Invesco Ltd. Cuts Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Invesco Ltd. lessened its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 16.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 285,770 shares of the bank's stock after selling 55,877 shares during the quarter. Invesco Ltd. owned approximately 0.45% of Cullen/Frost Bankers worth $38,365,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Barclays PLC grew its position in Cullen/Frost Bankers by 234.5% in 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. Geode Capital Management LLC raised its position in Cullen/Frost Bankers by 6.4% in 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. M&T Bank Corp raised its holdings in Cullen/Frost Bankers by 1.0% in the third quarter. M&T Bank Corp now owns 121,003 shares of the bank's stock valued at $13,535,000 after acquiring an additional 1,228 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Cullen/Frost Bankers by 17.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 24,170 shares of the bank's stock worth $2,704,000 after purchasing an additional 3,638 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Cullen/Frost Bankers during the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 86.90% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CFR. Keefe, Bruyette & Woods upped their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a report on Monday, February 3rd. DA Davidson lowered Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and boosted their target price for the company from $138.00 to $143.00 in a report on Monday, February 3rd. Barclays started coverage on shares of Cullen/Frost Bankers in a report on Tuesday, April 1st. They set an "equal weight" rating and a $130.00 price target for the company. Evercore ISI raised 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, Royal Bank of Canada reissued a "sector perform" rating and set a $144.00 price target on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers presently has an average rating of "Hold" and a consensus target price of $132.57.

Insiders Place Their Bets

In other news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers 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 owns 102,946 shares of the company's stock, valued at $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.89% of the company's stock.

Cullen/Frost Bankers Price Performance

Shares of CFR traded up $2.88 during trading hours on Tuesday, reaching $113.53. 316,164 shares of the company traded hands, compared to its average volume of 468,048. The stock has a market capitalization of $7.30 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 6.46 and a beta of 0.82. The stock has a fifty day simple moving average of $123.68 and a 200 day simple moving average of $131.06. 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.

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

Cullen/Frost Bankers Dividend Announcement

The firm 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 annualized dividend and a yield of 3.35%. 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.