asset Management LLC increased its holdings in shares of Webster Financial by 25.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,792 shares of the financial services provider's stock valued at $294,000 after purchasing an additional 1,180 shares during the period. Tidal Investments LLC increased its stake in Webster Financial by 11.3% in the 1st quarter. Tidal Investments LLC now owns 10,559 shares of the financial services provider's stock valued at $536,000 after buying an additional 1,069 shares during the period. Atria Investments Inc purchased a new stake in Webster Financial in the 1st quarter worth approximately $1,049,000. Cetera Investment Advisers boosted its stake in shares of Webster Financial by 402.4% during the 1st quarter. Cetera Investment Advisers now owns 32,066 shares of the financial services provider's stock valued at $1,628,000 after buying an additional 25,683 shares during the period. Finally, Cetera Advisors LLC grew its holdings in shares of Webster Financial by 24.4% during the 1st quarter. Cetera Advisors LLC now owns 7,307 shares of the financial services provider's stock valued at $371,000 after acquiring an additional 1,435 shares in the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com lowered Webster Financial from a "hold" rating to a "sell" rating in a research report on Monday, November 18th. Morgan Stanley reduced their target price on shares of Webster Financial from $57.00 to $54.00 and set an "equal weight" rating for the company in a research note on Monday, September 30th. 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 note on Friday, October 18th. Stephens set a $58.00 price objective on shares of Webster Financial in a research note on Thursday, October 17th. Finally, Royal Bank of Canada upped their price objective on shares of Webster Financial from $57.00 to $62.00 and gave the stock an "outperform" rating in a report on Friday, October 18th. One 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $57.85.

Insider Activity at Webster Financial

In other news, CEO John R. Ciulla sold 8,000 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $59.33, for a total value of $474,640.00. Following the sale, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Pettie sold 4,500 shares of the company's stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $51.14, for a total transaction of $230,130.00. Following the completion of the sale, the director now directly owns 32,780 shares in the company, valued at approximately $1,676,369.20. The trade was a 12.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,750 shares of company stock worth $2,074,367. 0.88% of the stock is owned by corporate insiders.

Webster Financial Stock Performance

NYSE WBS traded down $0.24 during trading on Friday, hitting $61.81. The company's stock had a trading volume of 489,466 shares, compared to its average volume of 1,254,636. Webster Financial Co. has a 52 week low of $39.33 and a 52 week high of $63.99. The firm has a market cap of $10.59 billion, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 0.92 and a beta of 1.27. The firm has a 50 day moving average price of $52.66 and a 200 day moving average price of $47.48. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.45.

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

Webster Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date was Friday, November 1st. Webster Financial's dividend payout ratio is presently 36.28%.

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.