Webster Financial (WBS) Reaches $59.58 52-Week High; Farallon Capital Management Boosted Astrazeneca Plc (AZN) Holding By $85.97 Million

January 14, 2018 - By Adrian Mccoy

The stock of Webster Financial Corporation (NYSE:WBS) hit a new 52-week high and has $64.94 target or 9.00% above today’s $59.58 share price. The 9 months bullish chart indicates low risk for the $5.90 billion company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $64.94 price target is reached, the company will be worth $531.36M more. The stock increased 0.98% or $0.58 during the last trading session, reaching $59.58. About 446,408 shares traded. Webster Financial Corporation (NYSE:WBS) has risen 33.32% since January 14, 2017 and is uptrending. It has outperformed by 16.62% the S&P500.

Farallon Capital Management Llc increased Astrazeneca Plc (AZN) stake by 453.04% reported in 2017Q3 SEC filing. Farallon Capital Management Llc acquired 2.61 million shares as Astrazeneca Plc (AZN)’s stock rose 16.26%. The Farallon Capital Management Llc holds 3.18 million shares with $107.74 million value, up from 575,000 last quarter. Astrazeneca Plc now has $86.16B valuation. The stock increased 0.71% or $0.25 during the last trading session, reaching $35.65. About 3.02 million shares traded. AstraZeneca PLC (NYSE:AZN) has risen 19.45% since January 14, 2017 and is uptrending. It has outperformed by 2.75% the S&P500.

Since August 2, 2017, it had 0 insider buys, and 5 sales for $2.92 million activity. Shares for $81,338 were sold by BLEY DANIEL on Tuesday, October 24. SMITH JAMES COPENHAVER sold $500,220 worth of stock or 8,943 shares. Another trade for 31,940 shares valued at $1.64M was sold by Mhatre Nitin J.. $631,435 worth of stock was sold by CRAWFORD JOHN JOSEPH on Tuesday, October 24.

Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.15, from 1.11 in 2017Q2. It fall, as 29 investors sold Webster Financial Corporation shares while 79 reduced holdings. 22 funds opened positions while 82 raised stakes. 84.59 million shares or 1.90% less from 86.23 million shares in 2017Q2 were reported. Yhb Inv Advsrs stated it has 4,688 shares. First Midwest Fincl Bank Trust Division reported 0.06% of its portfolio in Webster Financial Corporation (NYSE:WBS). Northern has invested 0.01% of its portfolio in Webster Financial Corporation (NYSE:WBS). Advantus Mngmt invested 0.02% of its portfolio in Webster Financial Corporation (NYSE:WBS). Moreover, Adams Diversified Equity Fund has 0.05% invested in Webster Financial Corporation (NYSE:WBS). Creative Planning holds 9,877 shares. Manufacturers Life Ins The holds 136,240 shares or 0.01% of its portfolio. Credit Agricole S A owns 40,895 shares or 0.01% of their US portfolio. 5.01 million are held by Rech Global Invsts. Schroder Investment Management stated it has 697,801 shares or 0.06% of all its holdings. Retirement Of Alabama stated it has 118,803 shares. Artisan Partners Limited Partnership invested 0.07% in Webster Financial Corporation (NYSE:WBS). Polaris Cap Lc owns 1.91% invested in Webster Financial Corporation (NYSE:WBS) for 648,741 shares. Security Natl Trust reported 250 shares. Grandeur Peak Global Advsr Lc reported 13,025 shares or 0.1% 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 $5.90 billion. It operates through four divisions: Commercial Banking, Community Banking, HSA Bank, and Private Banking. It has a 23.46 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.

Among 17 analysts covering Webster Financial (NYSE:WBS), 8 have Buy rating, 1 Sell and 8 Hold. Therefore 47% are positive. Webster Financial had 46 analyst reports since July 20, 2015 according to SRatingsIntel. The firm has “Sell” rating by Piper Jaffray given on Thursday, October 19. The firm has “Equal-Weight” rating given on Friday, August 5 by Barclays Capital. On Friday, October 9 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of Webster Financial Corporation (NYSE:WBS) has “Buy” rating given on Sunday, July 23 by Keefe Bruyette & Woods. The stock of Webster Financial Corporation (NYSE:WBS) has “Sector Perform” rating given on Friday, October 16 by RBC Capital Markets. The firm has “Buy” rating by Zacks given on Tuesday, September 22. The rating was maintained by Jefferies on Friday, August 11 with “Hold”. Wood maintained Webster Financial Corporation (NYSE:WBS) on Tuesday, April 11 with “Buy” rating. The firm earned “Hold” rating on Tuesday, October 10 by Jefferies. The stock has “Overweight” rating by JP Morgan on Tuesday, November 24.

Analysts await Webster Financial Corporation (NYSE:WBS) to report earnings on January, 18. They expect $0.66 earnings per share, up 10.00% or $0.06 from last year’s $0.6 per share. WBS’s profit will be $65.40M for 22.57 P/E if the $0.66 EPS becomes a reality. After $0.67 actual earnings per share reported by Webster Financial Corporation for the previous quarter, Wall Street now forecasts -1.49% negative EPS growth.

Farallon Capital Management Llc decreased Charter Communications Inc N stake by 143,570 shares to 191,255 valued at $69.51M in 2017Q3. It also reduced Constellation Brands Inc (NYSE:STZ) stake by 45,902 shares and now owns 654,869 shares. Comcast Corp New (NASDAQ:CMCSA) was reduced too.

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