Quadrature Capital Ltd Sells 9,667 Shares of Webster Financial Co. (NYSE:WBS)

Quadrature Capital Ltd trimmed its position in Webster Financial Co. (NYSE:WBS - Free Report) by 42.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,863 shares of the financial services provider's stock after selling 9,667 shares during the quarter. Quadrature Capital Ltd's holdings in Webster Financial were worth $600,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP grew its stake in shares of Webster Financial by 63.7% in the third quarter. Quantinno Capital Management LP now owns 8,884 shares of the financial services provider's stock valued at $414,000 after acquiring an additional 3,456 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Webster Financial in the 3rd quarter valued at about $312,000. HighTower Advisors LLC grew its position in shares of Webster Financial by 6.8% during the 3rd quarter. HighTower Advisors LLC now owns 31,978 shares of the financial services provider's stock worth $1,488,000 after purchasing an additional 2,032 shares in the last quarter. Holocene Advisors LP acquired a new position in shares of Webster Financial during the 3rd quarter worth approximately $8,059,000. Finally, Cinctive Capital Management LP bought a new position in shares of Webster Financial during the third quarter worth approximately $2,639,000. Institutional investors own 85.58% of the company's stock.

Webster Financial Price Performance

NYSE:WBS traded down $0.90 on Monday, hitting $59.11. The company had a trading volume of 576,986 shares, compared to its average volume of 1,239,565. The firm has a 50 day moving average of $54.33 and a two-hundred day moving average of $48.11. The stock has a market capitalization of $10.13 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 52 week low of $39.33 and a 52 week high of $63.99. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.45.

Webster Financial (NYSE:WBS - Get Free Report) last announced 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). The firm had revenue of $647.62 million during the quarter, compared to the consensus estimate of $677.72 million. Webster Financial had a net margin of 18.80% and a return on equity of 11.03%. During the same quarter in the previous year, the company posted $1.55 earnings per share. On average, research analysts anticipate that Webster Financial Co. will post 5.24 earnings per share for the current year.

Webster Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Friday, November 1st were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Friday, November 1st. Webster Financial's dividend payout ratio (DPR) is currently 36.28%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WBS. Wells Fargo & Company boosted their price target on Webster Financial from $60.00 to $70.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. cut their target price on Webster Financial from $58.00 to $55.00 and set an "overweight" rating for the company in a research report on Wednesday, October 9th. Royal Bank of Canada raised their price target on Webster Financial from $57.00 to $62.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. StockNews.com raised Webster Financial from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Stephens set a $58.00 price objective on shares of Webster Financial in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.08.

Insider Transactions at Webster Financial

In other news, Director Mark Pettie sold 4,500 shares of Webster Financial stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $51.14, for a total transaction of $230,130.00. Following the transaction, the director now owns 32,780 shares in the company, valued at approximately $1,676,369.20. The trade was a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Bley sold 500 shares of the company's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $61.91, for a total value of $30,955.00. Following the completion of the sale, the insider now owns 17,279 shares in the company, valued at $1,069,742.89. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,250 shares of company stock worth $2,105,322. Insiders own 0.88% of the company's stock.

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.