Webster Financial Co. (NYSE:WBS) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in Webster Financial Co. (NYSE:WBS) by 94.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,053 shares of the financial services provider’s stock after selling 91,895 shares during the period. SG Americas Securities LLC’s holdings in Webster Financial were worth $236,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WBS. Sanctuary Advisors LLC purchased a new stake in shares of Webster Financial during the 2nd quarter worth $813,000. Maven Securities LTD acquired a new position in shares of Webster Financial during the second quarter worth about $388,000. Creative Planning increased its stake in shares of Webster Financial by 6.1% during the second quarter. Creative Planning now owns 37,128 shares of the financial services provider’s stock worth $1,618,000 after acquiring an additional 2,149 shares during the period. Algert Global LLC increased its stake in shares of Webster Financial by 103.4% during the second quarter. Algert Global LLC now owns 62,230 shares of the financial services provider’s stock worth $2,713,000 after acquiring an additional 31,630 shares during the period. Finally, Scientech Research LLC purchased a new stake in Webster Financial during the second quarter worth about $419,000. Hedge funds and other institutional investors own 85.58% of the company’s stock.

Webster Financial Trading Down 2.7 %

Shares of NYSE WBS opened at $51.50 on Tuesday. Webster Financial Co. has a 12 month low of $36.36 and a 12 month high of $54.38. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 0.88 and a beta of 1.28. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $46.21 and a 200-day simple moving average of $45.31.

Webster Financial (NYSE:WBS) last announced its earnings results on Thursday, October 17th. The financial services provider reported $1.34 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.01). Webster Financial had a net margin of 18.80% and a return on equity of 11.03%. The company had revenue of $647.62 million for the quarter, compared to analysts’ expectations of $677.72 million. During the same period in the prior year, the company earned $1.55 earnings per share. Sell-side analysts predict that Webster Financial Co. will post 5.26 EPS for the current year.

Insider Activity

In other news, insider Jason A. Soto sold 1,650 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $46.32, for a total transaction of $76,428.00. Following the completion of the sale, the insider now directly owns 20,539 shares of the company’s stock, valued at $951,366.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Jason A. Soto sold 1,650 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $46.32, for a total transaction of $76,428.00. Following the transaction, the insider now directly owns 20,539 shares of the company’s stock, valued at approximately $951,366.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles L. Wilkins sold 5,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $49.07, for a total value of $245,350.00. Following the transaction, the insider now directly owns 45,157 shares in the company, valued at $2,215,853.99. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

WBS has been the topic of several recent research reports. Royal Bank of Canada upped their price target on shares of Webster Financial from $57.00 to $62.00 and gave the company an “outperform” rating in a report on Friday. Wells Fargo & Company increased their price objective on shares of Webster Financial from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday. Keefe, Bruyette & Woods decreased their target price on shares of Webster Financial from $58.00 to $55.00 and set an “outperform” rating for the company in a research note on Tuesday, July 9th. JPMorgan Chase & Co. decreased their target price on shares of Webster Financial from $58.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Finally, Morgan Stanley reduced their price objective on shares of Webster Financial from $57.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Webster Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.85.

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.