Jupiter Topco LLC Makes New $8.44 Million Investment in Webster Financial Corporation $WBS

Jupiter Topco LLC purchased a new stake in shares of Webster Financial Corporation (NYSE:WBS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 110,480 shares of the financial services provider’s stock, valued at approximately $8,443,000.

Several other institutional investors have also made changes to their positions in the company. Kintayl Capital LP acquired a new stake in Webster Financial in the second quarter valued at approximately $2,857,000. Hsbc Holdings PLC bought a new position in Webster Financial during the second quarter valued at about $3,908,000. Canada Pension Plan Investment Board acquired a new stake in shares of Webster Financial in the second quarter worth about $37,140,000. Kapitalo Investimentos Ltda acquired a new position in shares of Webster Financial during the 2nd quarter valued at about $2,145,000. Finally, Legal & General Group Plc bought a new position in shares of Webster Financial in the 2nd quarter valued at approximately $16,711,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Webster Financial in a research report on Friday, June 12th. Royal Bank Of Canada lifted their target price on shares of Webster Financial from $75.00 to $76.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 22nd. Finally, Barclays upped their price target on shares of Webster Financial from $75.00 to $78.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.25.

Webster Financial Price Performance

Shares of WBS stock opened at $77.57 on Monday. Webster Financial Corporation has a 12 month low of $52.69 and a 12 month high of $79.74. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.46. The firm has a market cap of $12.57 billion, a PE ratio of 12.61 and a beta of 1.01. The stock has a 50 day moving average of $77.08 and a 200-day moving average of $73.47.

Webster Financial (NYSE:WBS) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.01). Webster Financial had a return on equity of 11.23% and a net margin of 22.78%.The company had revenue of $769.23 million during the quarter, compared to analyst estimates of $755.80 million. During the same quarter in the previous year, the business posted $1.52 EPS. The company’s revenue was up 3.4% on a year-over-year basis. On average, equities analysts predict that Webster Financial Corporation will post 6.59 EPS for the current year.

Webster Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.60 dividend on an annualized basis and a yield of 2.1%. Webster Financial’s dividend payout ratio is 26.02%.

Webster Financial Company Profile

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.