1 week Ago By Defense World Staff
JPMorgan Chase & Co. increased its stake in shares of Webster Financial Co. (NYSE:WBS – Free Report) by 14.
2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 513,836 shares of the financial services provider’s stock after buying an additional 63,926 shares during the quarter. JPMorgan Chase & Co.
owned about 0.30% of Webster Financial worth $28,374,000 at the end of the most recent reporting period. A number of other large investors have also added to or reduced their stakes in the stock.
State Street Corp boosted its position in shares of Webster Financial by 4.8% during the 3rd 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.
Geode Capital Management LLC boosted its holdings in shares of Webster Financial by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,969,928 shares of the financial services provider’s stock valued at $138,465,000 after purchasing an additional 54,613 shares in the last quarter.
Sei Investments Co. increased its stake in shares of Webster Financial by 7.0% in the 4th quarter.
Sei Investments Co. now owns 1,975,992 shares of the financial services provider’s stock valued at $109,114,000 after purchasing an additional 129,675 shares during the last quarter. Charles Schwab Investment Management Inc.
raised its holdings in shares of Webster Financial by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc.
now owns 1,507,655 shares of the financial services provider’s stock worth $83,253,000 after buying an additional 38,713 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its position in shares of Webster Financial by 759.8% during the 4th quarter.
TimesSquare Capital Management LLC now owns 823,280 shares of the financial services provider’s stock worth $45,462,000 after buying an additional 727,530 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.
Webster Financial Price PerformanceWebster Financial stock opened at $41.69 on Wednesday. Webster Financial Co.
has a one year low of $39.34 and a one year high of $63.99.
The firm has a market capitalization of $7.14 billion, a P/E ratio of 9.54, a PEG ratio of 1.
02 and a beta of 1.05. The company has a debt-to-equity ratio of 0.
34, a current ratio of 0.84 and a quick ratio of 0.84.
The business has a fifty day moving average price of $53.57 and a 200-day moving average price of $54.50.
Webster Financial (NYSE:WBS – Get Free Report) last announced its earnings results on Friday, January 17th. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.
35 by $0.08. The business had revenue of $661.
00 million for the quarter, compared to the consensus estimate of $687.53 million. Webster Financial had a net margin of 18.
39% and a return on equity of 10.82%. During the same period last year, the firm posted $1.
46 earnings per share. As a group, equities research analysts forecast that Webster Financial Co. will post 5.
88 EPS for the current year. Webster Financial Announces DividendThe business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were issued a $0.
40 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.
60 annualized dividend and a yield of 3.84%. Webster Financial’s dividend payout ratio (DPR) is presently 36.
61%. Wall Street Analysts Forecast GrowthWBS has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on Webster Financial from $66.
00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. UBS Group began coverage on Webster Financial in a research note on Tuesday, December 17th.
They set a “buy” rating and a $76.00 price target on the stock. StockNews.
com raised Webster Financial from a “sell” rating to a “hold” rating in a research note on Saturday, January 11th. Morgan Stanley reduced their target price 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of Webster Financial from $67.
00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock.
Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $63.17.Check Out Our Latest Analysis on WBSInsiders Place Their BetsIn other news, Director Laurence C.
Morse sold 13,217 shares of the business’s stock in a transaction that occurred on 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 directly owns 18,808 shares of the company’s stock, valued at $1,110,988.56.
The trade was a 41.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Also, CEO John R. Ciulla sold 8,000 shares of Webster Financial stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $57.
43, for a total transaction of $459,440.00. Following the transaction, the chief executive officer now owns 210,051 shares in the company, valued at $12,063,228.
93. This represents a 3.67 % decrease in their position.
The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.
Webster Financial Profile (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.Featured ArticlesFive stocks we like better than Webster FinancialWhat is a Dividend King? Tariff-Proof Stocks: 3 Big Bargains With Huge Upside PotentialWhat is Insider Trading? What You Can Learn from Insider TradingQualcomm Breaks Down But RSI Signals It’s Severely OversoldESG Stocks, What Investors Should KnowTesla’s #1 Bull Cuts Target But Says It’s Still a Buy.
