Aperio Group LLC Acquires 2,312 Shares of Webster Financial Co. (WBS)
Aperio Group LLC increased its holdings in shares of Webster Financial Co. (NYSE:WBS) by 4.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 50,727 shares of the financial services provider’s stock after purchasing an additional 2,312 shares during the period. Aperio Group LLC’s holdings in Webster Financial were worth $3,231,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in WBS. LPL Financial LLC acquired a new stake in shares of Webster Financial during the fourth quarter worth about $357,000. Wasatch Advisors Inc. raised its position in shares of Webster Financial by 5.5% during the first quarter. Wasatch Advisors Inc. now owns 1,276,713 shares of the financial services provider’s stock worth $70,730,000 after purchasing an additional 66,840 shares during the period. Polaris Capital Management LLC raised its position in shares of Webster Financial by 62.8% during the first quarter. Polaris Capital Management LLC now owns 1,104,041 shares of the financial services provider’s stock worth $61,164,000 after purchasing an additional 426,000 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of Webster Financial by 1,329.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 152,900 shares of the financial services provider’s stock worth $8,359,000 after purchasing an additional 142,200 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Webster Financial by 19.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,737 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 949 shares during the period. 94.14% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:WBS opened at $67.52 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.69. The stock has a market cap of $6.17 billion, a P/E ratio of 26.08, a PEG ratio of 2.29 and a beta of 1.14. Webster Financial Co. has a 52-week low of $44.04 and a 52-week high of $69.63.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 20th. Investors of record on Monday, August 6th will be issued a dividend of $0.33 per share. The ex-dividend date is Friday, August 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.95%. Webster Financial’s payout ratio is presently 50.97%.
A number of equities research analysts have recently commented on the company. Boenning Scattergood reaffirmed a “hold” rating on shares of Webster Financial in a research report on Thursday, July 19th. Barclays raised their price target on Webster Financial from $67.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, July 20th. ValuEngine lowered Webster Financial from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Deutsche Bank raised their price target on Webster Financial from $61.00 to $64.00 and gave the stock a “hold” rating in a research report on Friday, May 4th. Finally, Morgan Stanley raised their price target on Webster Financial from $61.00 to $62.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $63.30.
In related news, EVP Daniel Bley sold 1,469 shares of the stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $66.36, for a total transaction of $97,482.84. Following the completion of the transaction, the executive vice president now directly owns 19,329 shares in the company, valued at $1,282,672.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Charles L. Wilkins sold 3,000 shares of the stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $67.51, for a total value of $202,530.00. Following the transaction, the executive vice president now owns 18,579 shares of the company’s stock, valued at $1,254,268.29. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by company insiders.
About Webster Financial
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.
Further Reading: Leveraged Buyout (LBO)
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