Bessemer Group Inc. Sells 3,065 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Bessemer Group Inc. decreased its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,115 shares of the bank's stock after selling 3,065 shares during the quarter. Bessemer Group Inc. owned 0.07% of Cullen/Frost Bankers worth $5,654,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CFR. Arizona State Retirement System boosted its holdings in Cullen/Frost Bankers by 0.4% during the fourth quarter. Arizona State Retirement System now owns 17,651 shares of the bank's stock valued at $2,370,000 after purchasing an additional 74 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of Cullen/Frost Bankers by 3.7% in the 4th quarter. Ballentine Partners LLC now owns 2,164 shares of the bank's stock worth $291,000 after purchasing an additional 77 shares during the last quarter. UMB Bank n.a. lifted its holdings in Cullen/Frost Bankers by 45.8% during the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank's stock valued at $33,000 after purchasing an additional 77 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Cullen/Frost Bankers by 4.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,086 shares of the bank's stock worth $280,000 after buying an additional 86 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its stake in shares of Cullen/Frost Bankers by 4.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank's stock valued at $294,000 after acquiring an additional 89 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction 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 of the company's stock, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.89% of the company's stock.

Cullen/Frost Bankers Trading Up 0.6 %

NYSE:CFR traded up $0.64 on Thursday, reaching $111.83. The company's stock had a trading volume of 124,589 shares, compared to its average volume of 466,272. Cullen/Frost Bankers, Inc. has a 1-year low of $94.09 and a 1-year high of $147.64. The business's 50-day moving average price is $126.06 and its two-hundred day moving average price is $130.86. The firm has a market cap of $7.19 billion, a PE ratio of 12.63, a PEG ratio of 6.46 and a beta of 0.82. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. Equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.95 per share. The ex-dividend date was Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 3.40%. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 42.84%.

Analyst Ratings Changes

CFR has been the topic of a number of recent analyst reports. DA Davidson lowered Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Morgan Stanley lowered their price target on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a report on Thursday, March 13th. Evercore ISI increased their price objective 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. Barclays initiated coverage on Cullen/Frost Bankers in a research report on Tuesday, April 1st. They set an "equal weight" rating and a $130.00 target price for the company. Finally, Keefe, Bruyette & Woods boosted 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. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $132.57.

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.