Bartlett & CO. Wealth Management LLC Sells 158,426 Shares of Cullen/Frost Bankers, Inc. $CFR

Key Points

• Bartlett & CO. Wealth Management LLC cut its stake in Cullen/Frost by 46.6%, selling 158,426 shares and now holds 181,495 shares worth about $22.98 million (≈0.28% of the company).
• Cullen/Frost beat quarterly EPS estimates at $2.56 and reported $1.05 billion in revenue, and recently paid a quarterly dividend of $1.00 (annualized $4.00, ~2.8% yield).
• The stock has a consensus analyst rating of Hold with a consensus price target of $142.25, amid mixed analyst outlooks (price targets ranging roughly $133–$160).

Bartlett & CO. Wealth Management LLC lowered its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 46.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,495 shares of the bank's stock after selling 158,426 shares during the quarter. Bartlett & CO. Wealth Management LLC owned about 0.28% of Cullen/Frost Bankers worth $22,983,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Cullen/Frost Bankers by 6.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,187,406 shares of the bank's stock worth $150,529,000 after buying an additional 77,028 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Cullen/Frost Bankers by 8.5% in the 3rd quarter. Bank of America Corp DE now owns 1,129,673 shares of the bank's stock worth $143,209,000 after purchasing an additional 88,080 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Cullen/Frost Bankers by 2.3% in the 3rd quarter. Northern Trust Corp now owns 965,821 shares of the bank's stock worth $122,437,000 after purchasing an additional 21,793 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Cullen/Frost Bankers by 11.9% in the 3rd quarter. Impax Asset Management Group plc now owns 920,833 shares of the bank's stock worth $116,734,000 after purchasing an additional 97,955 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Cullen/Frost Bankers by 3.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 831,752 shares of the bank's stock worth $105,441,000 after purchasing an additional 25,000 shares in the last quarter. Institutional investors own 86.90% of the company's stock.

Wall Street Analysts Forecast Growth

CFR has been the topic of a number of recent research reports. Royal Bank Of Canada increased their target price on Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a "sector perform" rating in a report on Friday, January 30th. Weiss Ratings upgraded Cullen/Frost Bankers from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 2nd. DA Davidson raised their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a "neutral" rating in a research report on Friday, January 30th. Morgan Stanley dropped their price target on shares of Cullen/Frost Bankers from $143.00 to $133.00 and set an "underweight" rating on the stock in a research report on Tuesday, March 31st. Finally, Loop Capital set a $160.00 price target on shares of Cullen/Frost Bankers in a research report on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Cullen/Frost Bankers has a consensus rating of "Hold" and a consensus price target of $142.25.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, EVP Bobby Berman sold 1,000 shares of the company's stock in a transaction on Friday, January 30th. The shares were sold at an average price of $137.07, for a total value of $137,070.00. Following the transaction, the executive vice president owned 28,406 shares of the company's stock, valued at approximately $3,893,610.42. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.14% of the company's stock.

Cullen/Frost Bankers Trading Down 1.7%

Shares of CFR stock opened at $142.52 on Friday. The company's fifty day simple moving average is $139.25 and its two-hundred day simple moving average is $131.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67. Cullen/Frost Bankers, Inc. has a 1 year low of $104.38 and a 1 year high of $148.97. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 5.32 and a beta of 0.61.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.09. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $578.05 million. During the same quarter in the previous year, the firm posted $2.36 EPS. As a group, analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.00 annualized dividend and a dividend yield of 2.8%. Cullen/Frost Bankers's dividend payout ratio is presently 40.32%.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.

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