Webster Financial Corporation (WBS) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP reduced its stake in Webster Financial Corporation (NYSE:WBS) by 2.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 184,146 shares of the financial services provider’s stock after selling 4,270 shares during the quarter. Systematic Financial Management LP owned about 0.20% of Webster Financial Corporation worth $9,616,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Webster Financial Corporation by 14,031.4% in the 1st quarter. BlackRock Inc. now owns 10,092,772 shares of the financial services provider’s stock valued at $505,043,000 after purchasing an additional 10,021,351 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Webster Financial Corporation by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 7,564,362 shares of the financial services provider’s stock valued at $378,521,000 after purchasing an additional 395,457 shares during the last quarter. State Street Corp raised its position in shares of Webster Financial Corporation by 12.5% in the 1st quarter. State Street Corp now owns 5,006,188 shares of the financial services provider’s stock valued at $250,503,000 after purchasing an additional 556,988 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Webster Financial Corporation by 6.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,558,723 shares of the financial services provider’s stock valued at $178,078,000 after purchasing an additional 209,899 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Webster Financial Corporation by 2.7% in the 1st quarter. Macquarie Group Ltd. now owns 2,945,928 shares of the financial services provider’s stock valued at $147,414,000 after purchasing an additional 76,925 shares during the last quarter. 94.09% of the stock is owned by hedge funds and other institutional investors.

Webster Financial Corporation (WBS) opened at 45.29 on Friday. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 18.87 and a beta of 1.27. The firm’s 50-day moving average is $48.71 and its 200-day moving average is $50.95. Webster Financial Corporation has a 52-week low of $36.96 and a 52-week high of $57.50.

Webster Financial Corporation (NYSE:WBS) last released its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.04. The firm had revenue of $262.50 million during the quarter, compared to analysts’ expectations of $260.91 million. Webster Financial Corporation had a return on equity of 9.49% and a net margin of 20.43%. During the same quarter in the prior year, the business posted $0.53 earnings per share. Analysts predict that Webster Financial Corporation will post $2.55 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, August 3rd. Webster Financial Corporation’s payout ratio is 43.33%.

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In other Webster Financial Corporation news, EVP Daniel Bley sold 8,000 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $51.20, for a total value of $409,600.00. Following the completion of the transaction, the executive vice president now owns 25,657 shares in the company, valued at $1,313,638.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nitin J. Mhatre sold 31,940 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $51.34, for a total value of $1,639,799.60. Following the completion of the transaction, the executive vice president now owns 23,120 shares of the company’s stock, valued at approximately $1,186,980.80. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Several equities analysts recently commented on the stock. ValuEngine raised shares of Webster Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub lowered shares of Webster Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Zacks Investment Research lowered shares of Webster Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Piper Jaffray Companies reaffirmed a “sell” rating and issued a $46.00 price objective on shares of Webster Financial Corporation in a research report on Friday, July 14th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $53.00 price objective on shares of Webster Financial Corporation in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Webster Financial Corporation presently has a consensus rating of “Hold” and a consensus price target of $53.00.

Webster Financial Corporation Company Profile

Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.

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

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