Edgestream Partners L.P. Acquires Shares of 11,323 Cullen/Frost Bankers, Inc. (NYSE:CFR)

Edgestream Partners L.P. purchased a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,323 shares of the bank's stock, valued at approximately $1,520,000.

Several other large investors have also added to or reduced their stakes in the business. Arizona State Retirement System lifted its position in Cullen/Frost Bankers by 0.4% in the 4th quarter. Arizona State Retirement System now owns 17,651 shares of the bank's stock valued at $2,370,000 after acquiring an additional 74 shares in the last quarter. Ballentine Partners LLC lifted its position in 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 in the last quarter. UMB Bank n.a. lifted its position in 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 in the last quarter. Strategic Financial Concepts LLC lifted its position in Cullen/Frost Bankers by 4.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank's stock valued at $294,000 after acquiring an additional 89 shares in the last quarter. Finally, First Dallas Securities Inc. lifted its position in Cullen/Frost Bankers by 2.5% in the 4th quarter. First Dallas Securities Inc. now owns 4,028 shares of the bank's stock valued at $541,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 86.90% of the company's stock.

Analyst Ratings Changes

CFR has been the topic of several recent research reports. Evercore ISI raised their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. Compass Point increased their price objective on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Morgan Stanley decreased their price objective on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a research note on Thursday. DA Davidson lowered shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and increased their price objective for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods increased 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 research note on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $132.77.

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Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the firm's 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 completion of the transaction, the insider now directly owns 102,946 shares of the company's stock, valued at $14,355,819.70. This trade represents a 10.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.89% of the company's stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock traded up $2.77 during trading hours on Friday, hitting $122.64. 687,297 shares of the company were exchanged, compared to its average volume of 427,888. The firm has a fifty day simple moving average of $137.26 and a 200 day simple moving average of $129.83. 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 stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 6.46 and a beta of 0.97.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, beating analysts' consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. Research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, February 28th. Cullen/Frost Bankers's payout ratio is 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.