Pathway Financial Advisers LLC Has $27,000 Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Pathway Financial Advisers LLC trimmed its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 99.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 202 shares of the bank’s stock after selling 22,224 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Cullen/Frost Bankers were worth $27,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CFR. Champlain Investment Partners LLC raised its stake in shares of Cullen/Frost Bankers by 7.7% in the third quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank’s stock worth $381,897,000 after acquiring an additional 244,445 shares during the last quarter. Montrusco Bolton Investments Inc. increased its holdings in shares of Cullen/Frost Bankers by 10.2% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,209,122 shares of the bank’s stock valued at $135,252,000 after purchasing an additional 111,719 shares in the last quarter. Geode Capital Management LLC raised its position in 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 worth $122,820,000 after purchasing an additional 66,223 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in Cullen/Frost Bankers by 9.8% during the 4th quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank’s stock worth $141,270,000 after buying an additional 94,252 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Cullen/Frost Bankers by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 806,209 shares of the bank’s stock valued at $90,185,000 after buying an additional 25,909 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Activity

In other Cullen/Frost Bankers news, CEO Phillip D. Green sold 14,358 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total transaction of $1,980,829.68. Following the completion of the transaction, the chief executive officer now owns 94,423 shares in the company, valued at approximately $13,026,597.08. This represents a 13.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Bracher sold 11,500 shares of the business’s 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 sale, the insider now owns 102,946 shares in the company, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.89% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CFR. 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 research report on Monday. Stephens lifted their price objective on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. DA Davidson downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and upped their target price for the company from $138.00 to $143.00 in a research report on Monday, February 3rd. Compass Point lifted their price target on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Citigroup boosted their price target on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $132.54.

Cullen/Frost Bankers Stock Up 1.6 %

Shares of NYSE:CFR opened at $143.76 on Friday. The company has a 50 day moving average price of $137.63 and a two-hundred day moving average price of $126.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $9.22 billion, a PE ratio of 16.21, a PEG ratio of 6.52 and a beta of 0.99. 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 released 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 net margin of 18.81% and a return on equity of 16.04%. Analysts forecast that Cullen/Frost Bankers, Inc. will post 8.69 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm 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 dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Friday, February 28th. Cullen/Frost Bankers’s dividend payout ratio is currently 42.84%.

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.