T. Rowe Price Investment Management Inc. Has $162.83 Million Stake in Webster Financial Co. (NYSE:WBS)

T. Rowe Price Investment Management Inc. increased its position in shares of Webster Financial Co. (NYSE:WBS - Free Report) by 4.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,948,701 shares of the financial services provider's stock after buying an additional 114,375 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 1.72% of Webster Financial worth $162,828,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. increased its position in Webster Financial by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 57,430 shares of the financial services provider's stock valued at $3,171,000 after acquiring an additional 17,181 shares during the period. Stifel Financial Corp grew its stake in shares of Webster Financial by 1.9% in the 4th quarter. Stifel Financial Corp now owns 161,445 shares of the financial services provider's stock valued at $8,915,000 after purchasing an additional 2,991 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Webster Financial by 115.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 21,365 shares of the financial services provider's stock valued at $1,180,000 after purchasing an additional 11,433 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Webster Financial by 9.1% during the fourth quarter. MetLife Investment Management LLC now owns 96,612 shares of the financial services provider's stock worth $5,335,000 after purchasing an additional 8,026 shares during the period. Finally, Beck Mack & Oliver LLC purchased a new position in Webster Financial in the 4th quarter valued at $226,000. Institutional investors and hedge funds own 85.58% of the company's stock.

Insider Buying and Selling

In other news, CEO John R. Ciulla sold 8,000 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $57.43, for a total transaction of $459,440.00. Following the sale, the chief executive officer now directly owns 210,051 shares of the company's stock, valued at $12,063,228.93. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Laurence C. Morse sold 13,217 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $59.07, for a total transaction of $780,728.19. Following the completion of the transaction, the director now owns 18,808 shares of the company's stock, valued at approximately $1,110,988.56. The trade was a 41.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

Webster Financial Stock Performance

WBS stock traded down $0.95 during trading on Wednesday, reaching $46.75. 191,328 shares of the company's stock were exchanged, compared to its average volume of 1,269,796. Webster Financial Co. has a 1-year low of $39.34 and a 1-year high of $63.99. The company's fifty day moving average price is $49.08 and its 200-day moving average price is $54.40. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.34. The firm has a market cap of $7.87 billion, a PE ratio of 10.70, a P/E/G ratio of 1.02 and a beta of 1.05.

Webster Financial (NYSE:WBS - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.08). Webster Financial had a return on equity of 10.82% and a net margin of 18.39%. The firm had revenue of $704.80 million for the quarter, compared to analyst estimates of $708.46 million. During the same period in the previous year, the firm earned $1.35 earnings per share. Webster Financial's revenue was up 5.7% on a year-over-year basis. On average, research analysts expect that Webster Financial Co. will post 5.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WBS shares. Wells Fargo & Company reduced their target price on shares of Webster Financial from $75.00 to $60.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. decreased their target price on shares of Webster Financial from $67.00 to $65.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Barclays lowered their price target on Webster Financial from $80.00 to $72.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. StockNews.com upgraded shares of Webster Financial from a "sell" rating to a "hold" rating in a report on Saturday, January 11th. Finally, Morgan Stanley cut their price target on Webster Financial from $75.00 to $66.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Webster Financial currently has an average rating of "Moderate Buy" and a consensus target price of $62.73.

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.