Cullen/Frost Bankers, Inc. (NYSE:CFR) Holdings Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 5.1% during the 4th quarter, HoldingsChannel reports. The firm owned 39,494 shares of the bank’s stock after selling 2,107 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Cullen/Frost Bankers were worth $4,285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in Cullen/Frost Bankers during the 4th quarter worth approximately $26,000. Macquarie Group Ltd. purchased a new position in Cullen/Frost Bankers during the 1st quarter worth approximately $25,000. ICA Group Wealth Management LLC purchased a new position in shares of Cullen/Frost Bankers during the 4th quarter valued at $36,000. NBC Securities Inc. purchased a new position in shares of Cullen/Frost Bankers during the 3rd quarter valued at $27,000. Finally, Covestor Ltd grew its holdings in shares of Cullen/Frost Bankers by 80.7% during the 1st quarter. Covestor Ltd now owns 309 shares of the bank’s stock valued at $43,000 after acquiring an additional 138 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $118.00 price target on shares of Cullen/Frost Bankers in a report on Tuesday, April 9th. UBS Group boosted their price target on shares of Cullen/Frost Bankers from $110.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, January 29th. Morgan Stanley boosted their price target on shares of Cullen/Frost Bankers from $109.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Stephens upped their price objective on shares of Cullen/Frost Bankers from $116.00 to $117.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Finally, Wedbush reiterated a “neutral” rating and issued a $115.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, January 26th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $117.92.

Insiders Place Their Bets

In other news, insider Paul Bracher sold 9,820 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the completion of the transaction, the insider now owns 96,380 shares of the company’s stock, valued at $10,543,972. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Paul Bracher sold 9,820 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the completion of the transaction, the insider now owns 96,380 shares of the company’s stock, valued at $10,543,972. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bobby Berman sold 1,312 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $105.49, for a total transaction of $138,402.88. Following the transaction, the executive vice president now directly owns 27,815 shares of the company’s stock, valued at approximately $2,934,204.35. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Cullen/Frost Bankers Stock Down 0.0 %

Cullen/Frost Bankers stock opened at $107.97 on Tuesday. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 1.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.63 and a quick ratio of 0.63. Cullen/Frost Bankers, Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $120.31. The firm has a fifty day moving average price of $108.07 and a two-hundred day moving average price of $102.68.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, January 25th. The bank reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.17. The firm had revenue of $523.66 million during the quarter, compared to analyst estimates of $498.09 million. Cullen/Frost Bankers had a net margin of 22.60% and a return on equity of 19.66%. As a group, analysts forecast that Cullen/Frost Bankers, Inc. will post 8.49 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

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

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.