Barclays PLC Sells 56,353 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Barclays PLC cut its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 12.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 380,040 shares of the bank's stock after selling 56,353 shares during the period. Barclays PLC owned approximately 0.59% of Cullen/Frost Bankers worth $51,021,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. UMB Bank n.a. boosted its holdings in 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 period. Wilmington Savings Fund Society FSB acquired a new stake in Cullen/Frost Bankers during the third quarter worth approximately $29,000. Blue Trust Inc. grew its position in 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 buying an additional 239 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Cullen/Frost Bankers by 35.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock worth $62,000 after acquiring an additional 120 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Cullen/Frost Bankers in the 4th quarter valued at $106,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of the business'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 value of $1,603,675.00. Following the transaction, the insider now 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on CFR shares. Morgan Stanley reduced their target price on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a report on Thursday, March 13th. 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. Evercore ISI lifted their price objective on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods upped their target price on 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. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $132.57.

Cullen/Frost Bankers Trading Up 2.9 %

Shares of NYSE:CFR traded up $3.30 during midday trading on Wednesday, hitting $116.68. 48,997 shares of the stock were exchanged, compared to its average volume of 466,395. The business's 50-day moving average price is $123.68 and its 200 day moving average price is $131.06. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 6.46 and a beta of 0.82. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64. 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 (NYSE:CFR - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) 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%. Analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.26%. The ex-dividend date was Friday, February 28th. Cullen/Frost Bankers's payout ratio is presently 42.84%.

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.