Samlyn Capital LLC Raises Stock Position in Webster Financial Co. (NYSE:WBS)

Samlyn Capital LLC lifted its holdings in Webster Financial Co. (NYSE:WBS) by 58.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 536,481 shares of the financial services provider’s stock after buying an additional 197,679 shares during the quarter. Samlyn Capital LLC owned approximately 0.31% of Webster Financial worth $23,385,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WBS. Janney Montgomery Scott LLC lifted its stake in shares of Webster Financial by 3.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 33,087 shares of the financial services provider’s stock worth $1,680,000 after purchasing an additional 988 shares during the period. Franklin Resources Inc. lifted its position in shares of Webster Financial by 33.4% during the fourth quarter. Franklin Resources Inc. now owns 119,730 shares of the financial services provider’s stock valued at $6,077,000 after buying an additional 29,956 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Webster Financial by 29.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,114 shares of the financial services provider’s stock valued at $57,000 after buying an additional 255 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of Webster Financial in the 4th quarter valued at approximately $333,000. Finally, United Services Automobile Association increased its holdings in Webster Financial by 6.4% in the 4th quarter. United Services Automobile Association now owns 13,037 shares of the financial services provider’s stock worth $662,000 after buying an additional 784 shares during the period. 85.58% of the stock is owned by hedge funds and other institutional investors.

Webster Financial Stock Down 1.2 %

Shares of Webster Financial stock opened at $47.43 on Tuesday. The stock’s fifty day moving average is $46.12 and its 200-day moving average is $45.61. The firm has a market capitalization of $8.13 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 0.67 and a beta of 1.28. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.44. Webster Financial Co. has a 12-month low of $36.36 and a 12-month high of $53.39.

Webster Financial (NYSE:WBS) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.08). The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $671.91 million. Webster Financial had a net margin of 19.81% and a return on equity of 11.81%. During the same quarter last year, the firm earned $1.50 EPS. Equities analysts anticipate that Webster Financial Co. will post 5.27 earnings per share for the current year.

Webster Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Monday, July 29th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Monday, July 29th. Webster Financial’s payout ratio is presently 32.79%.

Insider Transactions at Webster Financial

In related news, insider Jason A. Soto sold 1,650 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $46.32, for a total value of $76,428.00. Following the sale, the insider now owns 20,539 shares of the company’s stock, valued at approximately $951,366.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Webster Financial news, insider Charles L. Wilkins sold 5,000 shares of Webster Financial stock in a transaction on Friday, July 26th. The stock was sold at an average price of $49.07, for a total value of $245,350.00. Following the completion of the transaction, the insider now owns 45,157 shares in the company, valued at approximately $2,215,853.99. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jason A. Soto sold 1,650 shares of Webster Financial stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $46.32, for a total value of $76,428.00. Following the completion of the transaction, the insider now owns 20,539 shares of the company’s stock, valued at approximately $951,366.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,650 shares of company stock valued at $706,098. 0.88% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Webster Financial from $58.00 to $55.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 9th. Morgan Stanley lowered shares of Webster Financial from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $54.00 to $57.00 in a report on Monday, August 5th. Jefferies Financial Group lowered their price objective on Webster Financial from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Royal Bank of Canada cut their price objective on shares of Webster Financial from $54.00 to $51.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Finally, Barclays lowered their target price on shares of Webster Financial from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Monday, June 24th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.36.

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.