Legato Capital Management LLC bought a new stake in shares of Webster Financial Co. (NYSE:WBS – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund bought 13,145 shares of the financial services provider’s stock, valued at approximately $667,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of WBS. Charles Schwab Investment Management Inc. boosted its position in Webster Financial by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,278,976 shares of the financial services provider’s stock valued at $51,556,000 after buying an additional 21,026 shares during the period. FDx Advisors Inc. grew its stake in Webster Financial by 7.6% in the third quarter. FDx Advisors Inc. now owns 5,753 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 408 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Webster Financial by 58.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 319,379 shares of the financial services provider’s stock worth $12,874,000 after purchasing an additional 117,437 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Webster Financial by 15.7% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 83,725 shares of the financial services provider’s stock valued at $3,375,000 after purchasing an additional 11,387 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Webster Financial by 22.6% in the 3rd quarter. FMR LLC now owns 7,258,411 shares of the financial services provider’s stock worth $292,587,000 after buying an additional 1,339,862 shares during the period. 85.58% of the stock is currently owned by hedge funds and other institutional investors.
In other Webster Financial news, insider Charles L. Wilkins sold 3,966 shares of Webster Financial stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $51.56, for a total value of $204,486.96. Following the sale, the insider now owns 49,528 shares in the company, valued at $2,553,663.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Webster Financial news, insider Charles L. Wilkins sold 3,966 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $51.56, for a total transaction of $204,486.96. Following the sale, the insider now directly owns 49,528 shares in the company, valued at approximately $2,553,663.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jack L. Kopnisky sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $50.18, for a total value of $250,900.00. Following the sale, the insider now directly owns 310,041 shares in the company, valued at approximately $15,557,857.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,941 shares of company stock valued at $1,796,482. Insiders own 0.88% of the company’s stock.
Read Our Latest Report on Webster Financial
Shares of NYSE WBS opened at $49.56 on Monday. Webster Financial Co. has a 12 month low of $31.03 and a 12 month high of $53.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The stock has a market cap of $8.51 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.33 and a beta of 1.32. The company has a 50 day simple moving average of $48.46 and a two-hundred day simple moving average of $45.35.
Webster Financial (NYSE:WBS – Get Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.02). Webster Financial had a net margin of 22.01% and a return on equity of 13.05%. The firm had revenue of $996.96 million during the quarter, compared to analysts’ expectations of $674.82 million. During the same period in the previous year, the firm posted $1.60 EPS. As a group, analysts predict that Webster Financial Co. will post 5.92 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Monday, February 5th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Friday, February 2nd. Webster Financial’s dividend payout ratio is currently 32.72%.
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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Want to see what other hedge funds are holding WBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Webster Financial Co. (NYSE:WBS – Free Report).
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