DekaBank Deutsche Girozentrale Has $128,000 Stock Holdings in Webster Financial Co. (NYSE:WBS)

DekaBank Deutsche Girozentrale cut its holdings in shares of Webster Financial Co. (NYSE:WBS - Free Report) by 87.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,502 shares of the financial services provider's stock after selling 17,422 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Webster Financial were worth $128,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WBS. Vanguard Group Inc. raised its holdings in shares of Webster Financial by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 17,679,692 shares of the financial services provider's stock valued at $799,122,000 after purchasing an additional 116,092 shares in the last quarter. BlackRock Inc. raised its stake in Webster Financial by 2.1% during the 1st quarter. BlackRock Inc. now owns 17,498,723 shares of the financial services provider's stock worth $689,800,000 after acquiring an additional 362,728 shares in the last quarter. Capital International Investors raised its stake in Webster Financial by 18.2% during the 1st quarter. Capital International Investors now owns 9,297,676 shares of the financial services provider's stock worth $521,886,000 after acquiring an additional 1,433,204 shares in the last quarter. State Street Corp grew its position in Webster Financial by 9.8% during the 1st quarter. State Street Corp now owns 7,904,283 shares of the financial services provider's stock worth $311,587,000 after purchasing an additional 707,001 shares during the last quarter. Finally, FMR LLC grew its stake in Webster Financial by 22.6% during the third quarter. FMR LLC now owns 7,258,411 shares of the financial services provider's stock worth $292,587,000 after buying an additional 1,339,862 shares during the period. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Webster Financial news, COO Luis Massiani sold 13,500 shares of Webster Financial stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $51.63, for a total value of $697,005.00. Following the completion of the sale, the chief operating officer now directly owns 89,621 shares in the company, valued at $4,627,132.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Webster Financial news, insider Charles L. Wilkins sold 3,966 shares of Webster Financial stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $51.56, for a total value of $204,486.96. Following the completion of the sale, the insider now directly owns 49,528 shares in the company, valued at $2,553,663.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Luis Massiani sold 13,500 shares of Webster Financial stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $51.63, for a total transaction of $697,005.00. Following the completion of the sale, the chief operating officer now owns 89,621 shares of the company's stock, valued at $4,627,132.23. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,941 shares of company stock worth $1,545,582. 0.88% of the stock is owned by company insiders.

Analysts Set New Price Targets

WBS has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $64.00 price target on shares of Webster Financial in a report on Tuesday, March 26th. StockNews.com cut shares of Webster Financial from a "hold" rating to a "sell" rating in a report on Tuesday. Citigroup dropped their target price on shares of Webster Financial from $61.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, January 25th. Bank of America began coverage on shares of Webster Financial in a report on Thursday, January 11th. They set a "buy" rating and a $60.00 target price on the stock. Finally, Royal Bank of Canada dropped their target price on shares of Webster Financial from $59.00 to $57.00 and set an "outperform" rating on the stock in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Webster Financial has an average rating of "Moderate Buy" and a consensus price target of $57.85.

Webster Financial Trading Down 0.2 %

Shares of WBS traded down $0.10 during midday trading on Thursday, hitting $45.30. The stock had a trading volume of 1,073,781 shares, compared to its average volume of 1,134,312. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The firm has a market cap of $7.78 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 0.36 and a beta of 1.33. The business has a 50-day simple moving average of $48.01 and a two-hundred day simple moving average of $46.25. Webster Financial Co. has a fifty-two week low of $31.03 and a fifty-two week high of $53.39.

Webster Financial (NYSE:WBS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.46 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.02). The company had revenue of $996.96 million for the quarter, compared to analyst estimates of $674.82 million. Webster Financial had a return on equity of 13.05% and a net margin of 22.01%. During the same quarter in the prior year, the business posted $1.60 earnings per share. As a group, equities analysts forecast that Webster Financial Co. will post 5.86 EPS for the current year.

Webster Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Monday, February 5th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend was Friday, February 2nd. Webster Financial's dividend payout ratio is currently 32.72%.

Webster Financial Company 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.