TD Asset Management Inc. Has $4.69 Million Holdings in Webster Financial Co. (WBS)

TD Asset Management Inc. raised its holdings in shares of Webster Financial Co. (NYSE:WBS) by 21.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,271 shares of the financial services provider’s stock after buying an additional 15,700 shares during the period. TD Asset Management Inc. owned about 0.10% of Webster Financial worth $4,691,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Chilton Investment Co. LLC purchased a new stake in Webster Financial during the second quarter valued at about $2,994,000. Rhumbline Advisers boosted its holdings in shares of Webster Financial by 9.7% during the third quarter. Rhumbline Advisers now owns 201,660 shares of the financial services provider’s stock worth $10,597,000 after purchasing an additional 17,810 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Webster Financial by 65.5% during the second quarter. BNP Paribas Arbitrage SA now owns 34,826 shares of the financial services provider’s stock worth $1,819,000 after purchasing an additional 13,781 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in shares of Webster Financial during the second quarter worth about $7,481,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Webster Financial by 3,821.0% during the second quarter. Victory Capital Management Inc. now owns 804,776 shares of the financial services provider’s stock worth $42,026,000 after purchasing an additional 784,251 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

In other Webster Financial news, Director Karen R. Osar sold 12,923 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $54.70, for a total transaction of $706,888.10. Following the completion of the transaction, the director now owns 36,984 shares of the company’s stock, valued at $2,023,024.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Joseph Crawford sold 11,516 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $54.83, for a total transaction of $631,422.28. Following the transaction, the director now directly owns 16,953 shares of the company’s stock, valued at approximately $929,532.99. The disclosure for this sale can be found here. Insiders have sold 36,107 shares of company stock valued at $1,988,452 in the last ninety days. Insiders own 2.20% of the company’s stock.

A number of analysts have recently weighed in on WBS shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $63.00 target price on shares of Webster Financial in a report on Friday, October 20th. Deutsche Bank increased their target price on shares of Webster Financial from $51.00 to $53.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Boenning Scattergood reiterated a “hold” rating on shares of Webster Financial in a report on Friday, October 20th. Wells Fargo & Company increased their target price on shares of Webster Financial from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Finally, ValuEngine lowered shares of Webster Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Webster Financial has a consensus rating of “Hold” and a consensus price target of $55.22.

Webster Financial Co. (NYSE WBS) traded down $0.38 during mid-day trading on Thursday, reaching $56.70. 595,000 shares of the company were exchanged, compared to its average volume of 693,790. Webster Financial Co. has a 12 month low of $44.04 and a 12 month high of $59.25. The company has a market capitalization of $5,255.63, a P/E ratio of 22.56, a P/E/G ratio of 2.75 and a beta of 1.23. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.69.

Webster Financial (NYSE:WBS) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.03. Webster Financial had a net margin of 21.09% and a return on equity of 9.89%. The company had revenue of $266.75 million during the quarter, compared to the consensus estimate of $269.03 million. During the same period in the prior year, the firm earned $0.54 earnings per share. equities research analysts anticipate that Webster Financial Co. will post 2.6 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Tuesday, November 7th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Monday, November 6th. Webster Financial’s dividend payout ratio is 41.11%.

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Webster Financial Company Profile

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.

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

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