Carmignac Gestion Acquires Shares of 194,025 Webster Financial Corporation $WBS

Carmignac Gestion bought a new position in shares of Webster Financial Corporation (NYSE:WBS) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 194,025 shares of the financial services provider’s stock, valued at approximately $13,469,000.

A number of other large investors have also modified their holdings of the business. BOKF NA acquired a new stake in shares of Webster Financial in the 3rd quarter valued at approximately $26,000. Flagship Harbor Advisors LLC purchased a new position in Webster Financial in the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd purchased a new position in Webster Financial in the third quarter worth $29,000. New England Capital Financial Advisors LLC raised its position in Webster Financial by 246.8% in the first quarter. New England Capital Financial Advisors LLC now owns 437 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 311 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new stake in Webster Financial in the fourth quarter valued at $31,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Webster Financial from $79.00 to $77.50 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Webster Financial in a report on Friday, June 12th. UBS Group initiated coverage on shares of Webster Financial in a research note on Tuesday, April 7th. They issued a “neutral” rating and a $69.00 price objective for the company. Finally, Royal Bank Of Canada boosted their price objective on shares of Webster Financial from $75.00 to $76.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.04.

Webster Financial Stock Up 0.1%

WBS opened at $77.30 on Monday. The business’s fifty day moving average is $75.07 and its two-hundred day moving average is $71.84. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 12.57 and a beta of 1.00. Webster Financial Corporation has a one year low of $52.69 and a one year high of $77.69.

Webster Financial (NYSE:WBS) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.01). The firm had revenue of $769.23 million during the quarter, compared to analysts’ expectations of $755.80 million. Webster Financial had a net margin of 22.78% and a return on equity of 11.23%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 EPS. Analysts anticipate that Webster Financial Corporation will post 6.55 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, August 10th. Webster Financial’s dividend payout ratio (DPR) is 26.02%.

Webster Financial Company Profile

Webster Financial Corporation is a bank holding company headquartered in Waterbury, Connecticut. Through its principal subsidiary, Webster Bank, N.A., the company offers a broad range of banking products and financial services to individuals, small businesses, and middle-market commercial clients. Key offerings include deposit accounts, residential and commercial real estate lending, equipment finance, treasury management, and payment processing solutions.

In addition to traditional banking services, Webster Financial provides wealth management and insurance products designed to help clients plan for retirement, preserve assets, and manage risk.