WealthPlan Investment Management LLC Raises Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

WealthPlan Investment Management LLC boosted its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,489 shares of the bank's stock after buying an additional 1,762 shares during the period. WealthPlan Investment Management LLC owned approximately 0.09% of Cullen/Frost Bankers worth $7,584,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Cullen/Frost Bankers by 239.0% in the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank's stock worth $46,000 after acquiring an additional 239 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in Cullen/Frost Bankers by 0.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the bank's stock valued at $2,390,000 after buying an additional 100 shares during the last quarter. Sovran Advisors LLC bought a new position in Cullen/Frost Bankers during the 4th quarter worth approximately $583,000. Vaughan Nelson Investment Management L.P. raised its holdings in Cullen/Frost Bankers by 23.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 596,617 shares of the bank's stock worth $80,096,000 after purchasing an additional 113,757 shares during the last quarter. Finally, WCM Investment Management LLC raised its holdings in Cullen/Frost Bankers by 145.8% during the 4th quarter. WCM Investment Management LLC now owns 49,356 shares of the bank's stock worth $6,647,000 after purchasing an additional 29,277 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction dated 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.00% of the company's stock.

Cullen/Frost Bankers Price Performance

CFR stock traded up $0.33 during mid-day trading on Wednesday, reaching $145.14. 457,675 shares of the company traded hands, compared to its average volume of 458,805. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $9.32 billion, a P/E ratio of 16.36, a P/E/G ratio of 6.58 and a beta of 0.99. Cullen/Frost Bankers, Inc. has a 52-week low of $94.09 and a 52-week high of $147.64. The company has a fifty day moving average price of $138.25 and a 200-day moving average price of $127.25.

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 return on equity of 15.95% and a net margin of 20.44%. As a group, analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.78 earnings per share 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. Shareholders of record on Friday, February 28th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Friday, February 28th. Cullen/Frost Bankers's payout ratio is presently 42.84%.

Analysts Set New Price Targets

CFR has been the subject of several analyst reports. Stephens raised their price target 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. DA Davidson downgraded shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $138.00 to $143.00 in a research report on Monday, February 3rd. Compass Point lifted their price target on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Royal Bank of Canada reissued a "sector perform" rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Finally, Citigroup lifted their price objective on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a "sell" rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $132.54.

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.