Mitsubishi UFJ Trust & Banking Corp Has $667,000 Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 45.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,971 shares of the bank's stock after selling 4,079 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Cullen/Frost Bankers were worth $667,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Madison Investment Advisors LLC acquired a new stake in shares of Cullen/Frost Bankers during the 4th quarter valued at approximately $46,223,000. Barclays PLC increased its stake in Cullen/Frost Bankers by 234.5% during the third quarter. Barclays PLC now owns 436,393 shares of the bank's stock valued at $48,814,000 after purchasing an additional 305,921 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Cullen/Frost Bankers by 13,334.7% during the fourth quarter. Strategic Financial Concepts LLC now owns 281,860 shares of the bank's stock worth $37,840,000 after purchasing an additional 279,762 shares during the period. Raymond James Financial Inc. bought a new position in shares of Cullen/Frost Bankers in the 4th quarter worth about $21,181,000. Finally, Impax Asset Management Group plc acquired a new position in shares of Cullen/Frost Bankers in the 4th quarter valued at about $15,439,000. Institutional investors own 86.90% of the company's stock.

Cullen/Frost Bankers Stock Down 4.5 %

Shares of CFR traded down $5.03 during mid-day trading on Friday, reaching $106.68. The company's stock had a trading volume of 1,226,018 shares, compared to its average volume of 459,167. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 6.46 and a beta of 0.82. The business has a fifty day moving average of $132.13 and a 200 day moving average of $131.48. 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 1 year low of $94.09 and a 1 year high of $147.64.

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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 for the quarter, beating analysts' consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. As a group, analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.95 dividend. The ex-dividend date was Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a yield of 3.56%. Cullen/Frost Bankers's dividend payout ratio is currently 42.84%.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the business's stock in a transaction dated Friday, January 31st. The stock was 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 of the company's stock, valued at $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on CFR shares. Evercore ISI raised 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. Morgan Stanley cut their price target 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 downgraded Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Keefe, Bruyette & Woods raised their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a research note on Monday, February 3rd. Finally, Compass Point boosted their price target on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Four research 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. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $132.57.

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.