World Asset Management Inc increased its position in shares of Webster Financial Corporation (NYSE:WBS) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,827 shares of the financial services provider’s stock after buying an additional 126 shares during the period. World Asset Management Inc’s holdings in Webster Financial Corporation were worth $304,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC raised its position in shares of Webster Financial Corporation by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 15,857 shares of the financial services provider’s stock worth $793,000 after buying an additional 49 shares in the last quarter. FMR LLC raised its position in shares of Webster Financial Corporation by 0.6% in the fourth quarter. FMR LLC now owns 10,289 shares of the financial services provider’s stock worth $558,000 after buying an additional 65 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Webster Financial Corporation by 0.7% in the first quarter. Janney Montgomery Scott LLC now owns 15,869 shares of the financial services provider’s stock worth $794,000 after buying an additional 112 shares in the last quarter. Creative Planning raised its position in shares of Webster Financial Corporation by 1.6% in the first quarter. Creative Planning now owns 10,019 shares of the financial services provider’s stock worth $501,000 after buying an additional 155 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Webster Financial Corporation by 3.4% in the second quarter. Bank of Montreal Can now owns 6,047 shares of the financial services provider’s stock worth $315,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 97.67% of the company’s stock.

Shares of Webster Financial Corporation (NYSE:WBS) opened at 48.51 on Wednesday. The firm has a 50-day moving average of $51.93 and a 200-day moving average of $51.75. The firm has a market capitalization of $4.47 billion, a P/E ratio of 20.21 and a beta of 1.25. Webster Financial Corporation has a one year low of $36.82 and a one year high of $57.50.

Webster Financial Corporation (NYSE:WBS) last announced its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.04. The firm had revenue of $262.50 million during the quarter, compared to analyst estimates of $260.91 million. Webster Financial Corporation had a return on equity of 9.49% and a net margin of 20.43%. During the same period last year, the company earned $0.53 earnings per share. On average, equities analysts predict that Webster Financial Corporation will post $2.55 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be given a $0.26 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 2.14%. Webster Financial Corporation’s payout ratio is 43.33%.

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A number of brokerages recently issued reports on WBS. Jefferies Group LLC set a $53.00 target price on shares of Webster Financial Corporation and gave the company a “hold” rating in a research report on Saturday, May 6th. Piper Jaffray Companies reiterated a “sell” rating and issued a $46.00 target price on shares of Webster Financial Corporation in a research report on Friday, July 14th. BidaskClub upgraded shares of Webster Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Barclays PLC increased their target price on shares of Webster Financial Corporation from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 25th. Finally, Zacks Investment Research lowered shares of Webster Financial Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Webster Financial Corporation presently has an average rating of “Hold” and an average price target of $53.00.

In related news, EVP Nitin J. Mhatre sold 31,940 shares of Webster Financial Corporation stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $51.34, for a total value of $1,639,799.60. Following the completion of the sale, the executive vice president now directly owns 23,120 shares in the company, valued at $1,186,980.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Daniel Bley sold 8,000 shares of Webster Financial Corporation stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $51.20, for a total value of $409,600.00. Following the completion of the sale, the executive vice president now owns 25,657 shares of the company’s stock, valued at $1,313,638.40. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

Webster Financial Corporation Company Profile

Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.

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Institutional Ownership by Quarter for Webster Financial Corporation (NYSE:WBS)

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