Tudor Investment Corp ET AL Has $2.70 Million Stock Holdings in Webster Financial Co. (NYSE:WBS)

Tudor Investment Corp ET AL trimmed its stake in shares of Webster Financial Co. (NYSE:WBS - Free Report) by 25.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,923 shares of the financial services provider's stock after selling 17,119 shares during the period. Tudor Investment Corp ET AL's holdings in Webster Financial were worth $2,702,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its position in Webster Financial by 36.4% during the 3rd quarter. Barclays PLC now owns 297,834 shares of the financial services provider's stock worth $13,883,000 after acquiring an additional 79,556 shares during the last quarter. Virtu Financial LLC acquired a new position in Webster Financial during the third quarter worth $305,000. Tidal Investments LLC grew its position in Webster Financial by 58.3% in the third quarter. Tidal Investments LLC now owns 31,599 shares of the financial services provider's stock valued at $1,473,000 after purchasing an additional 11,639 shares in the last quarter. GAMMA Investing LLC increased its stake in Webster Financial by 14.8% in the 4th quarter. GAMMA Investing LLC now owns 2,045 shares of the financial services provider's stock valued at $113,000 after buying an additional 264 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new stake in Webster Financial during the 4th quarter worth about $252,000. 85.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WBS. StockNews.com raised Webster Financial from a "sell" rating to a "hold" rating in a research report on Saturday, January 11th. Morgan Stanley lowered their price target on Webster Financial from $75.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Raymond James cut their price objective on Webster Financial from $65.00 to $58.00 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. JPMorgan Chase & Co. lowered their target price on shares of Webster Financial from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Webster Financial from $70.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $62.73.

Insider Buying and Selling at Webster Financial

In related news, CEO John R. Ciulla sold 8,000 shares of the company'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 completion of the sale, the chief executive officer now directly owns 210,051 shares in the company, valued at $12,063,228.93. This represents a 3.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Bley sold 1,800 shares of the firm's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $47.84, for a total value of $86,112.00. Following the completion of the sale, the insider now directly owns 21,517 shares in the company, valued at $1,029,373.28. This trade represents a 7.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,217 shares of company stock worth $1,386,244 over the last three months. Corporate insiders own 0.54% of the company's stock.

Webster Financial Stock Performance

Webster Financial stock traded up $0.15 during trading hours on Wednesday, hitting $48.74. The company had a trading volume of 926,844 shares, compared to its average volume of 1,249,499. The firm has a 50-day moving average of $48.37 and a 200 day moving average of $54.34. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $8.20 billion, a PE ratio of 11.15, a PEG ratio of 1.02 and a beta of 0.98. Webster Financial Co. has a one year low of $39.34 and a one year high of $63.99.

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

Webster Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Monday, May 12th will be paid a $0.40 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.28%. Webster Financial's dividend payout ratio (DPR) is 36.04%.

Webster Financial announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 1st that authorizes the company to repurchase $700.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 8.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Webster Financial 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.