Congress Wealth Management LLC DE Increases Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Congress Wealth Management LLC DE grew its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 9.9% during the fourth quarter, HoldingsChannel reports. The firm owned 6,083 shares of the bank’s stock after acquiring an additional 549 shares during the period. Congress Wealth Management LLC DE’s holdings in Cullen/Frost Bankers were worth $817,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CFR. Vanguard Group Inc. increased its holdings in shares of Cullen/Frost Bankers by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank’s stock valued at $855,884,000 after purchasing an additional 66,243 shares during the last quarter. Geode Capital Management LLC grew its holdings in Cullen/Frost Bankers by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank’s stock valued at $122,820,000 after buying an additional 66,223 shares in the last quarter. Boston Trust Walden Corp increased its stake in shares of Cullen/Frost Bankers by 9.8% in the 4th quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank’s stock worth $141,270,000 after acquiring an additional 94,252 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Cullen/Frost Bankers by 2.0% during the 4th quarter. Principal Financial Group Inc. now owns 822,432 shares of the bank’s stock worth $110,418,000 after acquiring an additional 16,223 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Cullen/Frost Bankers by 2.4% during the 4th quarter. Bank of New York Mellon Corp now owns 611,722 shares of the bank’s stock worth $82,124,000 after acquiring an additional 14,422 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CFR shares. Keefe, Bruyette & Woods raised 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. Evercore ISI lifted their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. DA Davidson lowered Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and upped their price target for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Finally, Morgan Stanley decreased their target price on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating on the stock in a research report on Thursday, March 13th. 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 stock. Based on data from MarketBeat.com, Cullen/Frost Bankers presently has a consensus rating of “Hold” and an average target price of $132.77.

Insider Buying and Selling

In other news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction dated 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 owns 102,946 shares in the company, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.89% of the stock is currently owned by insiders.

Cullen/Frost Bankers Trading Down 1.1 %

NYSE CFR opened at $123.76 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 6.46 and a beta of 0.97. The firm has a 50 day simple moving average of $134.79 and a 200-day simple moving average of $130.72. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. Equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.95 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a yield of 3.07%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 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.