Fox Run Management L.L.C. Acquires Shares of 17,218 Webster Financial Co. (NYSE:WBS)

Fox Run Management L.L.C. acquired a new stake in Webster Financial Co. (NYSE:WBS) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 17,218 shares of the financial services provider’s stock, valued at approximately $951,000.

Other institutional investors also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. purchased a new stake in Webster Financial in the 4th quarter valued at approximately $269,000. Park Avenue Securities LLC purchased a new stake in Webster Financial in the 4th quarter valued at approximately $246,000. HighTower Advisors LLC boosted its holdings in Webster Financial by 6.8% in the 3rd quarter. HighTower Advisors LLC now owns 31,978 shares of the financial services provider’s stock valued at $1,488,000 after purchasing an additional 2,032 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Webster Financial by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,468,942 shares of the financial services provider’s stock valued at $68,467,000 after purchasing an additional 34,373 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Webster Financial by 8.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 89,202 shares of the financial services provider’s stock worth $4,158,000 after acquiring an additional 6,964 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Insider Buying and Selling at Webster Financial

In other Webster Financial news, Director Laurence C. Morse sold 13,217 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $59.07, for a total value of $780,728.19. Following the completion of the transaction, the director now directly owns 18,808 shares in the company, valued at approximately $1,110,988.56. The trade was a 41.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John R. Ciulla sold 8,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $57.43, for a total value of $459,440.00. Following the completion of the transaction, the chief executive officer now owns 210,051 shares of the company’s stock, valued at $12,063,228.93. This trade represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by insiders.

Analyst Ratings Changes

WBS has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price target on Webster Financial from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada boosted their price target on Webster Financial from $66.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Barclays boosted their price target on Webster Financial from $63.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Wells Fargo & Company raised Webster Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $70.00 to $75.00 in a research note on Monday, January 6th. Finally, Morgan Stanley decreased their price target on Webster Financial from $75.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.08.

Webster Financial Trading Up 0.1 %

Shares of Webster Financial stock opened at $51.57 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.84 and a quick ratio of 0.84. Webster Financial Co. has a 1 year low of $39.34 and a 1 year high of $63.99. The company has a market capitalization of $8.84 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.02 and a beta of 1.28. The business has a 50 day moving average price of $56.28 and a 200 day moving average price of $54.25.

Webster Financial (NYSE:WBS) last issued its quarterly earnings results on Friday, January 17th. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.08. The company had revenue of $661.00 million during the quarter, compared to the consensus estimate of $687.53 million. Webster Financial had a return on equity of 10.82% and a net margin of 18.39%. During the same period in the previous year, the firm posted $1.46 EPS. Sell-side analysts anticipate that Webster Financial Co. will post 5.88 EPS for the current fiscal year.

Webster Financial Announces Dividend

The firm also recently declared 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 3.10%. Webster Financial’s dividend payout ratio (DPR) is presently 36.61%.

Webster Financial Company 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.