Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC reduced its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 99.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202 shares of the bank's stock after selling 22,224 shares during the period. Pathway Financial Advisers LLC's holdings in Cullen/Frost Bankers were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Trust Walden Corp acquired a new stake in Cullen/Frost Bankers during the third quarter worth about $107,166,000. Vaughan Nelson Investment Management L.P. acquired a new stake in Cullen/Frost Bankers in the third quarter valued at approximately $54,012,000. The Manufacturers Life Insurance Company grew its holdings in Cullen/Frost Bankers by 117.4% in the third quarter. The Manufacturers Life Insurance Company now owns 568,730 shares of the bank's stock valued at $63,618,000 after purchasing an additional 307,129 shares during the period. Barclays PLC grew its holdings in Cullen/Frost Bankers by 234.5% in the third 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. Finally, Strategic Financial Concepts LLC grew its holdings in Cullen/Frost Bankers by 13,334.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 281,860 shares of the bank's stock valued at $37,840,000 after purchasing an additional 279,762 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Stock Performance

Cullen/Frost Bankers stock traded down $0.25 on Monday, reaching $143.53. 564,412 shares of the stock were exchanged, compared to its average volume of 474,446. The stock has a market cap of $9.20 billion, a PE ratio of 16.18, a PEG ratio of 6.52 and a beta of 0.99. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a twelve month low of $94.09 and a twelve month high of $147.64. The firm has a fifty day moving average price of $137.97 and a two-hundred day moving average price of $126.87.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its earnings results 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 18.81% and a return on equity of 16.04%. Sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.69 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.65%. Cullen/Frost Bankers's payout ratio is 42.84%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CFR shares. Stephens lifted their price objective on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Compass Point lifted their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods lifted their price objective on 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. Evercore ISI boosted their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an "underperform" rating in a research note on Monday, February 10th. Finally, DA Davidson cut Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $138.00 to $143.00 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 given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $132.54.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the company's stock in a transaction that occurred 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 in the company, valued at $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Phillip D. Green sold 14,358 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the completion of the transaction, the chief executive officer now directly owns 94,423 shares in the company, valued at $13,026,597.08. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. 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.