Commonwealth Equity Services LLC Purchases 1,233 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Commonwealth Equity Services LLC boosted its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 2.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 62,413 shares of the bank’s stock after buying an additional 1,233 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Cullen/Frost Bankers were worth $8,379,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Swiss National Bank boosted its holdings in Cullen/Frost Bankers by 0.3% in the fourth quarter. Swiss National Bank now owns 119,600 shares of the bank’s stock valued at $16,056,000 after acquiring an additional 400 shares during the last quarter. Avantax Advisory Services Inc. bought a new position in Cullen/Frost Bankers in the fourth quarter valued at about $217,000. HighTower Advisors LLC boosted its holdings in 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 during the last quarter. Johnson Investment Counsel Inc. bought a new position in Cullen/Frost Bankers during the fourth quarter worth about $231,000. Finally, Personal CFO Solutions LLC boosted its holdings in Cullen/Frost Bankers by 15.7% during the fourth quarter. Personal CFO Solutions LLC now owns 2,091 shares of the bank’s stock worth $281,000 after buying an additional 283 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CFR. Keefe, Bruyette & Woods raised their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and set a $144.00 target price on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Compass Point raised their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley reduced their target price on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating on the stock in a report on Thursday, March 13th. Finally, DA Davidson cut Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and raised their target price for the stock from $138.00 to $143.00 in a report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $132.77.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was 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 $14,355,819.70. The trade was a 10.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.89% of the stock is owned by insiders.

Cullen/Frost Bankers Stock Down 1.1 %

Shares of Cullen/Frost Bankers stock opened at $122.68 on Friday. The business’s 50 day simple moving average is $136.08 and its 200 day simple moving average is $130.23. Cullen/Frost Bankers, Inc. has a 52-week low of $94.09 and a 52-week high of $147.64. The firm has a market cap of $7.88 billion, a PE ratio of 13.83, a P/E/G ratio of 6.46 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68.

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

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Friday, February 28th. Cullen/Frost Bankers’s dividend payout ratio is presently 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.