11,525 Shares in Webster Financial Corporation $WBS Bought by Sutton Place Investors LLC

Sutton Place Investors LLC purchased a new position in shares of Webster Financial Corporation (NYSE:WBS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,525 shares of the financial services provider’s stock, valued at approximately $881,000.

Several other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of 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 valued at $4,866,000 after purchasing an additional 2,049 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Webster Financial in the first quarter worth about $114,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 worth $2,069,000 after purchasing an additional 5,299 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Webster Financial by 37.0% during the first 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 boosted its position in Webster Financial by 4.4% in the first 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 valued at $24,543,000 after buying an additional 20,090 shares during the last quarter. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WBS. Royal Bank Of Canada increased their price target on shares of Webster Financial from $75.00 to $76.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 22nd. Barclays lifted their price objective on shares of Webster Financial from $75.00 to $78.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Webster Financial in a report on Friday, June 12th. Finally, 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 note on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $74.25.

Webster Financial Stock Performance

WBS opened at $78.92 on Friday. The firm has a fifty day moving average price of $76.31 and a 200 day moving average price of $72.79. Webster Financial Corporation has a 1 year low of $52.69 and a 1 year high of $79.74. The stock has a market cap of $12.79 billion, a P/E ratio of 12.83 and a beta of 1.01. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.87 and a quick ratio of 0.87.

Webster Financial (NYSE:WBS) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.60 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.01). The firm had revenue of $769.23 million for the quarter, compared to analyst estimates of $755.80 million. Webster Financial had a net margin of 22.78% and a return on equity of 11.23%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 EPS. Equities research analysts anticipate that Webster Financial Corporation will post 6.59 earnings per share for the current year.

Webster Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, August 10th. Webster Financial’s dividend payout ratio is presently 26.02%.

About Webster Financial

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.