First Eagle Investment Management LLC Has $12.29 Million Position in Webster Financial Corporation $WBS

First Eagle Investment Management LLC grew its position in Webster Financial Corporation (NYSE:WBS) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 206,809 shares of the financial services provider’s stock after purchasing an additional 14,935 shares during the period. First Eagle Investment Management LLC’s holdings in Webster Financial were worth $12,293,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Royal Bank of Canada boosted its position in Webster Financial by 2.2% in the first quarter. Royal Bank of Canada now owns 94,385 shares of the financial services provider’s stock valued at $4,866,000 after buying an additional 2,049 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Webster Financial in the first quarter valued at approximately $114,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Webster Financial by 15.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,127 shares of the financial services provider’s stock worth $2,069,000 after acquiring an additional 5,299 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Webster Financial by 37.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 652,921 shares of the financial services provider’s stock worth $33,658,000 after acquiring an additional 176,258 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Webster Financial by 4.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 476,095 shares of the financial services provider’s stock valued at $24,543,000 after purchasing an additional 20,090 shares in the last quarter. Institutional investors own 85.58% of the company’s stock.

Webster Financial Stock Performance

Shares of Webster Financial stock opened at $68.82 on Wednesday. The firm has a fifty day moving average of $67.73 and a two-hundred day moving average of $62.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $11.10 billion, a price-to-earnings ratio of 11.64 and a beta of 1.03. Webster Financial Corporation has a 52 week low of $39.43 and a 52 week high of $74.00.

Webster Financial (NYSE:WBS) last announced its quarterly earnings data on Friday, January 23rd. The financial services provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.07. The business had revenue of $760.48 million during the quarter, compared to analysts’ expectations of $731.95 million. Webster Financial had a return on equity of 11.10% and a net margin of 22.67%.During the same period in the previous year, the firm earned $1.43 earnings per share. As a group, equities research analysts predict that Webster Financial Corporation will post 5.88 EPS for the current year.

Webster Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, February 9th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, February 9th. Webster Financial’s dividend payout ratio (DPR) is currently 27.07%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods boosted their price objective on Webster Financial from $77.00 to $79.00 and gave the stock an “outperform” rating in a research note on Monday. JPMorgan Chase & Co. upped their price target on shares of Webster Financial from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Wells Fargo & Company restated an “underweight” rating and issued a $70.00 price objective on shares of Webster Financial in a research report on Tuesday. Morgan Stanley dropped their target price on shares of Webster Financial from $77.00 to $75.00 and set an “equal weight” rating for the company in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada cut shares of Webster Financial from a “moderate buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a research note on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $74.50.

Webster Financial Profile

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.