110,480 Shares in Webster Financial Corporation $WBS Bought by Jupiter Topco LLC

Jupiter Topco LLC acquired a new stake in shares of Webster Financial Corporation (NYSE:WBS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 110,480 shares of the financial services provider’s stock, valued at approximately $8,443,000. Jupiter Topco LLC owned about 0.07% of Webster Financial at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WBS. BlackRock Inc. bought a new position in shares of Webster Financial during the second quarter worth about $1,182,130,000. Norges Bank acquired a new stake in Webster Financial during the fourth quarter valued at approximately $142,035,000. Bank of Nova Scotia acquired a new stake in Webster Financial during the second quarter valued at approximately $154,797,000. Alyeska Investment Group L.P. lifted its holdings in Webster Financial by 7,442.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,032,937 shares of the financial services provider’s stock worth $120,838,000 after buying an additional 2,005,985 shares during the last quarter. Finally, Whitebox Advisors LLC acquired a new position in shares of Webster Financial in the 1st quarter worth approximately $133,634,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Webster Financial Price Performance

Shares of NYSE:WBS opened at $77.57 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $12.57 billion, a PE ratio of 12.61 and a beta of 1.01. Webster Financial Corporation has a 52 week low of $52.69 and a 52 week high of $79.74. The firm has a 50 day simple moving average of $77.08 and a 200 day simple moving average of $73.47.

Webster Financial (NYSE:WBS) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.01). The firm had revenue of $769.23 million for the quarter, compared to analysts’ expectations of $755.80 million. Webster Financial had a return on equity of 11.23% and a net margin of 22.78%.The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 earnings per share. As a group, research analysts expect that Webster Financial Corporation will post 6.59 earnings per share for the current year.

Webster Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, August 10th. Webster Financial’s payout ratio is presently 26.02%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of Webster Financial from $75.00 to $76.00 and gave the company a “sector perform” rating in a report on Wednesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Webster Financial in a research note on Friday, June 12th. Finally, Barclays increased their price target on Webster Financial from $75.00 to $78.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $74.25.

About Webster Financial

Webster Financial Corporation is a bank holding company headquartered in Waterbury, Connecticut. Through its principal subsidiary, Webster Bank, N.A., the company offers a broad range of banking products and financial services to individuals, small businesses, and middle-market commercial clients. Key offerings include deposit accounts, residential and commercial real estate lending, equipment finance, treasury management, and payment processing solutions.

In addition to traditional banking services, Webster Financial provides wealth management and insurance products designed to help clients plan for retirement, preserve assets, and manage risk.