Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. lowered its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 8,569 shares of the bank’s stock after selling 334 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Cullen/Frost Bankers were worth $1,150,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Cullen/Frost Bankers by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank’s stock valued at $855,884,000 after buying an additional 66,243 shares during the period. Geode Capital Management LLC increased its stake in shares of Cullen/Frost Bankers by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank’s stock valued at $122,820,000 after purchasing an additional 66,223 shares in the last quarter. Boston Trust Walden Corp increased its stake in shares of Cullen/Frost Bankers by 9.8% in the 4th quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank’s stock valued at $141,270,000 after purchasing an additional 94,252 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Cullen/Frost Bankers by 1.1% in the 4th quarter. JPMorgan Chase & Co. now owns 834,015 shares of the bank’s stock valued at $111,967,000 after purchasing an additional 9,050 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Cullen/Frost Bankers by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 822,432 shares of the bank’s stock valued at $110,418,000 after purchasing an additional 16,223 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $114.40 on Thursday. The firm has a market capitalization of $7.35 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 6.46 and a beta of 0.82. The business’s fifty day moving average price is $129.04 and its 200 day moving average price is $131.07. 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.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.95 per share. The ex-dividend date was Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 3.32%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 42.84%.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the transaction, the insider now directly owns 102,946 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through the SEC website. 2.89% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CFR shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Evercore ISI boosted their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. Morgan Stanley lowered their target price on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating on the stock in a report on Thursday, March 13th. Barclays assumed coverage on Cullen/Frost Bankers in a report on Tuesday, April 1st. They set an “equal weight” rating and a $130.00 target price on the stock. Finally, DA Davidson cut 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 note on Monday, February 3rd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $132.57.

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.