MetLife Investment Management LLC Has $4.84 Million Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

MetLife Investment Management LLC grew its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,058 shares of the bank's stock after purchasing an additional 3,060 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Cullen/Frost Bankers worth $4,841,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Barclays PLC boosted its position 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 acquiring an additional 305,921 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Cullen/Frost Bankers during the third quarter worth approximately $29,000. Tidal Investments LLC grew its position in Cullen/Frost Bankers by 30.3% during the third quarter. Tidal Investments LLC now owns 18,689 shares of the bank's stock valued at $2,091,000 after purchasing an additional 4,348 shares in the last quarter. Franklin Resources Inc. grew its position in Cullen/Frost Bankers by 167.8% during the third quarter. Franklin Resources Inc. now owns 7,507 shares of the bank's stock valued at $901,000 after purchasing an additional 4,704 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in Cullen/Frost Bankers in the 3rd quarter valued at approximately $2,037,000. Institutional investors and hedge funds own 86.90% of the company's stock.

Cullen/Frost Bankers Stock Performance

Shares of NYSE:CFR traded down $1.09 on Wednesday, hitting $116.54. 723,695 shares of the company were exchanged, compared to its average volume of 463,739. The company's 50 day moving average price is $120.44 and its two-hundred day moving average price is $130.97. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 13.14, 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, Inc. has a one year low of $94.09 and a one year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted 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 return on equity of 15.95% and a net margin of 20.44%. Research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Paul Bracher sold 11,500 shares of the company'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 value of $1,603,675.00. Following the sale, the insider now directly owns 102,946 shares in the company, valued at approximately $14,355,819.70. This represents a 10.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.89% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CFR. Morgan Stanley dropped their price target on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a research note on Thursday, March 13th. DA Davidson lowered Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and upped their target price for the stock from $138.00 to $143.00 in a research report on Monday, February 3rd. Evercore ISI boosted their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. Barclays started coverage on Cullen/Frost Bankers in a report on Tuesday, April 1st. They issued an "equal weight" rating and a $130.00 price objective on the stock. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a research report on Monday, February 3rd. Four 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $132.57.

Cullen/Frost Bankers 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.