Universal Beteiligungs und Servicegesellschaft mbH Purchases 27,868 Shares of Webster Financial Corporation $WBS

Universal Beteiligungs und Servicegesellschaft mbH raised its position in Webster Financial Corporation (NYSE:WBS) by 66.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,880 shares of the financial services provider’s stock after purchasing an additional 27,868 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Webster Financial were worth $4,398,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Royal Bank of Canada boosted its position in shares of Webster Financial by 2.2% during the first quarter. Royal Bank of Canada now owns 94,385 shares of the financial services provider’s stock worth $4,866,000 after buying an additional 2,049 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Webster Financial in the 1st quarter valued at approximately $114,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Webster Financial by 15.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,127 shares of the financial services provider’s stock valued at $2,069,000 after acquiring an additional 5,299 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Webster Financial by 37.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 652,921 shares of the financial services provider’s stock valued at $33,658,000 after acquiring an additional 176,258 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Webster Financial by 4.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 476,095 shares of the financial services provider’s stock worth $24,543,000 after acquiring an additional 20,090 shares during the last quarter. 85.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on WBS. Morgan Stanley lowered their price objective on shares of Webster Financial from $77.00 to $75.00 and set an “equal weight” rating on the stock in a report on Thursday, February 5th. Royal Bank Of Canada downgraded Webster Financial from a “moderate buy” rating to a “hold” rating and set a $75.00 price target for the company. in a research note on Wednesday, February 4th. Wells Fargo & Company raised Webster Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Truist Financial downgraded Webster Financial from a “buy” rating to a “hold” rating and set a $74.00 price objective for the company. in a report on Wednesday, February 4th. Finally, Jefferies Financial Group set a $75.00 price target on shares of Webster Financial in a research note on Wednesday, February 4th. 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, Webster Financial presently has a consensus rating of “Hold” and an average target price of $74.07.

Webster Financial Stock Performance

WBS opened at $72.09 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. Webster Financial Corporation has a 12-month low of $45.94 and a 12-month high of $74.00. The business has a 50 day moving average of $70.55 and a 200-day moving average of $65.20. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of 12.20 and a beta of 1.03.

Webster Financial (NYSE:WBS) last posted its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. Webster Financial had a return on equity of 11.10% and a net margin of 22.67%.The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $749.96 million. During the same quarter in the prior year, the business earned $1.30 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities research analysts expect that Webster Financial Corporation will post 6.61 earnings per share for the current year.

Webster Financial 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.