Webster Financial Co. (NYSE:WBS) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lowered its holdings in Webster Financial Co. (NYSE:WBS - Free Report) by 54.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,672 shares of the financial services provider's stock after selling 8,130 shares during the quarter. XTX Topco Ltd's holdings in Webster Financial were worth $368,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WBS. Skandinaviska Enskilda Banken AB publ acquired a new stake in Webster Financial during the 4th quarter worth about $26,000. Headlands Technologies LLC purchased a new position in Webster Financial during the fourth quarter valued at approximately $32,000. R Squared Ltd acquired a new position in Webster Financial in the fourth quarter valued at approximately $43,000. UMB Bank n.a. boosted its position in 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 purchasing an additional 524 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its stake 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 during the period. Hedge funds and other institutional investors own 85.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WBS. Morgan Stanley lowered their price target on shares of Webster Financial from $75.00 to $66.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. JPMorgan Chase & Co. lowered their target price on shares of Webster Financial from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 7th. StockNews.com upgraded Webster Financial from a "sell" rating to a "hold" rating in a research report on Saturday, January 11th. Barclays reduced their price target on Webster Financial from $80.00 to $72.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company dropped 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. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $61.92.

Webster Financial Trading Up 3.5 %

Shares of WBS opened at $46.10 on Wednesday. Webster Financial Co. has a 52-week low of $39.34 and a 52-week high of $63.99. The stock has a market cap of $7.76 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 1.02 and a beta of 1.05. The firm's fifty day moving average is $50.19 and its two-hundred day moving average is $54.35. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.34.

Webster Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.60 annualized dividend and a yield of 3.47%. Webster Financial's dividend payout ratio is presently 36.61%.

Insider Buying and Selling at Webster Financial

In related news, CEO John R. Ciulla sold 8,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $57.43, for a total transaction of $459,440.00. Following the completion of the sale, the chief executive officer now directly owns 210,051 shares in the company, valued at approximately $12,063,228.93. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Laurence C. Morse sold 13,217 shares of the business's stock in a transaction dated 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 transaction, the director now owns 18,808 shares in the company, valued at $1,110,988.56. The trade was a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.88% of the stock is owned by insiders.

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.

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