Market Watch – Analyzing the Decline in WBS Stock Today

This afternoon we watched Webster Financial drop -4.6% to a price of $45.01 per share. The Mid-Cap Banking company is now trading -24.48% below its average target price of $59.6. Analysts have set target prices ranging from $50.0 to $70.0 per share for Webster Financial, and have given the stock an average rating of buy.

The stock has an average amount of shares sold short at 2.0%, and a short ratio of 2.98. Only 0.96% of the company's shares are owned by insiders, indicating that management does not have a deep alignment of interest with its shareholders. Finally, we also note that a significant number of institutional investors are invested in the stock, with 88.1% of Webster Financial's shares being owned by this investor type.

Institutions Invested in Webster Financial

Date Reported Holder Percentage Shares Value
2023-12-31 Vanguard Group Inc 10% 17,871,429 $804,392,989
2023-12-31 Blackrock Inc. 9% 15,387,792 $692,604,492
2023-12-31 FMR, LLC 5% 7,983,978 $359,358,836
2023-12-31 Capital International Investors 4% 7,729,516 $347,905,502
2023-12-31 State Street Corporation 4% 7,545,559 $339,625,597
2023-12-31 Price (T.Rowe) Associates Inc 4% 6,141,702 $276,437,996
2023-12-31 Invesco Ltd. 3% 5,505,050 $247,782,291
2023-12-31 Dimensional Fund Advisors LP 2% 3,916,013 $176,259,738
2023-12-31 Macquarie Group Limited 2% 3,208,438 $144,411,788
2023-12-31 Wellington Management Group, LLP 2% 2,907,416 $130,862,789

Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Webster Financial.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.