Pathway Financial Advisers LLC Sells 22,224 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Pathway Financial Advisers LLC reduced its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 99.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 202 shares of the bank’s stock after selling 22,224 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Cullen/Frost Bankers were worth $27,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC increased its position in shares of Cullen/Frost Bankers by 30.3% in the third quarter. Tidal Investments LLC now owns 18,689 shares of the bank’s stock valued at $2,091,000 after acquiring an additional 4,348 shares during the last quarter. Pathstone Holdings LLC grew its stake in Cullen/Frost Bankers by 45.0% in the third quarter. Pathstone Holdings LLC now owns 19,273 shares of the bank’s stock valued at $2,156,000 after purchasing an additional 5,981 shares in the last quarter. Barclays PLC increased its position in shares of Cullen/Frost Bankers by 234.5% during the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank’s stock worth $48,814,000 after purchasing an additional 305,921 shares during the last quarter. Raymond James & Associates raised its stake in shares of Cullen/Frost Bankers by 10.0% during the 3rd quarter. Raymond James & Associates now owns 119,447 shares of the bank’s stock worth $13,361,000 after purchasing an additional 10,884 shares in the last quarter. Finally, Hancock Whitney Corp acquired a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at approximately $784,000. 86.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Paul Bracher sold 11,500 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed 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 dated Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total transaction of $1,980,829.68. Following the sale, the chief executive officer now owns 94,423 shares in the company, valued at $13,026,597.08. The trade was a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.89% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on CFR shares. Citigroup upped their price target on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Maxim Group upped their target price on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stephens lifted their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Royal Bank of Canada restated a “sector perform” rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods raised their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. Four equities 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, the company currently has an average rating of “Hold” and an average price target of $132.54.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $143.76 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $137.63 and a 200 day simple moving average of $126.24. Cullen/Frost Bankers, Inc. has a 1-year low of $94.09 and a 1-year high of $147.64. The stock has a market cap of $9.22 billion, a P/E ratio of 16.21, a PEG ratio of 6.52 and a beta of 0.99.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, topping 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%. Research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.69 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Friday, February 28th. 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.