SG Americas Securities LLC Sells 2,348 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

SG Americas Securities LLC reduced its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 64.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,307 shares of the bank's stock after selling 2,348 shares during the period. SG Americas Securities LLC's holdings in Cullen/Frost Bankers were worth $175,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its holdings in Cullen/Frost Bankers by 169.9% during the 3rd quarter. Covestor Ltd now owns 224 shares of the bank's stock worth $25,000 after buying an additional 141 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Cullen/Frost Bankers during the third quarter worth about $29,000. Asset Dedication LLC grew its holdings in Cullen/Frost Bankers by 63.3% during the third quarter. Asset Dedication LLC now owns 271 shares of the bank's stock valued at $30,000 after purchasing an additional 105 shares during the period. UMB Bank n.a. increased its stake in Cullen/Frost Bankers by 45.8% in the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank's stock valued at $33,000 after purchasing an additional 77 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Cullen/Frost Bankers in the 3rd quarter valued at $44,000. 86.90% of the stock is owned by institutional investors.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, CEO Phillip D. Green sold 14,358 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total transaction of $1,980,829.68. Following the transaction, the chief executive officer now owns 94,423 shares in the company, valued at $13,026,597.08. This represents a 13.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $139.45, for a total transaction 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 approximately $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.89% of the stock is owned by company insiders.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock traded up $2.32 on Thursday, reaching $143.76. The stock had a trading volume of 450,971 shares, compared to its average volume of 455,092. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 6.52 and a beta of 0.99. The firm's 50-day moving average is $137.63 and its two-hundred day moving average is $126.24. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 16.04% and a net margin of 18.81%. On average, research analysts expect that Cullen/Frost Bankers, Inc. will post 8.69 EPS for the current fiscal 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 paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Friday, February 28th. Cullen/Frost Bankers's dividend payout ratio is presently 42.84%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CFR. Citigroup raised their price objective on Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a "sell" rating in a research note on Monday, November 4th. Evercore ISI boosted their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a research report on Monday. Stephens raised their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Maxim Group raised their price objective on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, DA Davidson cut shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $138.00 to $143.00 in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $132.54.

About Cullen/Frost Bankers

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.