Circle Wealth Management LLC Cuts Holdings in Webster Financial Co. (WBS)

Circle Wealth Management LLC decreased its holdings in Webster Financial Co. (NYSE:WBS) by 12.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,297 shares of the financial services provider’s stock after selling 1,793 shares during the period. Circle Wealth Management LLC’s holdings in Webster Financial were worth $606,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Municipal Employees Retirement System of Michigan bought a new stake in Webster Financial during the 4th quarter valued at $1,092,000. Squarepoint Ops LLC raised its holdings in Webster Financial by 347.6% during the 4th quarter. Squarepoint Ops LLC now owns 99,416 shares of the financial services provider’s stock valued at $4,900,000 after buying an additional 77,205 shares during the last quarter. Suntrust Banks Inc. raised its holdings in Webster Financial by 3.2% during the 4th quarter. Suntrust Banks Inc. now owns 46,411 shares of the financial services provider’s stock valued at $2,288,000 after buying an additional 1,433 shares during the last quarter. Two Sigma Advisers LP bought a new stake in Webster Financial during the 4th quarter valued at $1,816,000. Finally, Two Sigma Investments LP raised its holdings in Webster Financial by 477.4% during the 4th quarter. Two Sigma Investments LP now owns 116,883 shares of the financial services provider’s stock valued at $5,761,000 after buying an additional 96,640 shares during the last quarter. 90.52% of the stock is owned by institutional investors.

Shares of NYSE WBS opened at $54.97 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.83 and a quick ratio of 0.83. Webster Financial Co. has a 12 month low of $45.38 and a 12 month high of $69.63. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 1.66 and a beta of 1.21.

Webster Financial (NYSE:WBS) last issued its quarterly earnings data on Thursday, January 24th. The financial services provider reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.03. Webster Financial had a net margin of 26.94% and a return on equity of 13.36%. The business had revenue of $310.30 million during the quarter, compared to analyst estimates of $305.55 million. During the same period in the prior year, the business earned $0.73 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. Equities research analysts expect that Webster Financial Co. will post 4.16 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 26th. Shareholders of record on Tuesday, February 12th were issued a $0.33 dividend. The ex-dividend date was Monday, February 11th. This represents a $1.32 annualized dividend and a yield of 2.40%. Webster Financial’s dividend payout ratio (DPR) is presently 35.29%.

WBS has been the subject of a number of recent analyst reports. Sandler O’Neill upgraded shares of Webster Financial from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Monday, December 10th. ValuEngine lowered shares of Webster Financial from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. Zacks Investment Research lowered shares of Webster Financial from a “buy” rating to a “hold” rating in a report on Sunday, January 6th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Webster Financial in a report on Thursday, January 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Webster Financial has a consensus rating of “Hold” and an average price target of $61.29.

In related news, Director James Copenhaver Smith sold 55,000 shares of the stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $55.06, for a total value of $3,028,300.00. Following the completion of the transaction, the director now directly owns 310,984 shares in the company, valued at approximately $17,122,779.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Joseph Crawford sold 1,207 shares of the stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $55.85, for a total transaction of $67,410.95. Following the completion of the transaction, the director now owns 18,008 shares of the company’s stock, valued at $1,005,746.80. The disclosure for this sale can be found here. Insiders sold a total of 102,066 shares of company stock valued at $5,569,345 over the last 90 days. Company insiders own 1.96% of the company’s stock.

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Webster Financial Company Profile

Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. It operates through four segments: Commercial Banking, Community Banking, HSA Bank, and Private Banking.

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

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