UBS Asset Management Americas Inc. reduced its stake in shares of Webster Financial Corporation (NYSE:WBS) by 7.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 330,593 shares of the financial services provider’s stock after selling 27,735 shares during the period. UBS Asset Management Americas Inc. owned 0.36% of Webster Financial Corporation worth $17,264,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WBS. BlackRock Inc. grew its stake in shares of Webster Financial Corporation by 14,031.4% during the 1st quarter. BlackRock Inc. now owns 10,092,772 shares of the financial services provider’s stock valued at $505,043,000 after acquiring an additional 10,021,351 shares during the period. Vanguard Group Inc. raised its stake in Webster Financial Corporation by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 7,564,362 shares of the financial services provider’s stock worth $378,521,000 after acquiring an additional 395,457 shares during the period. State Street Corp raised its stake in Webster Financial Corporation by 12.5% during the 1st quarter. State Street Corp now owns 5,006,188 shares of the financial services provider’s stock worth $250,503,000 after acquiring an additional 556,988 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Webster Financial Corporation by 6.3% during the first quarter. Goldman Sachs Group Inc. now owns 3,558,723 shares of the financial services provider’s stock valued at $178,078,000 after purchasing an additional 209,899 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in Webster Financial Corporation by 2.7% during the first quarter. Macquarie Group Ltd. now owns 2,945,928 shares of the financial services provider’s stock valued at $147,414,000 after purchasing an additional 76,925 shares in the last quarter. 93.67% of the stock is currently owned by hedge funds and other institutional investors.

Webster Financial Corporation (NYSE WBS) opened at 52.82 on Tuesday. Webster Financial Corporation has a 12 month low of $36.96 and a 12 month high of $57.50. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 22.01 and a beta of 1.26. The company’s 50 day moving average is $48.21 and its 200-day moving average is $50.28.

Webster Financial Corporation (NYSE:WBS) last posted its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.04. The business had revenue of $262.50 million during the quarter, compared to analysts’ expectations of $260.91 million. Webster Financial Corporation had a return on equity of 9.49% and a net margin of 20.43%. During the same period in the previous year, the business earned $0.53 earnings per share. On average, analysts expect that Webster Financial Corporation will post $2.55 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Webster Financial Corporation from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Saturday, July 8th. ValuEngine raised shares of Webster Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and set a $53.00 price objective on shares of Webster Financial Corporation in a research report on Friday, July 14th. BidaskClub upgraded shares of Webster Financial Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Wedbush restated an “outperform” rating and set a $60.00 target price on shares of Webster Financial Corporation in a research note on Tuesday, June 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Webster Financial Corporation has an average rating of “Hold” and an average target price of $53.00.

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In related news, EVP Daniel Bley sold 8,000 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $51.20, for a total value of $409,600.00. Following the completion of the sale, the executive vice president now owns 25,657 shares of the company’s stock, valued at approximately $1,313,638.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Nitin J. Mhatre sold 31,940 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $51.34, for a total transaction of $1,639,799.60. Following the completion of the sale, the executive vice president now directly owns 23,120 shares of the company’s stock, valued at approximately $1,186,980.80. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

About Webster Financial Corporation

Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.

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Institutional Ownership by Quarter for Webster Financial Corporation (NYSE:WBS)

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