Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. trimmed its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 83.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,175 shares of the bank’s stock after selling 195,193 shares during the period. Cullen Frost Bankers Inc. owned 0.06% of Cullen/Frost Bankers worth $4,250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CFR. FMR LLC increased its position in Cullen/Frost Bankers by 6.3% during the third quarter. FMR LLC now owns 1,476,411 shares of the bank’s stock worth $134,663,000 after purchasing an additional 88,042 shares during the last quarter. Montrusco Bolton Investments Inc. lifted its holdings in Cullen/Frost Bankers by 12.6% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 647,965 shares of the bank’s stock worth $59,101,000 after buying an additional 72,458 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Cullen/Frost Bankers by 6.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 521,139 shares of the bank’s stock worth $56,538,000 after buying an additional 32,041 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Cullen/Frost Bankers by 5.8% during the third quarter. Sei Investments Co. now owns 314,657 shares of the bank’s stock valued at $28,700,000 after acquiring an additional 17,141 shares during the period. Finally, Invesco Ltd. boosted its stake in Cullen/Frost Bankers by 0.6% during the 3rd quarter. Invesco Ltd. now owns 297,436 shares of the bank’s stock valued at $27,129,000 after purchasing an additional 1,832 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CFR shares. Evercore ISI raised their price target on Cullen/Frost Bankers from $109.00 to $113.00 and gave the stock an “underperform” rating in a research note on Thursday, March 28th. Morgan Stanley raised their price objective on shares of Cullen/Frost Bankers from $109.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. StockNews.com upgraded Cullen/Frost Bankers to a “sell” rating in a research note on Saturday, May 4th. Jefferies Financial Group raised their target price on Cullen/Frost Bankers from $119.00 to $121.00 and gave the company a “hold” rating in a research note on Monday, April 8th. Finally, Wedbush restated a “neutral” rating and set a $115.00 target price on shares of Cullen/Frost Bankers in a report on Friday, April 26th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Cullen/Frost Bankers has an average rating of “Hold” and a consensus price target of $117.46.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 9,820 shares of Cullen/Frost Bankers stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the completion of the sale, the insider now owns 96,380 shares of the company’s stock, valued at $10,543,972. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Cullen/Frost Bankers news, insider Paul Bracher sold 9,820 shares of Cullen/Frost Bankers stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the completion of the sale, the insider now owns 96,380 shares of the company’s stock, valued at $10,543,972. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bobby Berman sold 1,312 shares of Cullen/Frost Bankers stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $105.49, for a total value of $138,402.88. Following the completion of the transaction, the executive vice president now owns 27,815 shares in the company, valued at approximately $2,934,204.35. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $106.95 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.32 and a beta of 1.04. The stock has a 50 day moving average of $108.84 and a 200 day moving average of $104.71. Cullen/Frost Bankers, Inc. has a 12 month low of $82.25 and a 12 month high of $120.31.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, April 25th. The bank reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.02. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. During the same period last year, the company earned $2.70 earnings per share. As a group, sell-side analysts forecast that Cullen/Frost Bankers, Inc. will post 8.43 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Friday, May 31st. Cullen/Frost Bankers’s dividend payout ratio is 43.50%.

Cullen/Frost Bankers Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.