Fisher Asset Management LLC Has $35.24 Million Holdings in Webster Financial Co. (NYSE:WBS)

Fisher Asset Management LLC lessened its position in Webster Financial Co. (NYSE:WBS - Free Report) by 20.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 694,263 shares of the financial services provider's stock after selling 175,546 shares during the quarter. Fisher Asset Management LLC owned about 0.40% of Webster Financial worth $35,241,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. NBC Securities Inc. bought a new stake in shares of Webster Financial in the third quarter valued at approximately $32,000. Bruce G. Allen Investments LLC acquired a new position in shares of Webster Financial during the fourth quarter valued at about $42,000. GAMMA Investing LLC bought a new stake in shares of Webster Financial in the fourth quarter valued at about $69,000. Headlands Technologies LLC acquired a new stake in Webster Financial during the fourth quarter worth about $127,000. Finally, Covestor Ltd increased its stake in Webster Financial by 17.0% during the third quarter. Covestor Ltd now owns 3,529 shares of the financial services provider's stock valued at $142,000 after acquiring an additional 513 shares during the period. Institutional investors and hedge funds own 85.58% of the company's stock.

Insider Buying and Selling at Webster Financial

In related news, insider Daniel Bley sold 2,000 shares of Webster Financial stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $47.60, for a total transaction of $95,200.00. Following the transaction, the insider now owns 27,955 shares of the company's stock, valued at approximately $1,330,658. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WBS shares. StockNews.com upgraded Webster Financial from a "sell" rating to a "hold" rating in a research note on Friday, April 26th. Citigroup decreased their target price on shares of Webster Financial from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Wednesday, April 24th. Bank of America began coverage on shares of Webster Financial in a research report on Thursday, January 11th. They issued a "buy" rating and a $60.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on Webster Financial from $65.00 to $63.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 24th. Finally, Royal Bank of Canada cut their target price on Webster Financial from $57.00 to $54.00 and set an "outperform" rating for the company in a research report on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, Webster Financial has an average rating of "Moderate Buy" and a consensus target price of $56.23.

Webster Financial Trading Up 1.2 %

WBS stock traded up $0.52 during midday trading on Friday, reaching $44.92. The stock had a trading volume of 1,469,122 shares, compared to its average volume of 1,513,344. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.54. Webster Financial Co. has a twelve month low of $31.03 and a twelve month high of $53.39. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.40 and a beta of 1.35. The business has a fifty day simple moving average of $47.58 and a two-hundred day simple moving average of $46.79.

Webster Financial (NYSE:WBS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). Webster Financial had a return on equity of 12.55% and a net margin of 21.09%. The business had revenue of $667.10 million for the quarter, compared to the consensus estimate of $680.72 million. During the same period last year, the firm earned $1.49 earnings per share. The company's quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts expect that Webster Financial Co. will post 5.62 EPS for the current fiscal year.

Webster Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 6th will be issued a $0.40 dividend. The ex-dividend date is Friday, May 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 3.56%. Webster Financial's dividend payout ratio is presently 32.79%.

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.