Personal CFO Solutions LLC Has $281,000 Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Personal CFO Solutions LLC increased its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 15.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,091 shares of the bank’s stock after purchasing an additional 283 shares during the period. Personal CFO Solutions LLC’s holdings in Cullen/Frost Bankers were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its stake in Cullen/Frost Bankers by 30.3% in the 3rd quarter. Tidal Investments LLC now owns 18,689 shares of the bank’s stock worth $2,091,000 after purchasing an additional 4,348 shares during the period. Pathstone Holdings LLC boosted its stake in shares of Cullen/Frost Bankers by 45.0% during the 3rd quarter. Pathstone Holdings LLC now owns 19,273 shares of the bank’s stock worth $2,156,000 after buying an additional 5,981 shares during the last quarter. Barclays PLC boosted its stake in shares of Cullen/Frost Bankers by 234.5% during the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank’s stock worth $48,814,000 after buying an additional 305,921 shares during the last quarter. Hancock Whitney Corp acquired a new position in shares of Cullen/Frost Bankers during the 3rd quarter worth about $784,000. Finally, Entropy Technologies LP acquired a new position in shares of Cullen/Frost Bankers during the 4th quarter worth about $389,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Down 1.9 %

Cullen/Frost Bankers stock opened at $126.65 on Tuesday. The stock has a market cap of $8.14 billion, a P/E ratio of 14.28, a P/E/G ratio of 6.46 and a beta of 0.97. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a twelve month low of $94.09 and a twelve month high of $147.64. The company’s 50-day moving average price is $138.14 and its two-hundred day moving average price is $129.76.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. As a group, analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.95 per share. The ex-dividend date is Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 3.00%. Cullen/Frost Bankers’s dividend payout ratio is presently 42.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CFR shares. DA Davidson downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Keefe, Bruyette & Woods increased their price objective on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Evercore ISI increased their price objective on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. Compass Point increased their price objective on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus target price of $132.54.

Insider Transactions at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the transaction, the insider now directly owns 102,946 shares of the company’s stock, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.89% of the company’s stock.

About Cullen/Frost Bankers

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.