Cullen Frost Bankers Inc. Sells 2,749 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Cullen Frost Bankers Inc. cut its position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,704 shares of the bank's stock after selling 2,749 shares during the quarter. Cullen Frost Bankers Inc. owned about 0.07% of Cullen/Frost Bankers worth $5,599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System raised its holdings in shares of Cullen/Frost Bankers by 0.4% during the fourth quarter. Arizona State Retirement System now owns 17,651 shares of the bank's stock valued at $2,370,000 after buying an additional 74 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Cullen/Frost Bankers in the 4th quarter valued at approximately $5,101,000. Atria Investments Inc raised its stake in Cullen/Frost Bankers by 18.5% during the 4th quarter. Atria Investments Inc now owns 20,224 shares of the bank's stock valued at $2,715,000 after acquiring an additional 3,160 shares in the last quarter. Glass Wealth Management Co LLC raised its stake in shares of Cullen/Frost Bankers by 0.5% during the fourth quarter. Glass Wealth Management Co LLC now owns 35,394 shares of the bank's stock valued at $4,752,000 after purchasing an additional 170 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Cullen/Frost Bankers during the 4th quarter worth about $106,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Down 1.9 %

NYSE:CFR traded down $2.49 during mid-day trading on Monday, reaching $126.65. The stock had a trading volume of 638,208 shares, compared to its average volume of 441,909. The stock has a market cap of $8.14 billion, a P/E ratio of 14.28, a PEG ratio of 6.46 and a beta of 0.97. The business's 50 day moving average is $138.14 and its 200 day moving average is $129.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick 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.

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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 for the quarter, beating 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%. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.95 per share. The ex-dividend date is Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 3.00%. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 42.84%.

Insider Activity

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the company's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the completion of the sale, the insider now owns 102,946 shares of the company's stock, valued at $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CFR. Royal Bank of Canada reiterated 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. Evercore ISI boosted their price objective 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. DA Davidson cut 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 research note on Monday, February 3rd. Compass Point lifted their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $132.54.

Cullen/Frost Bankers Company 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.