Invesco Ltd. Has $270.36 Million Stock Holdings in Webster Financial Co. (NYSE:WBS)

Invesco Ltd. cut its holdings in Webster Financial Co. (NYSE:WBS - Free Report) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,896,061 shares of the financial services provider's stock after selling 37,423 shares during the quarter. Invesco Ltd. owned about 2.86% of Webster Financial worth $270,360,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ acquired a new stake in Webster Financial in the 4th quarter valued at approximately $26,000. Headlands Technologies LLC bought a new stake in Webster Financial in the 4th quarter valued at $32,000. R Squared Ltd acquired a new stake in Webster Financial during the fourth quarter worth about $43,000. UMB Bank n.a. lifted its position in shares of Webster Financial by 88.1% in the 4th quarter. UMB Bank n.a. now owns 1,119 shares of the financial services provider's stock worth $62,000 after acquiring an additional 524 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its holdings in shares of Webster Financial by 742.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,264 shares of the financial services provider's stock worth $70,000 after purchasing an additional 1,114 shares in the last quarter. 85.58% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO John R. Ciulla sold 8,000 shares of Webster Financial stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $57.43, for a total transaction of $459,440.00. Following the transaction, the chief executive officer now directly owns 210,051 shares of the company's stock, valued at $12,063,228.93. This trade represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Laurence C. Morse sold 13,217 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $59.07, for a total transaction of $780,728.19. Following the completion of the sale, the director now owns 18,808 shares of the company's stock, valued at approximately $1,110,988.56. This represents a 41.27 % decrease in their position. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by company insiders.

Remove Ads

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on WBS shares. Morgan Stanley reduced their price objective on shares of 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 decreased their price objective on Webster Financial from $75.00 to $60.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Raymond James dropped their target price on Webster Financial from $65.00 to $58.00 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. Barclays decreased their price target on Webster Financial from $80.00 to $72.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group began coverage on Webster Financial in a report on Tuesday, December 17th. They set a "buy" rating and a $76.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Webster Financial currently has an average rating of "Moderate Buy" and an average target price of $61.92.

Webster Financial Trading Up 2.0 %

Shares of WBS traded up $0.86 during trading hours on Tuesday, hitting $44.30. 797,866 shares of the stock traded hands, compared to its average volume of 1,260,732. 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 firm has a market capitalization of $7.59 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 1.02 and a beta of 1.05. The business has a fifty day moving average of $51.99 and a 200-day moving average of $54.42. Webster Financial Co. has a 1-year low of $39.34 and a 1-year high of $63.99.

Webster Financial (NYSE:WBS - Get Free Report) last released its earnings results 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 firm had revenue of $661.00 million during the quarter, compared to analyst estimates of $687.53 million. Webster Financial had a net margin of 18.39% and a return on equity of 10.82%. During the same quarter in the previous year, the business earned $1.46 EPS. Analysts expect that Webster Financial Co. will post 5.88 EPS for the current year.

Webster Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Monday, February 10th. Webster Financial's dividend payout ratio (DPR) is currently 36.61%.

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.