Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Acquired by WCM Investment Management LLC

WCM Investment Management LLC increased its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 145.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,356 shares of the bank’s stock after acquiring an additional 29,277 shares during the quarter. WCM Investment Management LLC owned approximately 0.08% of Cullen/Frost Bankers worth $6,647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake 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 purchasing an additional 106 shares during the period. CWM LLC grew its holdings in shares of Cullen/Frost Bankers by 767.4% during the third quarter. CWM LLC now owns 3,383 shares of the bank’s stock worth $378,000 after buying an additional 2,993 shares during the last quarter. Procyon Advisors LLC raised its stake in Cullen/Frost Bankers by 8.9% during the 3rd quarter. Procyon Advisors LLC now owns 2,212 shares of the bank’s stock valued at $247,000 after acquiring an additional 180 shares during the last quarter. Washington Capital Management Inc. purchased a new stake in Cullen/Frost Bankers during the 3rd quarter valued at approximately $548,000. Finally, Asset Dedication LLC lifted its position in Cullen/Frost Bankers by 63.3% during the 3rd quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock worth $30,000 after acquiring an additional 105 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Insiders Place Their Bets

In other news, insider Paul Bracher sold 11,500 shares of the business’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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Phillip D. Green sold 14,358 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the sale, the chief executive officer now directly owns 94,423 shares in the company, valued at approximately $13,026,597.08. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. 2.89% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CFR has been the topic of a number of recent research reports. Stephens boosted their target price on Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Maxim Group upped their price objective on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Compass Point lifted their target price on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods increased their price target on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Finally, DA Davidson downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and raised their price objective for the company from $138.00 to $143.00 in a research report on Monday, February 3rd. Four 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.com, the company currently has an average rating of “Hold” and a consensus target price of $130.31.

Cullen/Frost Bankers Stock Performance

CFR opened at $140.68 on Monday. The stock’s 50 day simple moving average is $137.57 and its 200 day simple moving average is $125.83. The stock has a market cap of $9.02 billion, a P/E ratio of 15.86, a P/E/G ratio of 6.52 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. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66.

Cullen/Frost Bankers (NYSE:CFR) last posted 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 16.04% and a net margin of 18.81%. As a group, equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.69 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.95 per share. The ex-dividend date is Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 2.70%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 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.