WealthPLAN Partners LLC Sells 3,069 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

WealthPLAN Partners LLC cut its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,977 shares of the bank's stock after selling 3,069 shares during the period. WealthPLAN Partners LLC owned 0.06% of Cullen/Frost Bankers worth $4,830,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Cullen/Frost Bankers by 239.0% during the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank's stock worth $46,000 after purchasing an additional 239 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Cullen/Frost Bankers by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the bank's stock worth $2,390,000 after buying an additional 100 shares in the last quarter. Sovran Advisors LLC acquired a new stake in shares of Cullen/Frost Bankers during the fourth quarter worth $583,000. Vaughan Nelson Investment Management L.P. grew its stake in shares of Cullen/Frost Bankers by 23.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 596,617 shares of the bank's stock valued at $80,096,000 after acquiring an additional 113,757 shares in the last quarter. Finally, WCM Investment Management LLC grew its stake in shares of Cullen/Frost Bankers by 145.8% in the fourth quarter. WCM Investment Management LLC now owns 49,356 shares of the bank's stock valued at $6,647,000 after acquiring an additional 29,277 shares in the last quarter. Institutional investors own 86.90% of the company's stock.

Insider Activity at Cullen/Frost Bankers

In related news, insider Paul Bracher sold 11,500 shares of the company's stock in a transaction 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 directly owns 102,946 shares in the company, valued at $14,355,819.70. This represents a 10.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CFR has been the subject of a number of recent research reports. Stephens boosted their price objective on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. Citigroup boosted their price target on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a "sell" rating in a research note on Monday, November 4th. Maxim Group raised their price objective on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a "buy" rating in a research note 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 report on Tuesday, December 10th. Finally, DA Davidson lowered Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and increased their target price for the stock from $138.00 to $143.00 in a report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Cullen/Frost Bankers presently has a consensus rating of "Hold" and an average target price of $132.54.

Cullen/Frost Bankers Price Performance

NYSE CFR traded up $0.33 on Wednesday, reaching $145.14. 457,675 shares of the company's stock traded hands, compared to its average volume of 458,805. The stock has a market cap of $9.32 billion, a PE ratio of 16.36, a P/E/G ratio of 6.58 and a beta of 0.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64. The stock has a 50-day simple moving average of $138.25 and a 200 day simple moving average of $127.25.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. As a group, research analysts predict that Cullen/Frost Bankers, Inc. will post 8.78 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

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 $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, February 28th. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 42.84%.

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.