Webster Financial (WBS) Reaches $54.74 After 7.00% Down Move; Manufacturers Life Insurance Company The Has Cut Jd Com (JD) Position

April 17, 2018 - By Winifred Garcia

Webster Financial Corporation (NYSE:WBS) Logo

Manufacturers Life Insurance Company The decreased Jd Com Inc (JD) stake by 4.64% reported in 2017Q4 SEC filing. Manufacturers Life Insurance Company The sold 7,581 shares as Jd Com Inc (JD)’s stock declined 3.51%. The Manufacturers Life Insurance Company The holds 155,909 shares with $6.46 million value, down from 163,490 last quarter. Jd Com Inc now has $57.81B valuation. The stock increased 0.94% or $0.38 during the last trading session, reaching $40.31. About 6.29 million shares traded. JD.com, Inc. (NASDAQ:JD) has risen 29.73% since April 17, 2017 and is uptrending. It has outperformed by 18.18% the S&P500.

The stock of Webster Financial Corporation (NYSE:WBS) is a huge mover today! The stock decreased 1.90% or $1.06 during the last trading session, reaching $54.74. About 202,783 shares traded. Webster Financial Corporation (NYSE:WBS) has risen 10.54% since April 17, 2017 and is uptrending. It has underperformed by 1.01% the S&P500.The move comes after 8 months negative chart setup for the $5.04B company. It was reported on Apr, 17 by Barchart.com. We have $50.91 PT which if reached, will make NYSE:WBS worth $352.66 million less.

Among 19 analysts covering Webster Financial (NYSE:WBS), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. Webster Financial had 55 analyst reports since July 20, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Sunday, July 23 by Keefe Bruyette & Woods. The stock of Webster Financial Corporation (NYSE:WBS) has “Hold” rating given on Wednesday, November 8 by Deutsche Bank. As per Monday, January 25, the company rating was maintained by FBR Capital. On Wednesday, January 24 the stock rating was maintained by JP Morgan with “Overweight”. Piper Jaffray maintained it with “Hold” rating and $56.0 target in Tuesday, January 23 report. The stock of Webster Financial Corporation (NYSE:WBS) earned “Hold” rating by Zacks on Tuesday, September 8. Jefferies maintained the shares of WBS in report on Friday, August 11 with “Hold” rating. Barclays Capital downgraded it to “Equal-Weight” rating and $38 target in Friday, August 5 report. On Tuesday, January 9 the stock rating was maintained by Wells Fargo with “Hold”. RBC Capital Markets maintained it with “Sector Perform” rating and $35 target in Friday, January 22 report.

Analysts await Webster Financial Corporation (NYSE:WBS) to report earnings on April, 19 before the open. They expect $0.79 EPS, up 27.42% or $0.17 from last year’s $0.62 per share. WBS’s profit will be $72.71 million for 17.32 P/E if the $0.79 EPS becomes a reality. After $0.65 actual EPS reported by Webster Financial Corporation for the previous quarter, Wall Street now forecasts 21.54% EPS growth.

Investors sentiment increased to 1.16 in 2017 Q4. Its up 0.20, from 0.96 in 2017Q3. It improved, as 18 investors sold Webster Financial Corporation shares while 75 reduced holdings. 26 funds opened positions while 82 raised stakes. 85.11 million shares or 0.62% more from 84.59 million shares in 2017Q3 were reported. Cardinal Capital Mngmt holds 30,795 shares. 16,404 were reported by Janney Montgomery Scott. State Treasurer State Of Michigan accumulated 33,050 shares. Lpl Finance Limited Liability reported 0% in Webster Financial Corporation (NYSE:WBS). Artisan Prtnrs Ltd Partnership holds 0.13% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 1.24M shares. National Bank & Trust Of Mellon invested in 0.03% or 2.17M shares. Credit Suisse Ag accumulated 77,689 shares. Virginia Retirement Et Al holds 0.01% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 15,500 shares. Louisiana State Employees Retirement System owns 23,300 shares. Schroder Mngmt accumulated 741,715 shares or 0.07% of the stock. Waddell Reed Fin, a Kansas-based fund reported 783,407 shares. Plante Moran Finance Ltd Llc holds 0% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 25 shares. Moreover, Retirement Sys Of Alabama has 0.03% invested in Webster Financial Corporation (NYSE:WBS). Balyasny Asset Management Ltd Liability holds 0% of its portfolio in Webster Financial Corporation (NYSE:WBS) for 12,440 shares. California State Teachers Retirement stated it has 154,020 shares or 0.02% of all its holdings.

Webster Financial Corporation operates as the holding firm for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. The company has market cap of $5.04 billion. It operates through four divisions: Commercial Banking, Community Banking, HSA Bank, and Private Banking. It has a 20.5 P/E ratio. The Commercial Banking segment provides lending, deposit, and cash management services to middle market companies; and asset lending, commercial real estate, and equipment finance, as well as treasury and payment services, which include government and institutional banking.

Since October 24, 2017, it had 0 insider purchases, and 7 insider sales for $1.91 million activity. BLEY DANIEL also sold $81,338 worth of Webster Financial Corporation (NYSE:WBS) on Tuesday, October 24. CRAWFORD JOHN JOSEPH sold $631,435 worth of Webster Financial Corporation (NYSE:WBS) on Tuesday, October 24. $185,415 worth of Webster Financial Corporation (NYSE:WBS) shares were sold by Pettie Mark. BECKER JOEL S had sold 5,064 shares worth $274,565. The insider SMITH JAMES COPENHAVER sold 8,943 shares worth $500,220.

Among 22 analysts covering JD.com (NASDAQ:JD), 17 have Buy rating, 0 Sell and 5 Hold. Therefore 77% are positive. JD.com had 48 analyst reports since August 4, 2015 according to SRatingsIntel. Nomura upgraded JD.com, Inc. (NASDAQ:JD) on Friday, January 22 to “Buy” rating. TH Capital initiated JD.com, Inc. (NASDAQ:JD) rating on Tuesday, August 4. TH Capital has “Buy” rating and $39 target. M Partners upgraded JD.com, Inc. (NASDAQ:JD) on Wednesday, August 23 to “Buy” rating. The firm has “Neutral” rating given on Wednesday, August 31 by JP Morgan. The firm earned “Buy” rating on Thursday, October 19 by KeyBanc Capital Markets. KeyBanc Capital Markets maintained JD.com, Inc. (NASDAQ:JD) rating on Thursday, January 25. KeyBanc Capital Markets has “Buy” rating and $56.0 target. The firm earned “Buy” rating on Friday, October 14 by Stifel Nicolaus. On Thursday, August 11 the stock rating was maintained by Nomura with “Buy”. Nomura maintained the shares of JD in report on Tuesday, November 14 with “Buy” rating. On Tuesday, November 14 the stock rating was maintained by Wells Fargo with “Outperform”.

Webster Financial Corporation (NYSE:WBS) Institutional Positions Chart

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