Cullen/Frost Bankers, Inc. (NYSE:CFR) Holdings Decreased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 45.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,971 shares of the bank’s stock after selling 4,079 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Cullen/Frost Bankers were worth $667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CFR. BNP Paribas Financial Markets lifted its position in shares of Cullen/Frost Bankers by 533.6% in the third quarter. BNP Paribas Financial Markets now owns 23,828 shares of the bank’s stock worth $2,665,000 after purchasing an additional 20,067 shares in the last quarter. Townsquare Capital LLC increased its stake in Cullen/Frost Bankers by 6.2% in the 3rd quarter. Townsquare Capital LLC now owns 6,442 shares of the bank’s stock valued at $721,000 after buying an additional 376 shares during the period. Glenmede Trust Co. NA lifted its position in Cullen/Frost Bankers by 11.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,748 shares of the bank’s stock worth $531,000 after buying an additional 475 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Cullen/Frost Bankers by 6.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,924 shares of the bank’s stock valued at $1,222,000 after buying an additional 654 shares during the period. Finally, Captrust Financial Advisors grew its holdings in shares of Cullen/Frost Bankers by 3.2% during the 3rd quarter. Captrust Financial Advisors now owns 17,522 shares of the bank’s stock valued at $1,960,000 after acquiring an additional 547 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CFR has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Barclays began coverage on Cullen/Frost Bankers in a research note on Tuesday. They issued an “equal weight” rating and a $130.00 price target for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Evercore ISI boosted their target price on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. Finally, Compass Point raised their price target on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $132.57.

Insider Buying and Selling

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. Corporate insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Trading Down 1.3 %

Cullen/Frost Bankers stock opened at $123.62 on Wednesday. The business has a 50 day moving average price of $133.67 and a two-hundred day moving average price of $131.41. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. 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 cap of $7.95 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 6.46 and a beta of 0.97.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results 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%. As a group, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.95 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 3.07%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 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.