Atria Investments Inc Raises Stake in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Atria Investments Inc grew its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 18.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,224 shares of the bank's stock after buying an additional 3,160 shares during the period. Atria Investments Inc's holdings in Cullen/Frost Bankers were worth $2,715,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Covestor Ltd increased its position in Cullen/Frost Bankers by 169.9% in the 3rd quarter. Covestor Ltd now owns 224 shares of the bank's stock valued at $25,000 after acquiring an additional 141 shares during the period. UMB Bank n.a. grew its stake in shares of Cullen/Frost Bankers by 45.8% in the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank's stock valued at $33,000 after purchasing an additional 77 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Cullen/Frost Bankers in the third quarter valued at approximately $29,000. Blue Trust Inc. raised its stake in shares of Cullen/Frost Bankers by 239.0% during the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank's stock worth $46,000 after purchasing an additional 239 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Cullen/Frost Bankers during the third quarter worth $44,000. Institutional investors and hedge funds own 86.90% of the company's stock.

Cullen/Frost Bankers Trading Up 1.2 %

Shares of NYSE:CFR traded up $1.45 during trading on Wednesday, reaching $123.29. The stock had a trading volume of 312,034 shares, compared to its average volume of 425,433. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. The stock has a market cap of $7.92 billion, a P/E ratio of 13.90, a PEG ratio of 6.46 and a beta of 0.97. The business has a fifty day moving average price of $137.74 and a 200-day moving average price of $129.95. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64.

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Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued 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 return on equity of 15.95% and a net margin of 20.44%. As a group, analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.95 per share. The ex-dividend date is Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 3.08%. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 42.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CFR shares. Keefe, Bruyette & Woods upped 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 report on Monday, February 3rd. Compass Point increased their price target on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Evercore ISI boosted their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an "underperform" rating in a research report on Monday, February 10th. Finally, DA Davidson cut Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and raised their price target for the company from $138.00 to $143.00 in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $132.54.

Insiders Place Their Bets

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 transaction, the insider now owns 102,946 shares in the company, valued at $14,355,819.70. This trade represents a 10.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.89% of the stock is owned by corporate 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.