Envestnet Asset Management Inc. Grows Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Envestnet Asset Management Inc. boosted its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 23.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 267,670 shares of the bank’s stock after acquiring an additional 50,324 shares during the period. Envestnet Asset Management Inc.’s holdings in Cullen/Frost Bankers were worth $35,935,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Tidal Investments LLC raised its position in shares of Cullen/Frost Bankers by 30.3% during the 3rd quarter. Tidal Investments LLC now owns 18,689 shares of the bank’s stock valued at $2,091,000 after purchasing an additional 4,348 shares during the period. Barclays PLC raised its holdings in Cullen/Frost Bankers by 234.5% during the third quarter. Barclays PLC now owns 436,393 shares of the bank’s stock valued at $48,814,000 after acquiring an additional 305,921 shares during the period. HighTower Advisors LLC lifted its position in shares of Cullen/Frost Bankers by 8.3% in the fourth quarter. HighTower Advisors LLC now owns 13,083 shares of the bank’s stock valued at $1,756,000 after acquiring an additional 1,003 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Cullen/Frost Bankers in the fourth quarter worth about $389,000. Finally, National Bank of Canada FI purchased a new stake in shares of Cullen/Frost Bankers during the third quarter worth about $1,586,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CFR shares. Barclays started coverage on Cullen/Frost Bankers in a report on Tuesday, April 1st. They issued an “equal weight” rating and a $130.00 price target on the stock. Evercore ISI boosted their target price 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. Royal Bank of Canada reaffirmed 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. DA Davidson cut shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Finally, Morgan Stanley cut their price objective on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a research report on Thursday, March 13th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $132.57.

Insider Buying and Selling

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the company’s stock in a transaction 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 transaction, the insider now 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 legal filing with the SEC, which is available through this hyperlink. 2.89% of the stock is currently owned by corporate insiders.

Cullen/Frost Bankers Price Performance

Shares of Cullen/Frost Bankers stock opened at $107.57 on Friday. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 6.46 and a beta of 0.82. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a 50 day moving average price of $127.84 and a 200-day moving average price of $131.01. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. Equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.95 per share. The ex-dividend date was Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 3.53%. Cullen/Frost Bankers’s payout ratio is 42.84%.

Cullen/Frost Bankers 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.