Eminence Capital Lp buys $124,194,263 stake in Webster Financial Corporation (WBS)

Webster Financial Corporation (WBS) : Eminence Capital Lp scooped up 85,151 additional shares in Webster Financial Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 3,392,359 shares of Webster Financial Corporation which is valued at $124,194,263.Webster Financial Corporation makes up approximately 2.06% of Eminence Capital Lp’s portfolio.

Other Hedge Funds, Including , Archford Capital Strategies added WBS to its portfolio by purchasing 137 company shares during the most recent quarter which is valued at $5,016.Allianz Asset Management Ag reduced its stake in WBS by selling 41,012 shares or 22.91% in the most recent quarter. The Hedge Fund company now holds 138,030 shares of WBS which is valued at $5,053,278. Webster Financial Corporation makes up approx 0.01% of Allianz Asset Management Ag’s portfolio. Trexquant Investment Lp added WBS to its portfolio by purchasing 13,400 company shares during the most recent quarter which is valued at $490,574. Webster Financial Corporation makes up approx 0.06% of Trexquant Investment Lp’s portfolio.

Webster Financial Corporation opened for trading at $38.97 and hit $38.97 on the upside on Wednesday, eventually ending the session at $38.57, with a gain of 1.02% or 0.39 points. The heightened volatility saw the trading volume jump to 506,852 shares. Company has a market cap of $3,536 M.

On the company’s financial health, Webster Financial Corporation reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.52. The company had revenue of $242.00 million for the quarter, compared to analysts expectations of $240.67 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Webster Financial Corporation (Webster) is a bank and financial holding company. Webster Financial Corporation’s principal assets include the outstanding capital stock of Webster Bank National Association (Webster Bank). Webster through Webster Bank and non-banking financial services subsidiaries delivers financial services to individuals families and businesses. Webster Bank provides commercial small business and consumer banking mortgage lending financial planning and trust and investment services through banking centers automatic teller machines telephone banking mobile banking and online banking through www.websterbank.com. The Company operates in three segments: Commercial Banking Community Banking and Other. The Community Banking consists of the Personal Banking and Business Banking operations. Commercial Banking provides lending deposit and treasury and payment solutions. Other segment activities consist of HSA Bank and the Private Banking operating segments.

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