Choreo LLC Has $946,000 Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Choreo LLC grew its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 192.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,026 shares of the bank's stock after buying an additional 4,626 shares during the period. Choreo LLC's holdings in Cullen/Frost Bankers were worth $946,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CFR. GAMMA Investing LLC boosted its holdings in shares of Cullen/Frost Bankers by 18.5% during the third quarter. GAMMA Investing LLC now owns 678 shares of the bank's stock worth $76,000 after acquiring an additional 106 shares during the period. CWM LLC boosted its stake in Cullen/Frost Bankers by 767.4% in the 3rd quarter. CWM LLC now owns 3,383 shares of the bank's stock valued at $378,000 after purchasing an additional 2,993 shares during the period. Procyon Advisors LLC grew its holdings in Cullen/Frost Bankers by 8.9% in the 3rd quarter. Procyon Advisors LLC now owns 2,212 shares of the bank's stock valued at $247,000 after buying an additional 180 shares in the last quarter. Washington Capital Management Inc. bought a new position in Cullen/Frost Bankers during the 3rd quarter worth $548,000. Finally, Asset Dedication LLC increased its position in Cullen/Frost Bankers by 63.3% during the 3rd quarter. Asset Dedication LLC now owns 271 shares of the bank's stock worth $30,000 after buying an additional 105 shares during the period. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Price Performance

Shares of NYSE:CFR traded up $2.32 during trading on Thursday, hitting $143.76. 450,971 shares of the company were exchanged, compared to its average volume of 455,092. Cullen/Frost Bankers, Inc. has a 1-year low of $94.09 and a 1-year high of $147.64. The company has a market capitalization of $9.22 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 6.52 and a beta of 0.99. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06. The business's 50 day moving average is $137.63 and its 200-day moving average is $126.24.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its earnings results 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 16.04% and a net margin of 18.81%. Equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.69 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.95 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a yield of 2.64%. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 42.84%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citigroup upped their price target on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a "sell" rating in a research note on Monday, November 4th. DA Davidson cut shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and raised their target price for the stock from $138.00 to $143.00 in a report on Monday, February 3rd. Stephens boosted their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Royal Bank of Canada restated a "sector perform" rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Finally, Maxim Group lifted their price objective on Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a "buy" rating in a report on Friday, November 1st. Four equities 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's stock. Based on data from MarketBeat, Cullen/Frost Bankers has a consensus rating of "Hold" and an average price target of $132.54.

Insider Buying and Selling

In related news, CEO Phillip D. Green sold 14,358 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total transaction of $1,980,829.68. Following the completion of the transaction, the chief executive officer now directly owns 94,423 shares of the company's stock, valued at $13,026,597.08. This trade represents a 13.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul Bracher sold 11,500 shares of the company's stock in a transaction dated 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 completion of the sale, 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 disclosure for this sale can be found here. 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.