WCM Investment Management LLC Grows Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

WCM Investment Management LLC lifted its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 145.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,356 shares of the bank's stock after buying an additional 29,277 shares during the quarter. WCM Investment Management LLC owned about 0.08% of Cullen/Frost Bankers worth $6,647,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Entropy Technologies LP acquired a new position in shares of Cullen/Frost Bankers in the 4th quarter valued at $389,000. Strategic Financial Concepts LLC increased its holdings in shares of Cullen/Frost Bankers by 13,334.7% in the 4th quarter. Strategic Financial Concepts LLC now owns 281,860 shares of the bank's stock valued at $37,840,000 after acquiring an additional 279,762 shares during the period. Choreo LLC increased its holdings in shares of Cullen/Frost Bankers by 192.8% in the 4th quarter. Choreo LLC now owns 7,026 shares of the bank's stock valued at $946,000 after acquiring an additional 4,626 shares during the period. First Dallas Securities Inc. increased its holdings in shares of Cullen/Frost Bankers by 2.5% in the 4th quarter. First Dallas Securities Inc. now owns 4,028 shares of the bank's stock valued at $541,000 after acquiring an additional 100 shares during the period. Finally, Trust Point Inc. acquired a new position in shares of Cullen/Frost Bankers in the 4th quarter valued at $576,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CFR has been the topic of a number of recent research reports. Stephens lifted their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. Citigroup boosted their price objective 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. Maxim Group boosted their price objective on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a "buy" rating in a research note on Friday, November 1st. DA Davidson cut shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Finally, Evercore ISI boosted their price objective on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a research note on Monday. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. 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 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. The company has a market cap of $9.22 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 6.52 and a beta of 0.99. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year high of $147.64. The firm's fifty day moving average price is $137.63 and its 200 day moving average price is $126.24. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued 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 net margin of 18.81% and a return on equity of 16.04%. On average, sell-side analysts expect that Cullen/Frost Bankers, Inc. will post 8.69 earnings per share for the current fiscal 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 given a $0.95 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 2.64%. Cullen/Frost Bankers's dividend payout ratio is presently 42.84%.

Insider Buying and Selling

In related 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 value of $1,603,675.00. Following the sale, the insider now directly owns 102,946 shares in the company, valued at $14,355,819.70. The trade was a 10.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Phillip D. Green sold 14,358 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now owns 94,423 shares in the company, valued at $13,026,597.08. This represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.89% of the company's stock.

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.