Thrivent Financial for Lutherans Sells 4,038 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Thrivent Financial for Lutherans lessened its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 12.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,551 shares of the bank's stock after selling 4,038 shares during the period. Thrivent Financial for Lutherans' holdings in Cullen/Frost Bankers were worth $3,699,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CFR. Arizona State Retirement System raised its position in Cullen/Frost Bankers by 0.4% in the fourth quarter. Arizona State Retirement System now owns 17,651 shares of the bank's stock worth $2,370,000 after acquiring an additional 74 shares during the period. Ballentine Partners LLC increased its stake in shares of Cullen/Frost Bankers by 3.7% in the 4th quarter. Ballentine Partners LLC now owns 2,164 shares of the bank's stock worth $291,000 after purchasing an additional 77 shares in the last quarter. UMB Bank n.a. raised its holdings in Cullen/Frost Bankers by 45.8% in the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank's stock worth $33,000 after purchasing an additional 77 shares during the period. Strategic Financial Concepts LLC lifted its position in Cullen/Frost Bankers by 4.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank's stock valued at $294,000 after purchasing an additional 89 shares in the last quarter. Finally, First Dallas Securities Inc. grew its holdings in Cullen/Frost Bankers by 2.5% during the fourth quarter. First Dallas Securities Inc. now owns 4,028 shares of the bank's stock valued at $541,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 86.90% of the company's stock.

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Insider Buying and Selling

In related news, insider Paul Bracher sold 11,500 shares of the firm's 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 directly owns 102,946 shares in the company, valued at $14,355,819.70. This trade represents a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.89% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on CFR shares. DA Davidson lowered shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and upped their price target for the stock from $138.00 to $143.00 in a research report on Monday, February 3rd. Morgan Stanley dropped their target price on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a report on Thursday, March 13th. Compass Point raised their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods upped their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $144.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers has an average rating of "Hold" and a consensus price target of $132.77.

Cullen/Frost Bankers Price Performance

Shares of CFR traded up $0.69 during mid-day trading on Friday, hitting $124.42. 478,279 shares of the stock were exchanged, compared to its average volume of 451,852. The firm has a 50-day moving average of $134.41 and a two-hundred day moving average of $131.00. Cullen/Frost Bankers, Inc. has a 52-week low of $94.09 and a 52-week high of $147.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market cap of $8.00 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 6.46 and a beta of 0.97.

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, 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%. On average, equities analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.95 dividend. The ex-dividend date was Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 3.05%. Cullen/Frost Bankers's dividend payout ratio is currently 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.