XTX Topco Ltd Makes New Investment in Webster Financial Corporation $WBS

XTX Topco Ltd acquired a new position in shares of Webster Financial Corporation (NYSE:WBS) in the 2nd quarter, Holdings Channel reports. The fund acquired 34,181 shares of the financial services provider’s stock, valued at approximately $1,866,000.

Several other large investors have also modified their holdings of WBS. Dimensional Fund Advisors LP raised its stake in Webster Financial by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,108,082 shares of the financial services provider’s stock worth $366,408,000 after acquiring an additional 487,264 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Webster Financial by 3.1% during the first quarter. Invesco Ltd. now owns 5,049,297 shares of the financial services provider’s stock worth $260,291,000 after purchasing an additional 153,236 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Webster Financial by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,597,943 shares of the financial services provider’s stock worth $237,025,000 after purchasing an additional 42,406 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Webster Financial by 14.5% in the 2nd quarter. American Century Companies Inc. now owns 3,453,778 shares of the financial services provider’s stock valued at $188,576,000 after purchasing an additional 438,131 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its position in shares of Webster Financial by 1.5% in the 2nd quarter. Pzena Investment Management LLC now owns 1,612,758 shares of the financial services provider’s stock valued at $88,057,000 after purchasing an additional 23,605 shares during the period. Institutional investors and hedge funds own 85.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on WBS. Cowen initiated coverage on Webster Financial in a research report on Wednesday, September 24th. They set a “buy” rating on the stock. Barclays raised their target price on shares of Webster Financial from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Cantor Fitzgerald initiated coverage on shares of Webster Financial in a research report on Wednesday, September 10th. They issued an “overweight” rating and a $70.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on shares of Webster Financial from $70.00 to $68.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 1st. Finally, Raymond James Financial restated an “outperform” rating and issued a $65.00 price objective (down from $68.00) on shares of Webster Financial in a research note on Monday, October 20th. Thirteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.85.

Webster Financial Stock Performance

NYSE:WBS opened at $59.43 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 0.50 and a beta of 1.13. The firm’s fifty day moving average price is $57.73 and its 200 day moving average price is $57.16. Webster Financial Corporation has a 1-year low of $39.43 and a 1-year high of $63.59.

Webster Financial (NYSE:WBS) last released its earnings results on Friday, October 17th. The financial services provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.52 by $0.02. The company had revenue of $756.06 million during the quarter, compared to analysts’ expectations of $725.22 million. Webster Financial had a net margin of 21.32% and a return on equity of 11.07%. During the same quarter last year, the business earned $1.34 EPS. On average, sell-side analysts expect that Webster Financial Corporation will post 5.88 EPS for the current year.

Webster Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Monday, November 10th were given a $0.40 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.7%. Webster Financial’s dividend payout ratio (DPR) is presently 29.80%.

Insider Buying and Selling

In other Webster Financial news, CEO John R. Ciulla sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $55.45, for a total transaction of $443,600.00. Following the transaction, the chief executive officer owned 231,872 shares in the company, valued at approximately $12,857,302.40. The trade was a 3.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Elzbieta Cieslik sold 2,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $61.58, for a total value of $123,160.00. Following the transaction, the chief accounting officer directly owned 14,894 shares of the company’s stock, valued at approximately $917,172.52. This trade represents a 11.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,000 shares of company stock worth $628,380 in the last ninety days. 0.54% of the stock is owned by corporate insiders.

Webster Financial 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.