Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 23.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,550 shares of the bank’s stock after buying an additional 52,895 shares during the quarter. Natixis Advisors LLC’s holdings in Cullen/Frost Bankers were worth $37,127,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC lifted its holdings in Cullen/Frost Bankers by 7.7% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank’s stock worth $381,897,000 after buying an additional 244,445 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its holdings in Cullen/Frost Bankers by 10.2% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,209,122 shares of the bank’s stock worth $135,252,000 after buying an additional 111,719 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 buying an additional 66,223 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in 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 worth $141,270,000 after buying an additional 94,252 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Cullen/Frost Bankers by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 822,432 shares of the bank’s stock worth $110,418,000 after buying an additional 16,223 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CFR. Evercore ISI boosted their price objective on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods boosted their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $144.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Compass Point boosted their target price 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, DA Davidson downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $138.00 to $143.00 in a research report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $132.77.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, 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 transaction 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 $14,355,819.70. The trade was a 10.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.89% of the stock is currently owned by company insiders.

Cullen/Frost Bankers Price Performance

Shares of NYSE:CFR opened at $122.64 on Monday. 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 fifty-two week low of $94.09 and a fifty-two week high of $147.64. The firm has a 50-day simple moving average of $137.03 and a 200 day simple moving average of $130.17. The company has a market cap of $7.88 billion, a PE ratio of 13.83, a P/E/G ratio of 6.46 and a beta of 0.97.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. On average, sell-side analysts anticipate 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. Shareholders of record on Friday, February 28th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Friday, February 28th. Cullen/Frost Bankers’s payout ratio is 42.84%.

About Cullen/Frost Bankers

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.