Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by VELA Investment Management LLC

VELA Investment Management LLC trimmed its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 62.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,307 shares of the bank's stock after selling 7,268 shares during the quarter. VELA Investment Management LLC's holdings in Cullen/Frost Bankers were worth $467,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CFR. Capital Research Global Investors boosted its position in Cullen/Frost Bankers by 39.1% during the first quarter. Capital Research Global Investors now owns 2,408,656 shares of the bank's stock worth $333,382,000 after purchasing an additional 676,467 shares in the last quarter. Norges Bank purchased a new position in shares of Cullen/Frost Bankers during the 4th quarter valued at approximately $81,228,000. State Street Corp grew its stake in Cullen/Frost Bankers by 15.4% in the 1st quarter. State Street Corp now owns 4,481,205 shares of the bank's stock valued at $472,050,000 after acquiring an additional 596,591 shares during the period. JPMorgan Chase & Co. increased its holdings in Cullen/Frost Bankers by 44.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,027,531 shares of the bank's stock worth $108,240,000 after acquiring an additional 316,556 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Cullen/Frost Bankers by 3.9% during the third quarter. Vanguard Group Inc. now owns 6,252,456 shares of the bank's stock worth $826,700,000 after acquiring an additional 234,639 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 9,820 shares of the company's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the sale, the insider now owns 96,380 shares in the company, valued at approximately $10,543,972. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Paul Bracher sold 9,820 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $109.40, for a total value of $1,074,308.00. Following the completion of the transaction, the insider now owns 96,380 shares in the company, valued at $10,543,972. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bobby Berman sold 1,312 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $105.49, for a total transaction of $138,402.88. Following the completion of the sale, the executive vice president now directly owns 27,815 shares in the company, valued at $2,934,204.35. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Cullen/Frost Bankers Trading Down 0.0 %

Shares of NYSE CFR traded down $0.04 during trading on Monday, reaching $107.97. The stock had a trading volume of 350,878 shares, compared to its average volume of 413,050. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $6.93 billion, a P/E ratio of 11.86, a PEG ratio of 1.34 and a beta of 1.04. Cullen/Frost Bankers, Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $120.31. The business's 50-day moving average price is $108.07 and its 200-day moving average price is $102.68.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its earnings results on Thursday, January 25th. The bank reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.17. The company had revenue of $523.66 million during the quarter, compared to the consensus estimate of $498.09 million. Cullen/Frost Bankers had a return on equity of 19.66% and a net margin of 22.60%. On average, equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.49 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 3.41%. The ex-dividend date was Wednesday, February 28th. Cullen/Frost Bankers's payout ratio is currently 40.44%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CFR shares. Truist Financial lifted their target price on shares of Cullen/Frost Bankers from $114.00 to $121.00 and gave the company a "hold" rating in a research report on Monday, April 1st. UBS Group raised their target price on Cullen/Frost Bankers from $110.00 to $116.00 and gave the company a "neutral" rating in a research report on Monday, January 29th. Compass Point lowered Cullen/Frost Bankers from a "buy" rating to a "neutral" rating in a research note on Monday, January 8th. Keefe, Bruyette & Woods decreased their price objective on Cullen/Frost Bankers from $125.00 to $118.00 and set a "market perform" rating on the stock in a report on Friday, January 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of Cullen/Frost Bankers from $135.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, April 4th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $117.92.

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.