Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,763 shares of the bank's stock after selling 4,468 shares during the period. Wells Fargo & Company MN owned approximately 0.24% of Cullen/Frost Bankers worth $20,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in Cullen/Frost Bankers in the 3rd quarter valued at approximately $29,000. UMB Bank n.a. boosted its position in shares of Cullen/Frost Bankers by 45.8% during the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank's stock worth $33,000 after buying an additional 77 shares during the period. Blue Trust Inc. grew its stake in shares of Cullen/Frost Bankers by 239.0% in the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank's stock valued at $46,000 after buying an additional 239 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Cullen/Frost Bankers by 35.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock valued at $62,000 after buying an additional 120 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Cullen/Frost Bankers during the 4th quarter worth about $106,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Trading Up 0.3 %

CFR traded up $0.35 during trading on Friday, hitting $111.54. 426,124 shares of the company's stock were exchanged, compared to its average volume of 468,020. The stock has a 50 day moving average price of $125.52 and a 200 day moving average price of $130.86. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year high of $147.64. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. The firm has a market cap of $7.17 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 6.46 and a beta of 0.82.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings data 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%. As a group, analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.41%. The ex-dividend date was Friday, February 28th. Cullen/Frost Bankers's dividend payout ratio (DPR) is 42.84%.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were 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. 2.89% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CFR shares. Morgan Stanley cut 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. Evercore ISI upped their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an "underperform" rating in a research report on Monday, February 10th. Barclays started coverage on Cullen/Frost Bankers in a research note on Tuesday, April 1st. They issued an "equal weight" rating and a $130.00 price objective for the company. 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 note on Monday, February 3rd. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Cullen/Frost Bankers currently has a consensus rating of "Hold" and a consensus price target 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.