Boston Trust Walden Corp Grows Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Boston Trust Walden Corp grew its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 9.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,052,290 shares of the bank's stock after acquiring an additional 94,252 shares during the period. Cullen/Frost Bankers comprises 1.0% of Boston Trust Walden Corp's investment portfolio, making the stock its 16th biggest holding. Boston Trust Walden Corp owned approximately 1.64% of Cullen/Frost Bankers worth $141,270,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Ballentine Partners LLC raised its stake in shares of Cullen/Frost Bankers by 3.7% in the 4th quarter. Ballentine Partners LLC now owns 2,164 shares of the bank's stock valued at $291,000 after acquiring an additional 77 shares during the period. UMB Bank n.a. raised its stake in shares of Cullen/Frost Bankers by 45.8% in the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank's stock valued at $33,000 after acquiring an additional 77 shares during the period. Keene & Associates Inc. raised its stake in shares of Cullen/Frost Bankers by 1.7% in the 3rd quarter. Keene & Associates Inc. now owns 5,240 shares of the bank's stock valued at $586,000 after acquiring an additional 89 shares during the period. Asset Dedication LLC raised its stake in shares of Cullen/Frost Bankers by 63.3% in the 3rd quarter. Asset Dedication LLC now owns 271 shares of the bank's stock valued at $30,000 after acquiring an additional 105 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Cullen/Frost Bankers by 18.5% in the 3rd quarter. GAMMA Investing LLC now owns 678 shares of the bank's stock valued at $76,000 after acquiring an additional 106 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the insider now owns 102,946 shares in the company, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Howard L. Kasanoff sold 4,000 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $138.34, for a total transaction of $553,360.00. Following the completion of the sale, the executive vice president now owns 2,888 shares of the company's stock, valued at approximately $399,525.92. This trade represents a 58.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,858 shares of company stock worth $4,137,865. 2.89% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Maxim Group boosted their price target 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. Citigroup lifted their price objective on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a "sell" rating in a report on Monday, November 4th. DA Davidson cut shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $138.00 to $143.00 in a report on Monday. Compass Point lifted their price objective 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. Finally, Keefe, Bruyette & Woods lifted 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 report on Monday. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Cullen/Frost Bankers currently has an average rating of "Hold" and an average price target of $130.31.

Cullen/Frost Bankers Stock Up 0.5 %

NYSE CFR traded up $0.74 on Thursday, hitting $141.03. 226,155 shares of the stock were exchanged, compared to its average volume of 456,123. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64. The company has a market cap of $9.04 billion, a PE ratio of 15.90, a PEG ratio of 1.69 and a beta of 0.99. The company has a 50-day moving average price of $137.57 and a 200-day moving average price of $125.49.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly 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%. Sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.66 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given 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 2.69%. Cullen/Frost Bankers's dividend payout ratio is presently 42.84%.

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.