1,575 Shares in Cullen/Frost Bankers, Inc. (NYSE:CFR) Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. bought a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,575 shares of the bank’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CFR. Arizona State Retirement System increased its position in Cullen/Frost Bankers by 0.4% during the fourth quarter. Arizona State Retirement System now owns 17,651 shares of the bank’s stock worth $2,370,000 after purchasing an additional 74 shares during the last quarter. Ballentine Partners LLC raised its position in shares of Cullen/Frost Bankers by 3.7% during the 4th quarter. Ballentine Partners LLC now owns 2,164 shares of the bank’s stock valued at $291,000 after buying an additional 77 shares during the period. UMB Bank n.a. lifted its holdings 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 acquiring an additional 77 shares during the last quarter. Strategic Financial Concepts LLC grew its position in Cullen/Frost Bankers by 4.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank’s stock worth $294,000 after acquiring an additional 89 shares during the period. Finally, First Dallas Securities Inc. increased its stake in Cullen/Frost Bankers by 2.5% during the fourth quarter. First Dallas Securities Inc. now owns 4,028 shares of the bank’s stock worth $541,000 after acquiring an additional 100 shares during the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Price Performance

Cullen/Frost Bankers stock opened at $124.42 on Friday. The stock has a market cap of $8.00 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 6.46 and a beta of 0.97. The company has a fifty day simple moving average of $134.41 and a 200-day simple moving average of $130.83. The company has a current ratio of 0.68, a quick 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.

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

Cullen/Frost Bankers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, February 28th. Cullen/Frost Bankers’s payout ratio is 42.84%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CFR. Keefe, Bruyette & Woods increased their price target 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. Evercore ISI upped 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. Compass Point upped their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Morgan Stanley dropped their price objective on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a research note on Thursday, March 13th. Finally, DA Davidson lowered Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and increased their target price for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus target price of $132.77.

Insider Activity at Cullen/Frost Bankers

In related news, insider Paul Bracher sold 11,500 shares of the firm’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 transaction of $1,603,675.00. Following the transaction, the insider now 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 filing with the SEC, which is available through the SEC website. 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.