Natixis Advisors LLC Buys 52,895 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Natixis Advisors LLC increased its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 23.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 276,550 shares of the bank's stock after purchasing an additional 52,895 shares during the period. Natixis Advisors LLC owned approximately 0.43% of Cullen/Frost Bankers worth $37,127,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Champlain Investment Partners LLC grew its position in Cullen/Frost Bankers by 7.7% in the third quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank's stock valued at $381,897,000 after acquiring an additional 244,445 shares during the last quarter. Montrusco Bolton Investments Inc. grew its position in Cullen/Frost Bankers by 10.2% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,209,122 shares of the bank's stock valued at $135,252,000 after acquiring an additional 111,719 shares during the last quarter. Geode Capital Management LLC grew its position in Cullen/Frost Bankers by 6.4% in the third quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank's stock valued at $122,820,000 after acquiring an additional 66,223 shares during the last quarter. Boston Trust Walden Corp grew its position in Cullen/Frost Bankers by 9.8% in the fourth quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank's stock valued at $141,270,000 after acquiring an additional 94,252 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Cullen/Frost Bankers by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 822,432 shares of the bank's stock valued at $110,418,000 after acquiring an additional 16,223 shares during the last quarter. Institutional investors own 86.90% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their target price on 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. Evercore ISI lifted their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. DA Davidson lowered Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and lifted their price target for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. 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 research note on Thursday, March 13th. Finally, Compass Point lifted their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. 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 company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $132.77.

Insiders Place Their Bets

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 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 in the company, valued at $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.89% of the stock is currently owned by corporate insiders.

Cullen/Frost Bankers Trading Down 1.1 %

CFR stock traded down $1.34 during mid-day trading on Thursday, reaching $122.68. The company's stock had a trading volume of 381,467 shares, compared to its average volume of 427,203. The company has a market cap of $7.88 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 6.46 and a beta of 0.97. The business's 50 day moving average price is $136.34 and its 200 day moving average price is $130.29. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. 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 issued its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, topping 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%. On average, equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.95 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a yield of 3.10%. Cullen/Frost Bankers's payout ratio is currently 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.