Compound Planning Inc. Makes New Investment in Webster Financial Corporation $WBS

Key Points

• Compound Planning Inc. has acquired 4,057 shares of Webster Financial Corporation, valued at approximately $209,000, during the 1st quarter.
• Several institutional investors, including Dimensional Fund Advisors LP and Invesco Ltd., have also increased their stakes in Webster Financial, with the majority of the stock (85.58%) currently owned by such investors.
• Webster Financial recently announced a quarterly dividend of $0.40 per share and has a share buyback program approved for $700 million to repurchase outstanding shares.

Compound Planning Inc. acquired a new stake in shares of Webster Financial Corporation (NYSE:WBS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,057 shares of the financial services provider's stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Webster Financial by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,108,082 shares of the financial services provider's stock valued at $366,408,000 after purchasing an additional 487,264 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Webster Financial by 3.1% during the first quarter. Invesco Ltd. now owns 5,049,297 shares of the financial services provider's stock valued at $260,291,000 after acquiring an additional 153,236 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Webster Financial by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,597,943 shares of the financial services provider's stock valued at $237,025,000 after acquiring an additional 42,406 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Webster Financial by 1.6% during the first quarter. American Century Companies Inc. now owns 3,015,647 shares of the financial services provider's stock valued at $155,457,000 after acquiring an additional 48,942 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Webster Financial by 3.9% during the fourth quarter. Bank of America Corp DE now owns 2,641,766 shares of the financial services provider's stock valued at $145,878,000 after acquiring an additional 99,586 shares in the last quarter. Institutional investors own 85.58% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on WBS. UBS Group restated a "buy" rating and issued a $69.00 price objective on shares of Webster Financial in a report on Wednesday, July 9th. JPMorgan Chase & Co. increased their price target on shares of Webster Financial from $55.00 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Citigroup increased their price target on shares of Webster Financial from $65.00 to $71.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Truist Financial reissued a "buy" rating and issued a $67.00 target price (up previously from $61.00) on shares of Webster Financial in a research report on Friday, July 11th. Finally, Wells Fargo & Company increased their target price on Webster Financial from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Webster Financial currently has an average rating of "Moderate Buy" and a consensus target price of $66.77.

Webster Financial Stock Down 0.9%

Shares of NYSE WBS traded down $0.53 on Wednesday, reaching $61.72. 1,116,440 shares of the company's stock traded hands, compared to its average volume of 1,045,845. Webster Financial Corporation has a 12 month low of $39.43 and a 12 month high of $63.99. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.47. The company has a market cap of $10.26 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 0.57 and a beta of 1.07. The business's 50 day simple moving average is $58.81 and its two-hundred day simple moving average is $53.44.

Webster Financial (NYSE:WBS - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.09. Webster Financial had a return on equity of 10.84% and a net margin of 20.06%.The company had revenue of $715.80 million during the quarter, compared to analyst estimates of $716.59 million. During the same quarter last year, the company earned $1.26 EPS. The firm's revenue for the quarter was up 16.5% on a year-over-year basis. As a group, equities research analysts forecast that Webster Financial Corporation will post 5.88 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Monday, August 11th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 2.6%. Webster Financial's dividend payout ratio (DPR) is presently 32.45%.

Insider Buying and Selling at Webster Financial

In other Webster Financial news, CAO Albert Jen-Wen Wang sold 3,250 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $60.31, for a total transaction of $196,007.50. Following the completion of the sale, the chief accounting officer directly owned 15,755 shares in the company, valued at approximately $950,184.05. This trade represents a 17.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John R. Ciulla sold 8,000 shares of the firm's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $57.95, for a total transaction of $463,600.00. Following the sale, the chief executive officer owned 239,872 shares of the company's stock, valued at approximately $13,900,582.40. This represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,445 shares of company stock worth $2,250,007 in the last 90 days. Insiders own 0.54% of the company's stock.

About Webster Financial

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.