Whittier Trust Co. of Nevada Inc. Has $4.44 Million Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Whittier Trust Co. of Nevada Inc. raised its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 5.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 33,100 shares of the bank’s stock after buying an additional 1,707 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Cullen/Frost Bankers were worth $4,444,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. boosted its holdings in Cullen/Frost Bankers by 4.8% in the fourth quarter. Whittier Trust Co. now owns 62,649 shares of the bank’s stock valued at $8,410,000 after acquiring an additional 2,881 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Cullen/Frost Bankers by 44.2% in the 4th quarter. Teacher Retirement System of Texas now owns 13,196 shares of the bank’s stock valued at $1,772,000 after purchasing an additional 4,044 shares during the last quarter. Xponance Inc. boosted its stake in shares of Cullen/Frost Bankers by 6.0% in the 4th quarter. Xponance Inc. now owns 7,094 shares of the bank’s stock valued at $952,000 after purchasing an additional 399 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of Cullen/Frost Bankers by 36.0% during the 4th quarter. Corient Private Wealth LLC now owns 14,729 shares of the bank’s stock worth $1,978,000 after buying an additional 3,898 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Cullen/Frost Bankers by 42.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,090 shares of the bank’s stock worth $549,000 after buying an additional 1,222 shares during the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CFR has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Morgan Stanley decreased their price objective on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a research note on Thursday, March 13th. Royal Bank of Canada reissued a “sector perform” rating and issued a $144.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Compass Point boosted their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, DA Davidson downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and increased their price target for the company from $138.00 to $143.00 in a research report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of “Hold” and an average price target of $132.77.

Cullen/Frost Bankers Price Performance

Shares of NYSE CFR opened at $122.55 on Friday. The company has a fifty day moving average price of $135.87 and a 200 day moving average price of $130.31. Cullen/Frost Bankers, Inc. has a 1-year low of $94.09 and a 1-year high of $147.64. The firm has a market cap of $7.87 billion, a PE ratio of 13.82, a PEG ratio of 6.46 and a beta of 0.97. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. Research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Friday, February 28th. Cullen/Frost Bankers’s dividend payout ratio is presently 42.84%.

Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction on Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the sale, the insider now directly owns 102,946 shares in the company, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.89% of the stock is currently owned by insiders.

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.