Russell Investments Group Ltd. Lowers Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Russell Investments Group Ltd. lowered its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 19.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 134,652 shares of the bank's stock after selling 31,594 shares during the period. Russell Investments Group Ltd. owned about 0.21% of Cullen/Frost Bankers worth $18,077,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Cullen/Frost Bankers by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank's stock worth $855,884,000 after purchasing an additional 66,243 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Cullen/Frost Bankers by 6.4% in the third quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank's stock valued at $122,820,000 after acquiring an additional 66,223 shares in the last quarter. Boston Trust Walden Corp increased its position in Cullen/Frost Bankers by 9.8% during the 4th quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank's stock valued at $141,270,000 after purchasing an additional 94,252 shares during the period. JPMorgan Chase & Co. raised its holdings in Cullen/Frost Bankers by 1.1% in the 4th quarter. JPMorgan Chase & Co. now owns 834,015 shares of the bank's stock worth $111,967,000 after purchasing an additional 9,050 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Cullen/Frost Bankers by 2.0% during the 4th quarter. Principal Financial Group Inc. now owns 822,432 shares of the bank's stock valued at $110,418,000 after purchasing an additional 16,223 shares in the last quarter. Institutional investors own 86.90% of the company's stock.

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Insider Transactions at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of the business'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 transaction of $1,603,675.00. Following the transaction, the insider now owns 102,946 shares of the company's stock, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.89% of the company's stock.

Cullen/Frost Bankers Price Performance

NYSE:CFR traded up $3.12 during trading hours on Tuesday, hitting $113.04. 90,615 shares of the stock traded hands, compared to its average volume of 465,500. The stock has a 50 day moving average price of $127.23 and a 200 day moving average price of $131.13. 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 company has a market cap of $7.27 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 6.46 and a beta of 0.82. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year high of $147.64.

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

Cullen/Frost Bankers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.95 dividend. The ex-dividend date was Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.36%. Cullen/Frost Bankers's payout ratio is currently 42.84%.

Analyst Ratings Changes

Several analysts have weighed in on the company. DA Davidson cut Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $138.00 to $143.00 in a research report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target 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. Royal Bank of Canada reiterated a "sector perform" rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Evercore ISI raised their target price 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, Barclays began coverage on 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. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $132.57.

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.