Cullen/Frost Bankers, Inc. (NYSE:CFR) Stock Position Lifted by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 0.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,098,087 shares of the bank’s stock after purchasing an additional 390 shares during the quarter. Geode Capital Management LLC’s holdings in Cullen/Frost Bankers were worth $147,464,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CFR. Wilmington Savings Fund Society FSB bought a new stake in shares of Cullen/Frost Bankers during the 3rd quarter worth about $29,000. UMB Bank n.a. raised its holdings in Cullen/Frost Bankers by 45.8% during the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock worth $33,000 after purchasing an additional 77 shares in the last quarter. Blue Trust Inc. raised its holdings in Cullen/Frost Bankers by 239.0% during the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock worth $46,000 after purchasing an additional 239 shares in the last quarter. Quarry LP lifted its position in Cullen/Frost Bankers by 134.2% in the third quarter. Quarry LP now owns 541 shares of the bank’s stock worth $61,000 after purchasing an additional 310 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Cullen/Frost Bankers by 35.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank’s stock valued at $62,000 after purchasing an additional 120 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $14,355,819.70. This represents a 10.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.89% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CFR. DA Davidson lowered Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and upped their price objective for the company from $138.00 to $143.00 in a report on Monday, February 3rd. Evercore ISI upped their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods lifted their price objective on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $144.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Finally, 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. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $132.57.

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock opened at $105.99 on Tuesday. The stock has a market cap of $6.81 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 6.46 and a beta of 0.82. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $131.43 and a 200-day simple moving average of $131.42.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, beating 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%. On average, sell-side 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. Shareholders of record on Friday, February 28th were given a $0.95 dividend. The ex-dividend date was Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a yield of 3.59%. 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.