Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Acquired by Boston Trust Walden Corp

Boston Trust Walden Corp increased its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,052,290 shares of the bank’s stock after buying an additional 94,252 shares during the quarter. Cullen/Frost Bankers comprises approximately 1.0% of Boston Trust Walden Corp’s portfolio, making the stock its 16th largest position. Boston Trust Walden Corp’s holdings in Cullen/Frost Bankers were worth $141,270,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning raised its position in Cullen/Frost Bankers by 7.4% in the second quarter. Creative Planning now owns 8,449 shares of the bank’s stock valued at $859,000 after purchasing an additional 585 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Cullen/Frost Bankers by 2.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,906 shares of the bank’s stock worth $600,000 after purchasing an additional 156 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Cullen/Frost Bankers in the 2nd quarter valued at about $2,199,000. GAMMA Investing LLC lifted its position in Cullen/Frost Bankers by 18.5% in the third quarter. GAMMA Investing LLC now owns 678 shares of the bank’s stock valued at $76,000 after buying an additional 106 shares during the last quarter. Finally, Diversified Trust Co lifted its position in Cullen/Frost Bankers by 14.3% in the third quarter. Diversified Trust Co now owns 22,085 shares of the bank’s stock valued at $2,470,000 after buying an additional 2,755 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CFR has been the subject of a number of recent analyst reports. Stephens lifted their price target on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Maxim Group boosted their target price on Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup upped their price target on Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a research note on Monday, November 4th. DA Davidson cut Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $138.00 to $143.00 in a research note on Monday. Finally, Compass Point boosted their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $130.31.

Insider Buying and Selling

In related news, CEO Phillip D. Green sold 14,358 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total value of $1,980,829.68. Following the completion of the transaction, the chief executive officer now directly owns 94,423 shares of the company’s stock, valued at $13,026,597.08. This represents a 13.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Howard L. Kasanoff sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $138.34, for a total transaction of $553,360.00. Following the sale, the executive vice president now directly owns 2,888 shares in the company, valued at approximately $399,525.92. The trade was a 58.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Cullen/Frost Bankers Price Performance

CFR stock opened at $139.39 on Monday. The business’s 50-day moving average is $137.88 and its two-hundred day moving average is $124.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $8.94 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.69 and a beta of 0.99. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last issued 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 net margin of 18.81% and a return on equity of 16.04%. Analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.66 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 2.73%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 42.84%.

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.