Capital Group Private Client Services Inc. Has $4.76 Million Stock Holdings in Webster Financial Co. (NYSE:WBS)

Capital Group Private Client Services Inc. decreased its position in Webster Financial Co. (NYSE:WBS) by 2.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 86,115 shares of the financial services provider’s stock after selling 1,783 shares during the period. Capital Group Private Client Services Inc. owned approximately 0.05% of Webster Financial worth $4,755,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WBS. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Webster Financial during the fourth quarter worth about $26,000. Headlands Technologies LLC acquired a new stake in shares of Webster Financial during the fourth quarter worth $32,000. R Squared Ltd acquired a new position in Webster Financial in the 4th quarter worth $43,000. UMB Bank n.a. increased its holdings in Webster Financial by 88.1% during the 4th quarter. UMB Bank n.a. now owns 1,119 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 524 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd increased its holdings in Webster Financial by 742.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,264 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,114 shares in the last quarter. Institutional investors own 85.58% of the company’s stock.

Webster Financial Price Performance

Shares of Webster Financial stock opened at $45.08 on Friday. The stock has a market capitalization of $7.59 billion, a P/E ratio of 10.32, a price-to-earnings-growth ratio of 1.02 and a beta of 1.05. Webster Financial Co. has a one year low of $39.34 and a one year high of $63.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.84 and a quick ratio of 0.84. The business’s 50 day simple moving average is $50.74 and its two-hundred day simple moving average is $54.27.

Webster Financial (NYSE:WBS) last released its quarterly earnings results on Friday, January 17th. The financial services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.08. The business had revenue of $661.00 million for the quarter, compared to analysts’ expectations of $687.53 million. Webster Financial had a net margin of 18.39% and a return on equity of 10.82%. During the same quarter in the previous year, the business posted $1.46 earnings per share. Analysts forecast that Webster Financial Co. will post 5.88 EPS for the current year.

Webster Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were issued a $0.40 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.60 annualized dividend and a yield of 3.55%. Webster Financial’s dividend payout ratio (DPR) is presently 36.61%.

Insider Activity

In other news, CEO John R. Ciulla sold 8,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $57.43, for a total value of $459,440.00. Following the completion of the sale, the chief executive officer now directly owns 210,051 shares of the company’s stock, valued at $12,063,228.93. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Laurence C. Morse sold 13,217 shares of Webster Financial stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $59.07, for a total value of $780,728.19. Following the sale, the director now directly owns 18,808 shares in the company, valued at $1,110,988.56. This trade represents a 41.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

WBS has been the subject of a number of recent research reports. StockNews.com upgraded shares of Webster Financial from a “sell” rating to a “hold” rating in a research note on Saturday, January 11th. JPMorgan Chase & Co. reduced their price target on Webster Financial from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley lowered their price target on Webster Financial from $75.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company decreased their target price on shares of Webster Financial from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada upped their price target on shares of Webster Financial from $66.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.92.

Webster Financial Profile

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking.