Kapitalo Investimentos Ltda Buys New Holdings in Webster Financial Corporation $WBS

Kapitalo Investimentos Ltda purchased a new position in shares of Webster Financial Corporation (NYSE:WBS) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 51,913 shares of the financial services provider’s stock, valued at approximately $3,604,000.

A number of other large investors have also bought and sold shares of WBS. Dimensional Fund Advisors LP boosted its stake in shares of Webster Financial by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,920,300 shares of the financial services provider’s stock valued at $498,509,000 after purchasing an additional 107,335 shares during the period. Invesco Ltd. increased its stake in shares of Webster Financial by 2.9% in the fourth quarter. Invesco Ltd. now owns 5,516,110 shares of the financial services provider’s stock worth $347,184,000 after buying an additional 156,636 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Webster Financial by 15.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,246,364 shares of the financial services provider’s stock worth $330,207,000 after buying an additional 713,294 shares during the period. Capital International Investors raised its holdings in Webster Financial by 0.4% during the 4th quarter. Capital International Investors now owns 4,177,281 shares of the financial services provider’s stock valued at $263,058,000 after buying an additional 16,676 shares during the last quarter. Finally, Norges Bank bought a new stake in Webster Financial during the 4th quarter valued at $142,035,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

Webster Financial Stock Down 0.8%

Shares of Webster Financial stock opened at $75.38 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. Webster Financial Corporation has a 12-month low of $52.69 and a 12-month high of $77.69. The company has a market cap of $12.21 billion, a P/E ratio of 12.34 and a beta of 1.00. The company’s fifty day simple moving average is $74.25 and its two-hundred day simple moving average is $71.06.

Webster Financial (NYSE:WBS) last posted its earnings results on Tuesday, April 28th. The financial services provider reported $1.57 EPS for the quarter, topping the consensus estimate of $1.53 by $0.04. The firm had revenue of $764.05 million during the quarter, compared to analysts’ expectations of $735.26 million. Webster Financial had a net margin of 22.95% and a return on equity of 11.31%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $1.30 EPS. Research analysts anticipate that Webster Financial Corporation will post 6.57 EPS for the current year.

Webster Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, May 11th. Webster Financial’s dividend payout ratio is presently 26.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on WBS shares. Weiss Ratings reissued a “buy (b)” rating on shares of Webster Financial in a report on Friday, June 12th. Keefe, Bruyette & Woods lowered their price objective on shares of Webster Financial from $79.00 to $77.50 and set an “outperform” rating for the company in a research note on Friday, May 1st. Finally, UBS Group began coverage on shares of Webster Financial in a report on Tuesday, April 7th. They set a “neutral” rating and a $69.00 target price for the company. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $73.96.

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.