Webster Financial Corporation $WBS Stock Holdings Boosted by Creative Planning

Creative Planning grew its position in Webster Financial Corporation (NYSE:WBS - Free Report) by 11.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,018 shares of the financial services provider's stock after purchasing an additional 6,551 shares during the period. Creative Planning's holdings in Webster Financial were worth $3,495,000 as of its most recent SEC filing.

• HealthEquity Stock: Leading Health Savings Account Investment

A number of other large investors also recently modified their holdings of the business. Picton Mahoney Asset Management bought a new stake in shares of Webster Financial during the 1st quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Webster Financial by 327.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 739 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 566 shares during the last quarter. TCTC Holdings LLC boosted its position in shares of Webster Financial by 118.4% in the 1st quarter. TCTC Holdings LLC now owns 832 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 451 shares during the period. IFP Advisors Inc boosted its holdings in shares of Webster Financial by 3,628.6% in the second quarter. IFP Advisors Inc now owns 783 shares of the financial services provider's stock worth $43,000 after buying an additional 762 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in Webster Financial by 56.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 829 shares of the financial services provider's stock worth $45,000 after purchasing an additional 298 shares in the last quarter. 85.58% of the stock is owned by institutional investors and hedge funds.

Webster Financial Trading Up 3.3%

Shares of Webster Financial stock opened at $57.66 on Friday. The stock has a market capitalization of $9.30 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 0.50 and a beta of 1.13. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Webster Financial Corporation has a 12-month low of $39.43 and a 12-month high of $63.99. The company has a 50-day simple moving average of $57.85 and a 200 day simple moving average of $56.95.

Webster Financial (NYSE:WBS - Get Free Report) last released its quarterly earnings results on Friday, October 17th. The financial services provider reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.02. The business had revenue of $756.06 million for the quarter, compared to analyst estimates of $725.22 million. Webster Financial had a return on equity of 11.07% and a net margin of 21.32%.During the same period in the prior year, the company earned $1.34 EPS. Research analysts expect that Webster Financial Corporation will post 5.88 earnings per share for the current fiscal year.

Webster Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Monday, November 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, November 10th. Webster Financial's dividend payout ratio is 29.80%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WBS. TD Cowen began coverage on Webster Financial in a report on Thursday, September 25th. They issued a "buy" rating and a $78.00 target price on the stock. Cowen assumed coverage on Webster Financial in a report on Wednesday, September 24th. They set a "buy" rating on the stock. Barclays boosted their price objective on shares of Webster Financial from $78.00 to $80.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 11th. Wells Fargo & Company dropped their price objective on Webster Financial from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Monday, October 20th. Finally, Cantor Fitzgerald started coverage on shares of Webster Financial in a research note on Wednesday, September 10th. They set an "overweight" rating and a $70.00 target price for the company. Thirteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Webster Financial has an average rating of "Moderate Buy" and a consensus price target of $69.85.

View Our Latest Stock Analysis on WBS

Insider Activity

In related news, CEO John R. Ciulla sold 8,000 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $55.45, for a total value of $443,600.00. Following the transaction, the chief executive officer directly owned 231,872 shares in the company, valued at $12,857,302.40. This represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James Mi Griffin sold 807 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $62.14, for a total value of $50,146.98. Following the completion of the transaction, the insider directly owned 12,556 shares in the company, valued at approximately $780,229.84. This trade represents a 6.04% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 11,807 shares of company stock valued at $678,527. Company insiders own 0.54% of the company's stock.

Webster Financial Company Profile

Webster Financial Corporation operates as the bank holding company for Webster Bank, National Association that provides a range of financial products and services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Consumer Banking.

Featured Stories

• Five stocks we like better than Webster Financial
• What is the FTSE 100 index?
• MP Materials Stock Soared After Earnings—Here’s the Real Reason
• Election Stocks: How Elections Affect the Stock Market
• Why Palantir Slide May Be a Setup for a Long-Term Opportunity
• When to Sell a Stock for Profit or Loss
• Attention Income Investors: This REIT Is on Sale

Want to see what other hedge funds are holding WBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Webster Financial Corporation (NYSE:WBS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Webster Financial Right Now?

Before you consider Webster Financial, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Webster Financial wasn't on the list.

While Webster Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here