Mitsubishi UFJ Trust & Banking Corp Has $667,000 Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 45.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,971 shares of the bank’s stock after selling 4,079 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Cullen/Frost Bankers were worth $667,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC raised its position in shares of Cullen/Frost Bankers by 30.3% during the third quarter. Tidal Investments LLC now owns 18,689 shares of the bank’s stock worth $2,091,000 after purchasing an additional 4,348 shares during the period. Barclays PLC raised its holdings in 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 buying an additional 305,921 shares during the period. Entropy Technologies LP bought a new position in Cullen/Frost Bankers in the fourth quarter valued at approximately $389,000. National Bank of Canada FI acquired a new position in shares of Cullen/Frost Bankers in the third quarter valued at approximately $1,586,000. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Cullen/Frost Bankers during the third quarter worth $2,037,000. 86.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CFR has been the topic of several research reports. Barclays initiated coverage on shares of Cullen/Frost Bankers in a research report on Tuesday. They issued an “equal weight” rating and a $130.00 price objective on the stock. Keefe, Bruyette & Woods increased their price objective 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. DA Davidson cut Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their target price for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Evercore ISI raised their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. Finally, Morgan Stanley cut their price objective 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, nine have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Cullen/Frost Bankers has a consensus rating of “Hold” and an average target price of $132.57.

Insider Activity

In other 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 completion of the sale, the insider now owns 102,946 shares in the company, valued at $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $123.62 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a 50-day moving average of $133.67 and a 200-day moving average of $131.41. The company has a market cap of $7.95 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 6.46 and a beta of 0.97. 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 announced its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, topping 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%. As a group, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.95 dividend. The ex-dividend date was Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 3.07%. Cullen/Frost Bankers’s dividend 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.