Vanguard Amends WBS Stake: Holds Shared Voting Power Over 85,706 Shares

TL;DR

**Vanguard still holds 85,706 shares of WBS with shared voting power, signaling continued institutional interest.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment to its Schedule 13G on February 13, 2024, indicating its beneficial ownership of Webster Financial Corp (WBS) common stock as of December 29, 2023. Vanguard reported having sole voting power over 0 shares and shared voting power over 85,706 shares. This filing is important for investors because it shows that a significant institutional investor like Vanguard maintains a position in Webster Financial, which can signal confidence in the company's long-term prospects.

Why It Matters

This filing shows that a major institutional investor, The Vanguard Group, continues to hold a significant stake in Webster Financial Corp, which can influence investor sentiment and stock stability.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative or positive risks to the stock.

Analyst Insight

A smart investor would note Vanguard's continued, albeit slightly adjusted, institutional ownership as a sign of ongoing confidence in Webster Financial Corp, but would also look for changes in the percentage of ownership in future filings to gauge sentiment shifts.

Key Numbers

• 85,706 — Shared Voting Power Shares (Represents the number of Webster Financial Corp shares over which The Vanguard Group has shared voting power as of December 29, 2023.)
• 0 — Sole Voting Power Shares (Indicates that The Vanguard Group holds no shares with sole voting power in Webster Financial Corp as of December 29, 2023.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and institutional investor
• Webster Financial Corp (company) — the issuer of the securities
• 85,706 (dollar_amount) — number of shares with shared voting power held by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing
• February 13, 2024 (date) — date the SC 13G/A amendment was filed

Forward-Looking Statements

• Vanguard will maintain a significant institutional stake in Webster Financial Corp. (The Vanguard Group) — high confidence, target: Q3 2024

FAQ

Filing Documents

• tv02265-websterfinancialcorp.htm (SC 13G/A) — 11KB
• 0001104659-24-022289.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Webster Financial Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 200 Elm Street Stamford, CT 06902

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 947890109

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR