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

Sei Investments Co. 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 13F filing with the SEC. The fund owned 513,433 shares of the bank’s stock after selling 20,056 shares during the quarter. Sei Investments Co. owned 0.80% of Cullen/Frost Bankers worth $68,928,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. boosted its holdings in Cullen/Frost Bankers by 2.5% in the 4th quarter. American Century Companies Inc. now owns 71,366 shares of the bank’s stock valued at $9,581,000 after purchasing an additional 1,717 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Cullen/Frost Bankers by 5.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 33,100 shares of the bank’s stock valued at $4,444,000 after buying an additional 1,707 shares during the period. Whittier Trust Co. boosted its stake in shares of Cullen/Frost Bankers by 4.8% in the fourth quarter. Whittier Trust Co. now owns 62,649 shares of the bank’s stock valued at $8,410,000 after buying an additional 2,881 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Cullen/Frost Bankers by 44.2% during the 4th quarter. Teacher Retirement System of Texas now owns 13,196 shares of the bank’s stock worth $1,772,000 after purchasing an additional 4,044 shares in the last quarter. Finally, Xponance Inc. grew its stake in shares of Cullen/Frost Bankers by 6.0% during the 4th quarter. Xponance Inc. now owns 7,094 shares of the bank’s stock worth $952,000 after purchasing an additional 399 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on CFR. Royal Bank of Canada reiterated a “sector perform” rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Morgan Stanley decreased their price target on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating on the stock in a research note on Thursday, March 13th. Evercore ISI raised their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. DA Davidson cut shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and increased their price objective for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Finally, Compass Point raised their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $132.77.

Cullen/Frost Bankers Stock Down 0.1 %

Shares of NYSE 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 fifty day moving average price of $135.87 and a 200 day moving average price of $130.56. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. The company has a market cap 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.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Friday, February 28th. Cullen/Frost Bankers’s payout ratio is currently 42.84%.

Insider Activity

In other news, insider Paul Bracher sold 11,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 102,946 shares in the company, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.89% of the company’s stock.

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.