Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 192,649 shares of the bank's stock after selling 44,483 shares during the quarter. Wellington Management Group LLP owned 0.30% of Cullen/Frost Bankers worth $25,863,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in Cullen/Frost Bankers by 45.8% in the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank's stock valued at $33,000 after acquiring an additional 77 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Cullen/Frost Bankers during the third quarter worth $29,000. Blue Trust Inc. lifted its position 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 buying an additional 239 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Cullen/Frost Bankers by 35.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock worth $62,000 after acquiring an additional 120 shares in the last quarter. Finally, Quarry LP grew its stake in Cullen/Frost Bankers by 134.2% in the third quarter. Quarry LP now owns 541 shares of the bank's stock valued at $61,000 after purchasing an additional 310 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Price Performance

NYSE:CFR traded up $0.70 during mid-day trading on Friday, reaching $107.57. The stock had a trading volume of 465,964 shares, compared to its average volume of 465,998. The firm has a 50 day moving average price of $127.84 and a two-hundred day moving average price of $131.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64. The stock has a market capitalization of $6.91 billion, a P/E ratio of 12.13, a P/E/G ratio of 6.46 and a beta of 0.82.

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Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping 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, analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.53%. The ex-dividend date was Friday, February 28th. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 42.84%.

Insider Buying and Selling at Cullen/Frost Bankers

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

Analyst Ratings Changes

A number of analysts have recently issued reports on CFR shares. Keefe, Bruyette & Woods raised their price objective 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. Barclays assumed coverage on shares of Cullen/Frost Bankers in a research note on Tuesday, April 1st. They set an "equal weight" rating and a $130.00 target price for the company. 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. Evercore ISI increased their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an "underperform" rating in a research note on Monday, February 10th. Finally, Morgan Stanley dropped their target price on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a report on Thursday, March 13th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Cullen/Frost Bankers has a consensus rating of "Hold" and a consensus price target of $132.57.

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.