California Public Employees Retirement System Has $22.73 Million Stock Position in Webster Financial Corporation $WBS

California Public Employees Retirement System lifted its position in shares of Webster Financial Corporation (NYSE:WBS) by 2.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 327,429 shares of the financial services provider’s stock after acquiring an additional 7,725 shares during the quarter. California Public Employees Retirement System owned approximately 0.20% of Webster Financial worth $22,730,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in Webster Financial by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,920,300 shares of the financial services provider’s stock valued at $498,509,000 after purchasing an additional 107,335 shares during the period. Invesco Ltd. lifted its holdings in Webster Financial by 2.9% in the fourth quarter. Invesco Ltd. now owns 5,516,110 shares of the financial services provider’s stock valued at $347,184,000 after buying an additional 156,636 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Webster Financial by 15.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,246,364 shares of the financial services provider’s stock valued at $330,207,000 after buying an additional 713,294 shares during the period. Capital International Investors boosted its stake in Webster Financial by 0.4% in the fourth quarter. Capital International Investors now owns 4,177,281 shares of the financial services provider’s stock valued at $263,058,000 after acquiring an additional 16,676 shares during the last quarter. Finally, Norges Bank bought a new position in Webster Financial in the fourth quarter valued at approximately $142,035,000. Institutional investors and hedge funds own 85.58% of the company’s stock.

Webster Financial Stock Up 0.7%

Shares of Webster Financial stock opened at $76.58 on Thursday. Webster Financial Corporation has a 1 year low of $52.69 and a 1 year high of $77.69. The business has a 50-day moving average of $74.43 and a two-hundred day moving average of $71.25. The company has a market capitalization of $12.41 billion, a P/E ratio of 12.45 and a beta of 1.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.87 and a quick ratio of 0.87.

Webster Financial (NYSE:WBS) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.01). Webster Financial had a net margin of 22.78% and a return on equity of 11.31%. The business had revenue of $739.99 million for the quarter, compared to the consensus estimate of $755.80 million. During the same quarter last year, the firm earned $1.52 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities analysts predict that Webster Financial Corporation will post 6.57 EPS for the current year.

Webster Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 11th were paid a $0.40 dividend. 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 payout ratio is presently 26.19%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank Of Canada upped their target price on shares of Webster Financial from $75.00 to $76.00 and gave the company a “sector perform” rating in a research report on Wednesday. UBS Group began coverage on Webster Financial in a research note on Tuesday, April 7th. They set a “neutral” rating and a $69.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Webster Financial in a report on Friday, June 12th. Finally, Keefe, Bruyette & Woods cut their target price on Webster Financial from $79.00 to $77.50 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.04.

Webster Financial 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.