6,542 Shares in Webster Financial Co. (NYSE:WBS) Bought by Virtu Financial LLC

Virtu Financial LLC bought a new position in shares of Webster Financial Co. (NYSE:WBSFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,542 shares of the financial services provider’s stock, valued at approximately $305,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp increased its stake in shares of Webster Financial by 4.8% in the third quarter. State Street Corp now owns 7,320,930 shares of the financial services provider’s stock valued at $341,229,000 after buying an additional 333,606 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Webster Financial by 28.0% in 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 acquiring an additional 1,206,575 shares during the last quarter. Earnest Partners LLC increased its position in Webster Financial by 0.4% during the 2nd quarter. Earnest Partners LLC now owns 3,086,111 shares of the financial services provider’s stock valued at $134,524,000 after purchasing an additional 13,487 shares during the period. Geode Capital Management LLC raised its holdings in Webster Financial by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,969,928 shares of the financial services provider’s stock worth $138,465,000 after purchasing an additional 54,613 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Webster Financial by 12.9% in the 2nd quarter. American Century Companies Inc. now owns 2,640,425 shares of the financial services provider’s stock worth $115,096,000 after purchasing an additional 301,935 shares during the period. 85.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Webster Financial

In other news, CEO John R. Ciulla sold 8,000 shares of Webster Financial stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $59.33, for a total transaction of $474,640.00. Following the sale, the chief executive officer now directly owns 218,924 shares in the company, valued at $12,988,760.92. The trade was a 3.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Albert Jen-Wen Wang sold 4,000 shares of Webster Financial stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $52.43, for a total transaction of $209,720.00. Following the completion of the transaction, the chief accounting officer now owns 14,273 shares of the company’s stock, valued at $748,333.39. The trade was a 21.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,250 shares of company stock worth $2,105,322. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on WBS shares. StockNews.com upgraded shares of Webster Financial from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Wedbush lifted their price objective on Webster Financial from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Stephens set a $58.00 target price on Webster Financial in a research report on Thursday, October 17th. Wells Fargo & Company raised their target price on Webster Financial from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd. Finally, Morgan Stanley dropped their price target on 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. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.00.

Get Our Latest Stock Report on Webster Financial

Webster Financial Stock Performance

WBS opened at $59.03 on Tuesday. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 0.87 and a beta of 1.29. The company’s fifty day moving average price is $56.00 and its two-hundred day moving average price is $48.76. Webster Financial Co. has a 1-year low of $39.33 and a 1-year 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:WBSGet Free Report) last released its quarterly 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 analyst estimates 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 last year, the firm posted $1.55 EPS. On average, analysts expect that Webster Financial Co. will post 5.24 EPS for the current fiscal year.

Webster Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Friday, November 1st were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Friday, November 1st. Webster Financial’s payout ratio is currently 36.28%.

About Webster Financial

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Webster Financial (NYSE:WBS)

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