Webster Financial Corporation $WBS Shares Purchased by Carmignac Gestion

Carmignac Gestion grew its holdings in shares of Webster Financial Corporation (NYSE:WBS) by 14.5% during the second quarter, Holdings Channel reports. The firm owned 222,221 shares of the financial services provider’s stock after acquiring an additional 28,196 shares during the quarter. Carmignac Gestion’s holdings in Webster Financial were worth $16,982,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of WBS. Royal Bank of Canada lifted its holdings 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 worth $4,866,000 after acquiring an additional 2,049 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Webster Financial during the first quarter valued at approximately $114,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Webster Financial by 15.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,127 shares of the financial services provider’s stock valued at $2,069,000 after purchasing an additional 5,299 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of 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 purchasing an additional 176,258 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Webster Financial by 4.4% in 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 worth $24,543,000 after purchasing an additional 20,090 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors.

Webster Financial Price Performance

Webster Financial stock remained flat at $77.57 during trading hours on Tuesday. The firm has a market cap of $12.57 billion, a PE ratio of 12.61 and a beta of 1.01. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $77.30 and a 200 day simple moving average of $73.71. Webster Financial Corporation has a 12-month low of $52.69 and a 12-month high of $79.74.

Webster Financial (NYSE:WBS) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). Webster Financial had a return on equity of 11.23% and a net margin of 22.78%.The company had revenue of $769.23 million during the quarter, compared to analyst estimates of $755.80 million. During the same period in the prior year, the company posted $1.52 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts predict that Webster Financial Corporation will post 6.59 EPS for the current fiscal year.

Webster Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, August 10th. Webster Financial’s payout ratio is currently 26.02%.

Analysts Set New Price Targets

A number of research firms recently issued reports on WBS. Barclays boosted their price objective on Webster Financial from $75.00 to $78.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Webster Financial in a research note on Friday, June 12th. Finally, Royal Bank Of Canada upped their price target on shares of Webster Financial from $75.00 to $76.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 22nd. Four 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 company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $74.25.

Webster Financial Company 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.