Sei Investments Co. Decreases Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Sei Investments Co. lessened its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 513,433 shares of the bank's stock after selling 20,056 shares during the period. Sei Investments Co. owned approximately 0.80% of Cullen/Frost Bankers worth $68,928,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in Cullen/Frost Bankers by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank's stock valued at $122,820,000 after purchasing an additional 66,223 shares in the last quarter. Boston Trust Walden Corp lifted its stake in shares of Cullen/Frost Bankers by 9.8% during the fourth quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank's stock worth $141,270,000 after buying an additional 94,252 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Cullen/Frost Bankers by 2.0% during the fourth quarter. Principal Financial Group Inc. now owns 822,432 shares of the bank's stock worth $110,418,000 after buying an additional 16,223 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Cullen/Frost Bankers by 2.4% during the fourth quarter. Bank of New York Mellon Corp now owns 611,722 shares of the bank's stock valued at $82,124,000 after buying an additional 14,422 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Cullen/Frost Bankers by 23.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 596,617 shares of the bank's stock valued at $80,096,000 after acquiring an additional 113,757 shares during the period. Institutional investors and hedge funds own 86.90% of the company's stock.

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Insider Transactions at Cullen/Frost Bankers

In related news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction on 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 owns 102,946 shares of the company's stock, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.89% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. DA Davidson downgraded Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and boosted their price target for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Keefe, Bruyette & Woods upped 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. Compass Point increased their price target on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Evercore ISI lifted 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, February 10th. Finally, Morgan Stanley dropped their price objective on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a report on Thursday, March 13th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $132.77.

Cullen/Frost Bankers Stock Performance

CFR stock traded down $1.35 during midday trading on Thursday, hitting $123.76. 231,657 shares of the stock traded hands, compared to its average volume of 433,554. The stock's fifty day simple moving average is $135.12 and its 200-day simple moving average is $130.77. The firm has a market cap of $7.95 billion, a P/E ratio of 13.95, a PEG ratio of 6.46 and a beta of 0.97. Cullen/Frost Bankers, Inc. has a 1-year low of $94.09 and a 1-year high of $147.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Friday, February 28th. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 42.84%.

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.