Bessemer Group Inc. Sells 3,065 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Bessemer Group Inc. cut its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,115 shares of the bank's stock after selling 3,065 shares during the quarter. Bessemer Group Inc. owned approximately 0.07% of Cullen/Frost Bankers worth $5,654,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CFR. UMB Bank n.a. lifted 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 acquiring an additional 77 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Cullen/Frost Bankers in the 3rd quarter worth approximately $29,000. Blue Trust Inc. lifted its position in Cullen/Frost Bankers by 239.0% in the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank's stock valued at $46,000 after purchasing an additional 239 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Cullen/Frost Bankers by 35.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock valued at $62,000 after purchasing an additional 120 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Cullen/Frost Bankers in the fourth quarter worth approximately $106,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CFR has been the subject of several analyst reports. Royal Bank of Canada reissued a "sector perform" rating and set a $144.00 price target on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Evercore ISI increased their target price on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. Barclays initiated coverage on Cullen/Frost Bankers in a report on Tuesday, April 1st. They set an "equal weight" rating and a $130.00 price target on the stock. Keefe, Bruyette & Woods increased their price objective 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. Finally, DA Davidson cut Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and boosted their target price for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $132.57.

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Cullen/Frost Bankers Stock Up 1.7 %

Shares of CFR stock traded up $1.90 during mid-day trading on Tuesday, reaching $111.82. 657,475 shares of the company's stock traded hands, compared to its average volume of 468,142. The company's 50-day moving average price is $126.65 and its 200-day moving average price is $131.00. The company has a market cap of $7.19 billion, a P/E ratio of 12.61, a P/E/G ratio of 6.46 and a beta of 0.82. 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 12 month low of $94.09 and a 12 month high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping 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%. On average, equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Friday, February 28th. Cullen/Frost Bankers's payout ratio is 42.84%.

Insider Activity at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 102,946 shares of the company's stock, valued at $14,355,819.70. This trade represents a 10.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.89% of the stock is owned by insiders.

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.