Bank of New York Mellon Corp Grows Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Bank of New York Mellon Corp lifted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 611,722 shares of the bank's stock after buying an additional 14,422 shares during the period. Bank of New York Mellon Corp owned about 0.95% of Cullen/Frost Bankers worth $82,124,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Champlain Investment Partners LLC boosted its holdings in shares of Cullen/Frost Bankers by 7.7% during the third quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank's stock worth $381,897,000 after acquiring an additional 244,445 shares during the period. Montrusco Bolton Investments Inc. lifted its holdings in shares of Cullen/Frost Bankers by 10.2% during the third quarter. Montrusco Bolton Investments Inc. now owns 1,209,122 shares of the bank's stock worth $135,252,000 after buying an additional 111,719 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Cullen/Frost Bankers by 6.4% in the third quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank's stock valued at $122,820,000 after acquiring an additional 66,223 shares in the last quarter. Boston Trust Walden Corp increased its position in Cullen/Frost Bankers by 9.8% during the fourth quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank's stock worth $141,270,000 after acquiring an additional 94,252 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Cullen/Frost Bankers by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 822,432 shares of the bank's stock worth $110,418,000 after purchasing an additional 16,223 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company's stock.

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Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the firm's 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.89% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Cullen/Frost Bankers Trading Down 1.4 %

Shares of CFR stock traded down $1.86 during trading hours on Thursday, hitting $127.43. 109,675 shares of the company were exchanged, compared to its average volume of 432,702. The company has a 50 day simple moving average of $138.44 and a two-hundred day simple moving average of $129.34. The firm has a market cap of $8.19 billion, a P/E ratio of 14.37, a P/E/G ratio of 6.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released 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 net margin of 20.44% and a return on equity of 15.95%. Equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Friday, February 28th. Cullen/Frost Bankers's payout ratio is 42.84%.

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.