Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.8% during the fourth quarter, Holdings Channel reports. The firm owned 513,433 shares of the bank’s stock after selling 20,056 shares during the period. Sei Investments Co.’s holdings in Cullen/Frost Bankers were worth $68,928,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in Cullen/Frost Bankers by 45.8% in the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock valued at $33,000 after buying an additional 77 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Cullen/Frost Bankers in the 3rd quarter valued at about $29,000. Blue Trust Inc. lifted its position in Cullen/Frost Bankers by 239.0% in the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock valued at $46,000 after purchasing an additional 239 shares during the last quarter. Brooklyn Investment Group acquired a new position in Cullen/Frost Bankers during the 3rd quarter valued at about $44,000. Finally, Quarry LP grew its position in Cullen/Frost Bankers by 134.2% in the 3rd quarter. Quarry LP now owns 541 shares of the bank’s stock worth $61,000 after purchasing an additional 310 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CFR shares. Evercore ISI boosted their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. DA Davidson lowered Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $138.00 to $143.00 in a research report on Monday, February 3rd. Royal Bank of Canada restated 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. Compass Point upped their price objective on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $132.77.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $14,355,819.70. This represents a 10.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.89% of the stock is owned by insiders.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $122.55 on Monday. Cullen/Frost Bankers, Inc. has a 12-month low of $94.09 and a 12-month high of $147.64. The stock has a market capitalization of $7.87 billion, a P/E ratio of 13.82, a P/E/G ratio of 6.46 and a beta of 0.97. The firm’s 50 day moving average is $135.87 and its 200-day moving average is $130.56. 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 (NYSE:CFR) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Friday, February 28th. Cullen/Frost Bankers’s payout ratio is 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.