Bradley Foster & Sargent Inc. CT Boosts Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Bradley Foster & Sargent Inc. CT grew its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.9% in the 4th quarter, HoldingsChannel reports. The firm owned 5,250 shares of the bank’s stock after acquiring an additional 198 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Cullen/Frost Bankers were worth $705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Boston Trust Walden Corp purchased a new stake in Cullen/Frost Bankers during the third quarter worth about $107,166,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Cullen/Frost Bankers during the 3rd quarter valued at approximately $54,012,000. The Manufacturers Life Insurance Company increased its stake in shares of Cullen/Frost Bankers by 117.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 568,730 shares of the bank’s stock worth $63,618,000 after purchasing an additional 307,129 shares during the last quarter. Barclays PLC raised its holdings in shares of Cullen/Frost Bankers by 234.5% in 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 period. Finally, Strategic Financial Concepts LLC lifted its stake in Cullen/Frost Bankers by 13,334.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 281,860 shares of the bank’s stock valued at $37,840,000 after purchasing an additional 279,762 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Paul Bracher sold 11,500 shares of the stock in a transaction on 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 transaction, the insider now owns 102,946 shares of the company’s stock, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CFR. Compass Point boosted their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods boosted their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Citigroup increased their target price 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. DA Davidson lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their price target for the company from $138.00 to $143.00 in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $132.54.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $140.22 on Friday. Cullen/Frost Bankers, Inc. has a twelve month low of $94.09 and a twelve 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 stock has a market cap of $9.01 billion, a P/E ratio of 15.81, a PEG ratio of 6.46 and a beta of 0.99. The business’s 50-day moving average price is $138.39 and its two-hundred day moving average price is $127.75.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. As a group, equities analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

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 issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Friday, February 28th. Cullen/Frost Bankers’s payout ratio is currently 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.