Impact Partnership Wealth LLC Sells 2,453 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Impact Partnership Wealth LLC trimmed its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 52.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,199 shares of the bank's stock after selling 2,453 shares during the quarter. Impact Partnership Wealth LLC's holdings in Cullen/Frost Bankers were worth $275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new position in Cullen/Frost Bankers during the first quarter worth approximately $30,000. UMB Bank n.a. lifted its position in shares of Cullen/Frost Bankers by 59.6% in the first quarter. UMB Bank n.a. now owns 391 shares of the bank's stock valued at $49,000 after acquiring an additional 146 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Cullen/Frost Bankers by 35.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock valued at $62,000 after acquiring an additional 120 shares in the last quarter. Parallel Advisors LLC increased its stake in Cullen/Frost Bankers by 33.8% in the first quarter. Parallel Advisors LLC now owns 522 shares of the bank's stock valued at $65,000 after purchasing an additional 132 shares during the last quarter. Finally, Reyes Financial Architecture Inc. increased its stake in Cullen/Frost Bankers by 38.5% during the first quarter. Reyes Financial Architecture Inc. now owns 1,273 shares of the bank's stock worth $159,000 after acquiring an additional 354 shares during the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CFR. Raymond James Financial raised Cullen/Frost Bankers from a "market perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a report on Tuesday, July 8th. Jefferies Financial Group began coverage on Cullen/Frost Bankers in a research report on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 target price for the company. Evercore ISI raised Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price objective for the company in a research report on Friday, May 2nd. Barclays lifted their price objective on Cullen/Frost Bankers from $135.00 to $155.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada lowered their price target on Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $134.79.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, CAO Matthew Bradley Henson acquired 1,870 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average price of $16.93 per share, for a total transaction of $31,659.10. Following the completion of the acquisition, the chief accounting officer owned 5,545 shares of the company's stock, valued at $93,876.85. This trade represents a 50.88% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by insiders.

Cullen/Frost Bankers Trading Down 1.0%

Shares of NYSE:CFR traded down $1.43 during midday trading on Monday, reaching $137.31. The company had a trading volume of 191,282 shares, compared to its average volume of 441,961. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64. Cullen/Frost Bankers, Inc. has a 1-year low of $100.31 and a 1-year high of $147.64. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 2.94 and a beta of 0.68. The company has a fifty day simple moving average of $129.98 and a two-hundred day simple moving average of $128.81.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.17 by $0.13. The business had revenue of $560.42 million for the quarter, compared to the consensus estimate of $540.57 million. Cullen/Frost Bankers had a return on equity of 15.70% and a net margin of 20.89%. During the same period last year, the business earned $2.15 EPS. Research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $1.00 dividend. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.95. The ex-dividend date was Friday, May 30th. This represents a $4.00 annualized dividend and a yield of 2.91%. Cullen/Frost Bankers's payout ratio is presently 43.91%.

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.