Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Acquired by Glass Wealth Management Co LLC

Glass Wealth Management Co LLC lifted its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,394 shares of the bank’s stock after buying an additional 170 shares during the period. Cullen/Frost Bankers comprises approximately 2.6% of Glass Wealth Management Co LLC’s holdings, making the stock its 10th largest holding. Glass Wealth Management Co LLC owned approximately 0.06% of Cullen/Frost Bankers worth $4,752,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CFR. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Cullen/Frost Bankers in the 3rd quarter worth approximately $54,012,000. The Manufacturers Life Insurance Company raised its holdings in shares of Cullen/Frost Bankers by 117.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 568,730 shares of the bank’s stock worth $63,618,000 after buying an additional 307,129 shares in the last quarter. Barclays PLC raised its holdings in shares of Cullen/Frost Bankers by 234.5% in the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank’s stock worth $48,814,000 after buying an additional 305,921 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Cullen/Frost Bankers by 13,334.7% in the 4th quarter. Strategic Financial Concepts LLC now owns 281,860 shares of the bank’s stock worth $37,840,000 after buying an additional 279,762 shares in the last quarter. Finally, Champlain Investment Partners LLC raised its holdings in shares of Cullen/Frost Bankers by 7.7% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank’s stock worth $381,897,000 after buying an additional 244,445 shares in the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cullen/Frost Bankers

In other 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.89% of the stock is owned by corporate insiders.

Cullen/Frost Bankers Stock Down 2.9 %

Shares of CFR opened at $130.96 on Wednesday. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 6.46 and a beta of 0.99. 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 business’s fifty day moving average price is $138.67 and its two-hundred day moving average price is $129.19. Cullen/Frost Bankers, Inc. has a 52 week low of $94.09 and a 52 week high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 EPS 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%. On average, analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.95 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 2.90%. Cullen/Frost Bankers’s dividend payout ratio is currently 42.84%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $144.00 target price on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Keefe, Bruyette & Woods raised their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. DA Davidson cut Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and raised their price target for the company from $138.00 to $143.00 in a report on Monday, February 3rd. 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. Finally, Evercore ISI raised their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Cullen/Frost Bankers presently has an average rating of “Hold” and an average target price of $132.54.

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.