Alliancebernstein L.P. Trims Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Alliancebernstein L.P. reduced its position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 7.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 80,474 shares of the bank's stock after selling 6,249 shares during the quarter. Alliancebernstein L.P. owned about 0.13% of Cullen/Frost Bankers worth $10,804,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Cullen/Frost Bankers during the fourth quarter worth about $69,591,000. Madison Investment Advisors LLC acquired a new stake in shares of Cullen/Frost Bankers in the 4th quarter valued at approximately $46,223,000. Barclays PLC grew its holdings in Cullen/Frost Bankers by 234.5% during the third quarter. Barclays PLC now owns 436,393 shares of the bank's stock worth $48,814,000 after acquiring an additional 305,921 shares during the period. Strategic Financial Concepts LLC grew its holdings in 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 acquiring an additional 279,762 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Cullen/Frost Bankers in the fourth quarter valued at $21,181,000. Hedge funds and other institutional investors own 86.90% of the company's stock.

Analyst Ratings Changes

CFR has been the subject of a number of research analyst reports. Barclays assumed coverage on shares of Cullen/Frost Bankers in a report on Tuesday, April 1st. They issued an "equal weight" rating and a $130.00 price target for the company. DA Davidson lowered Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Evercore ISI upped their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods lifted their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $132.57.

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Insider Activity

In related news, insider Paul Bracher sold 11,500 shares of the stock in a transaction on 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 directly owns 102,946 shares in the company, valued at approximately $14,355,819.70. This represents a 10.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.89% of the company's stock.

Cullen/Frost Bankers Trading Up 2.8 %

Shares of Cullen/Frost Bankers stock traded up $3.13 during trading hours on Tuesday, reaching $113.05. 67,398 shares of the company's stock were exchanged, compared to its average volume of 465,361. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 6.46 and a beta of 0.82. 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 52-week low of $94.09 and a 52-week high of $147.64. The company has a fifty day moving average of $127.23 and a 200-day moving average of $131.13.

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, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. Sell-side analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared 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 dividend yield of 3.36%. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 42.84%.

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.