Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC raised its position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 36.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,729 shares of the bank's stock after purchasing an additional 3,898 shares during the period. Corient Private Wealth LLC's holdings in Cullen/Frost Bankers were worth $1,978,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Cullen/Frost Bankers by 42.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,090 shares of the bank's stock worth $549,000 after purchasing an additional 1,222 shares during the last quarter. Natixis Advisors LLC boosted its position in Cullen/Frost Bankers by 23.7% during the 4th quarter. Natixis Advisors LLC now owns 276,550 shares of the bank's stock worth $37,127,000 after purchasing an additional 52,895 shares during the period. Madison Investment Advisors LLC acquired a new stake in shares of Cullen/Frost Bankers in the fourth quarter valued at about $46,223,000. Commonwealth Equity Services LLC raised its stake in shares of Cullen/Frost Bankers by 2.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 62,413 shares of the bank's stock valued at $8,379,000 after purchasing an additional 1,233 shares during the period. Finally, Swiss National Bank lifted its holdings in Cullen/Frost Bankers by 0.3% in the 4th quarter. Swiss National Bank now owns 119,600 shares of the bank's stock worth $16,056,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.

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Cullen/Frost Bankers Stock Performance

Shares of NYSE:CFR traded down $0.68 during midday trading on Tuesday, hitting $125.30. The company had a trading volume of 441,823 shares, compared to its average volume of 433,520. The company has a fifty day moving average of $135.43 and a two-hundred day moving average of $130.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $8.05 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 6.46 and a beta of 0.97. 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 announced its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Friday, February 28th. Cullen/Frost Bankers's dividend payout ratio is currently 42.84%.

Insider Activity at Cullen/Frost Bankers

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

Analyst Ratings Changes

A number of research analysts have commented 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 boosted their price target for the company from $138.00 to $143.00 in a report on Monday, February 3rd. Compass Point raised 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 report on Tuesday, December 10th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods upped their price target 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. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of "Hold" and an average price target of $132.77.

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.