Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 513,433 shares of the bank's stock after selling 20,056 shares during the period. Sei Investments Co. owned 0.80% of Cullen/Frost Bankers worth $68,928,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Cullen/Frost Bankers during the third quarter worth $29,000. UMB Bank n.a. increased its position in shares of Cullen/Frost Bankers by 45.8% during the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank's stock worth $33,000 after acquiring an additional 77 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Cullen/Frost Bankers in the third quarter worth about $44,000. Blue Trust Inc. grew its stake in Cullen/Frost Bankers by 239.0% during the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank's stock valued at $46,000 after purchasing an additional 239 shares in the last quarter. Finally, Quarry LP grew its stake in Cullen/Frost Bankers by 134.2% during the 3rd quarter. Quarry LP now owns 541 shares of the bank's stock valued at $61,000 after purchasing an additional 310 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CFR shares. DA Davidson cut Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and increased their target price for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Evercore ISI upped their price objective 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. Compass Point lifted their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods upped their price target 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. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $132.77.

Remove Ads

Cullen/Frost Bankers Stock Performance

NYSE CFR traded down $0.56 on Tuesday, hitting $125.42. The stock had a trading volume of 231,882 shares, compared to its average volume of 433,520. The company's 50-day moving average is $135.70 and its two-hundred day moving average is $130.68. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 6.46 and a beta of 0.97. 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 one year low of $94.09 and a one year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) 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, analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.95 per share. 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 3.03%. Cullen/Frost Bankers's dividend payout ratio (DPR) is 42.84%.

Insider Transactions at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of the business's 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 sale, the insider now owns 102,946 shares of the company's stock, valued at approximately $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 accessible through this link. Company 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.