Athos Capital Ltd Invests $15.28 Million in Webster Financial Corporation $WBS

Key Points

• Athos Capital Ltd. acquired 200,000 Webster Financial shares worth approximately $15.28 million, making WBS its sixth-largest holding and representing 5.4% of its portfolio.
• Institutional ownership remains high at 85.58%, with BlackRock and several other major investment firms holding or increasing sizable positions in Webster Financial.
• Webster Financial reported quarterly EPS of $1.60, slightly below expectations, while revenue exceeded forecasts at $769.23 million. The company also paid a quarterly dividend of $0.40 per share, equivalent to a 2.1% yield.

Athos Capital Ltd bought a new stake in Webster Financial Corporation (NYSE:WBS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 200,000 shares of the financial services provider's stock, valued at approximately $15,284,000. Webster Financial accounts for 5.4% of Athos Capital Ltd's investment portfolio, making the stock its 6th biggest holding. Athos Capital Ltd owned approximately 0.12% of Webster Financial as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Webster Financial in the second quarter worth $1,182,130,000. Dimensional Fund Advisors LP boosted its holdings in shares of Webster Financial by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,920,300 shares of the financial services provider's stock valued at $498,509,000 after buying an additional 107,335 shares in the last quarter. Invesco Ltd. grew its position in shares of Webster Financial by 2.9% in the 4th quarter. Invesco Ltd. now owns 5,516,110 shares of the financial services provider's stock worth $347,184,000 after buying an additional 156,636 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Webster Financial by 15.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,246,364 shares of the financial services provider's stock worth $330,207,000 after buying an additional 713,294 shares during the period. Finally, Capital International Investors increased its stake in shares of Webster Financial by 0.4% in the 4th quarter. Capital International Investors now owns 4,177,281 shares of the financial services provider's stock worth $263,058,000 after acquiring an additional 16,676 shares in the last quarter. 85.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WBS shares. Weiss Ratings restated a "buy (b)" rating on shares of Webster Financial in a report on Friday, June 12th. Barclays lifted their target price on shares of Webster Financial from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Monday, August 3rd. Royal Bank Of Canada boosted their price target on Webster Financial from $75.00 to $76.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods cut their price target on 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 assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $74.25.

Webster Financial Price Performance

Webster Financial stock opened at $77.57 on Monday. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 12.61 and a beta of 1.01. The stock has a fifty day simple moving average of $76.83 and a two-hundred day simple moving average of $73.29. Webster Financial Corporation has a 12 month low of $52.69 and a 12 month high of $79.74. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.46.

Webster Financial (NYSE:WBS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.61 by ($0.01). The company had revenue of $769.23 million for the quarter, compared to analysts' expectations of $755.80 million. Webster Financial had a net margin of 22.78% and a return on equity of 11.23%. The business's revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 EPS. Equities analysts predict that Webster Financial Corporation will post 6.59 EPS for the current fiscal year.

Webster Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, August 10th. Webster Financial's dividend payout ratio (DPR) is currently 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.

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