Moore Capital Management LP Has $17.12 Million Stock Holdings in Webster Financial Corporation $WBS

Moore Capital Management LP grew its holdings in Webster Financial Corporation (NYSE:WBS) by 53.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 272,000 shares of the financial services provider’s stock after buying an additional 95,200 shares during the quarter. Moore Capital Management LP owned 0.17% of Webster Financial worth $17,120,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in WBS. Norges Bank acquired a new position in shares of Webster Financial in the 4th quarter valued at $142,035,000. Alyeska Investment Group L.P. raised its stake in shares of Webster Financial by 7,442.8% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,032,937 shares of the financial services provider’s stock valued at $120,838,000 after buying an additional 2,005,985 shares in the last quarter. 140 Summer Partners LP acquired a new position in shares of Webster Financial in the 3rd quarter valued at $75,465,000. AQR Capital Management LLC raised its stake in shares of Webster Financial by 221.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,565,623 shares of the financial services provider’s stock valued at $85,483,000 after buying an additional 1,077,819 shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new position in shares of Webster Financial in the 4th quarter valued at $56,253,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Webster Financial Stock Up 0.4%

WBS opened at $75.15 on Thursday. The firm’s 50-day simple moving average is $72.42 and its 200-day simple moving average is $68.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.87. Webster Financial Corporation has a twelve month low of $50.66 and a twelve month high of $76.10. The firm has a market cap of $12.18 billion, a price-to-earnings ratio of 12.30 and a beta of 1.00.

Webster Financial (NYSE:WBS) last posted its earnings results on Tuesday, April 28th. The financial services provider reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.04. Webster Financial had a net margin of 22.95% and a return on equity of 11.31%. The business had revenue of $764.05 million for the quarter, compared to analyst estimates of $735.26 million. During the same quarter in the prior year, the firm earned $1.30 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities research analysts anticipate that Webster Financial Corporation will post 6.59 EPS for the current fiscal year.

Webster Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 11th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.60 dividend on an annualized basis and a yield of 2.1%. Webster Financial’s dividend payout ratio is currently 26.19%.

Analyst Ratings Changes

WBS has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Webster Financial in a report on Friday, June 12th. UBS Group initiated coverage on shares of Webster Financial in a report on Tuesday, April 7th. They issued a “neutral” rating and a $69.00 target price on the stock. Wells Fargo & Company raised shares of Webster Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Santander lowered shares of Webster Financial from a “neutral” rating to an “underweight” rating in a report on Tuesday, March 3rd. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Webster Financial from $79.00 to $77.50 and set an “outperform” rating on the stock in a report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $73.96.

About Webster Financial

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.