Janus Henderson Group PLC Has $7.42 Million Holdings in Webster Financial Corporation $WBS

Janus Henderson Group PLC boosted its holdings in shares of Webster Financial Corporation (NYSE:WBS) by 45.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,800 shares of the financial services provider’s stock after buying an additional 33,400 shares during the period. Janus Henderson Group PLC’s holdings in Webster Financial were worth $7,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amundi raised its holdings in shares of Webster Financial by 282.5% during the first quarter. Amundi now owns 339,328 shares of the financial services provider’s stock worth $23,556,000 after acquiring an additional 250,604 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Webster Financial by 18.5% during the 1st quarter. California State Teachers Retirement System now owns 192,741 shares of the financial services provider’s stock worth $13,380,000 after purchasing an additional 30,039 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Webster Financial by 17.0% during the 1st quarter. Quantinno Capital Management LP now owns 112,305 shares of the financial services provider’s stock valued at $7,796,000 after buying an additional 16,334 shares during the last quarter. Whitebox Advisors LLC acquired a new stake in shares of Webster Financial during the 1st quarter valued at about $133,634,000. Finally, Polar Asset Management Partners Inc. grew its stake in shares of Webster Financial by 797.3% in the 1st quarter. Polar Asset Management Partners Inc. now owns 535,015 shares of the financial services provider’s stock valued at $37,141,000 after buying an additional 475,391 shares in the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Webster Financial Price Performance

Shares of NYSE:WBS opened at $79.09 on Thursday. The company has a market cap of $12.82 billion, a price-to-earnings ratio of 12.86 and a beta of 1.01. The business has a 50 day moving average price of $75.42 and a 200 day moving average price of $72.15. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.46. Webster Financial Corporation has a twelve month low of $52.69 and a twelve month high of $79.23.

Webster Financial (NYSE:WBS) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.60 EPS 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 business had revenue of $769.23 million for the quarter, compared to analyst estimates of $755.80 million. During the same quarter last year, the firm earned $1.52 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. Research analysts predict that Webster Financial Corporation will post 6.55 earnings per share for the current year.

Webster Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, August 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.0%. Webster Financial’s dividend payout ratio is 26.02%.

Wall Street Analyst Weigh In

WBS has been the topic of several recent research reports. Keefe, Bruyette & Woods cut their price objective on shares of Webster Financial from $79.00 to $77.50 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Royal Bank Of Canada increased their price target on Webster Financial from $75.00 to $76.00 and gave the company a “sector perform” rating in a report on Wednesday, July 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Webster Financial in a research report on Friday, June 12th. Finally, Barclays boosted their price objective on shares of Webster Financial from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Monday. Four investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.