Moore Capital Management LP Has $10.51 Million Stock Position in Webster Financial Corporation $WBS

Moore Capital Management LP decreased its stake in shares of Webster Financial Corporation (NYSE:WBS) by 18.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,800 shares of the financial services provider’s stock after selling 40,800 shares during the period. Moore Capital Management LP’s holdings in Webster Financial were worth $10,509,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Webster Financial by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 7,812,965 shares of the financial services provider’s stock valued at $464,402,000 after purchasing an additional 189,399 shares in the last quarter. Invesco Ltd. boosted its position in Webster Financial by 1.2% during the 3rd quarter. Invesco Ltd. now owns 5,359,474 shares of the financial services provider’s stock worth $318,567,000 after acquiring an additional 63,403 shares during the last quarter. Capital International Investors boosted its position in Webster Financial by 2.2% during the 3rd quarter. Capital International Investors now owns 4,160,605 shares of the financial services provider’s stock worth $247,340,000 after acquiring an additional 89,723 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Webster Financial by 14.5% during the 2nd quarter. American Century Companies Inc. now owns 3,453,778 shares of the financial services provider’s stock worth $188,576,000 after acquiring an additional 438,131 shares in the last quarter. Finally, Earnest Partners LLC raised its holdings in shares of Webster Financial by 0.6% in the third quarter. Earnest Partners LLC now owns 3,163,124 shares of the financial services provider’s stock valued at $188,016,000 after purchasing an additional 18,860 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on WBS shares. UBS Group cut shares of Webster Financial from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $77.00 to $75.00 in a report on Thursday, February 5th. JPMorgan Chase & Co. lifted their price target on shares of Webster Financial from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Webster Financial in a research report on Monday, December 29th. Morgan Stanley reduced their price objective 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, Citigroup cut Webster Financial from a “buy” rating to a “hold” rating and set a $75.00 price objective for the company. in a report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.50.

Webster Financial Price Performance

Shares of WBS opened at $67.97 on Tuesday. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 11.50 and a beta of 1.03. Webster Financial Corporation has a 1-year low of $39.43 and a 1-year high of $74.00. The company’s fifty day simple moving average is $68.56 and its 200 day simple moving average is $63.02. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40.

Webster Financial (NYSE:WBS) last announced its quarterly earnings results on Friday, January 23rd. The financial services provider reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.07. Webster Financial had a net margin of 22.67% and a return on equity of 11.10%. The firm had revenue of $760.48 million during the quarter, compared to analysts’ expectations of $731.95 million. During the same quarter last year, the company posted $1.43 earnings per share. On average, research analysts forecast that Webster Financial Corporation will post 5.88 earnings per share for the current fiscal year.

Webster Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, February 9th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, February 9th. Webster Financial’s dividend payout ratio (DPR) is 27.07%.

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.