XTX Topco Ltd Buys New Shares in Webster Financial Co. (NYSE:WBS)

XTX Topco Ltd bought a new stake in Webster Financial Co. (NYSE:WBS - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,802 shares of the financial services provider's stock, valued at approximately $690,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Webster Financial by 28.0% during the second quarter. Dimensional Fund Advisors LP now owns 5,522,044 shares of the financial services provider's stock valued at $240,687,000 after purchasing an additional 1,206,575 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Webster Financial by 64.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,604,198 shares of the financial services provider's stock valued at $69,927,000 after buying an additional 631,080 shares in the last quarter. Bank of Montreal Can grew its position in Webster Financial by 182.7% in the third quarter. Bank of Montreal Can now owns 959,180 shares of the financial services provider's stock valued at $44,496,000 after acquiring an additional 619,934 shares during the period. Assenagon Asset Management S.A. acquired a new position in Webster Financial during the third quarter worth $22,146,000. Finally, State Street Corp raised its stake in Webster Financial by 4.8% during the third quarter. State Street Corp now owns 7,320,930 shares of the financial services provider's stock worth $341,229,000 after acquiring an additional 333,606 shares in the last quarter. 85.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of Webster Financial from $57.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Monday, September 30th. Wedbush upped their price objective 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. Royal Bank of Canada raised 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. JPMorgan Chase & Co. reduced their target price on Webster Financial from $58.00 to $55.00 and set an "overweight" rating on the stock in a report on Wednesday, October 9th. Finally, StockNews.com raised Webster Financial from a "sell" rating to a "hold" rating in a report on Friday, December 6th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $59.08.

Webster Financial Trading Down 1.0 %

NYSE WBS traded down $0.62 during trading hours on Thursday, hitting $59.07. The company's stock had a trading volume of 842,969 shares, compared to its average volume of 1,237,146. Webster Financial Co. has a twelve month low of $39.33 and a twelve month high of $63.99. The firm has a market capitalization of $10.13 billion, a P/E ratio of 13.54, a PEG ratio of 0.87 and a beta of 1.29. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.45. The stock has a fifty day moving average of $55.16 and a 200 day moving average of $48.40.

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 company 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 period last year, the company earned $1.55 earnings per share. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Friday, November 1st were issued a $0.40 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.60 annualized dividend and a dividend yield of 2.71%. Webster Financial's dividend payout ratio (DPR) is currently 36.28%.

Insider Transactions at Webster Financial

In related news, Director Mark Pettie sold 4,500 shares of the business's stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $51.14, for a total value of $230,130.00. Following the sale, the director now directly owns 32,780 shares of the company's stock, valued at approximately $1,676,369.20. The trade was a 12.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel Bley sold 500 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $61.91, for a total value of $30,955.00. Following the transaction, the insider now owns 17,279 shares of the company's stock, valued at approximately $1,069,742.89. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,250 shares of company stock valued at $2,105,322 over the last 90 days. 0.88% of the stock is owned by company 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.