Envestnet Asset Management Inc. Has $35.94 Million Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Envestnet Asset Management Inc. grew its position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 23.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 267,670 shares of the bank's stock after acquiring an additional 50,324 shares during the quarter. Envestnet Asset Management Inc. owned 0.42% of Cullen/Frost Bankers worth $35,935,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC raised its stake in shares of Cullen/Frost Bankers by 9.1% in the 3rd quarter. HighTower Advisors LLC now owns 12,080 shares of the bank's stock valued at $1,351,000 after buying an additional 1,006 shares in the last quarter. Quantinno Capital Management LP acquired a new position in Cullen/Frost Bankers in the third quarter worth about $627,000. Stifel Financial Corp lifted its stake in Cullen/Frost Bankers by 4.1% during the third quarter. Stifel Financial Corp now owns 49,474 shares of the bank's stock worth $5,534,000 after purchasing an additional 1,940 shares during the period. National Bank of Canada FI acquired a new stake in Cullen/Frost Bankers during the third quarter valued at approximately $1,586,000. Finally, Barclays PLC grew its stake in shares of Cullen/Frost Bankers by 234.5% in the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank's stock valued at $48,814,000 after purchasing an additional 305,921 shares during the period. Institutional investors and hedge funds own 86.90% of the company's stock.

Insiders Place Their Bets

In related news, insider Paul Bracher sold 11,500 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 102,946 shares in the company, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.89% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods raised their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a research report on Monday, February 3rd. Evercore ISI upped their target price on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an "underperform" rating in a report on Monday, February 10th. Barclays assumed coverage on shares of Cullen/Frost Bankers in a research report on Tuesday, April 1st. They issued an "equal weight" rating and a $130.00 price target on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Finally, Morgan Stanley reduced their target price on 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 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 stock. According to MarketBeat.com, Cullen/Frost Bankers presently has a consensus rating of "Hold" and a consensus target price of $132.57.

Cullen/Frost Bankers Trading Up 1.7 %

NYSE CFR traded up $1.90 during trading on Tuesday, reaching $111.82. 657,475 shares of the stock traded hands, compared to its average volume of 467,677. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 6.46 and a beta of 0.82. The stock's 50-day moving average price is $126.65 and its 200 day moving average price is $131.00.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings data 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 net margin of 20.44% and a return on equity of 15.95%. Analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid 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 yield of 3.40%. Cullen/Frost Bankers's payout ratio is 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.