Corient Private Wealth LLC Buys 3,898 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Corient Private Wealth LLC raised its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 36.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,729 shares of the bank’s stock after acquiring an additional 3,898 shares during the quarter. Corient Private Wealth LLC’s holdings in Cullen/Frost Bankers were worth $1,978,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Cullen/Frost Bankers by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank’s stock worth $122,820,000 after purchasing an additional 66,223 shares in the last quarter. Boston Trust Walden Corp increased its holdings in shares of Cullen/Frost Bankers by 9.8% during the fourth quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank’s stock worth $141,270,000 after buying an additional 94,252 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Cullen/Frost Bankers by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 822,432 shares of the bank’s stock valued at $110,418,000 after acquiring an additional 16,223 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Cullen/Frost Bankers by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 611,722 shares of the bank’s stock worth $82,124,000 after acquiring an additional 14,422 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in Cullen/Frost Bankers by 23.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 596,617 shares of the bank’s stock worth $80,096,000 after acquiring an additional 113,757 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insiders Place Their Bets

In related news, insider Paul Bracher sold 11,500 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the sale, the insider now owns 102,946 shares in the company, valued at $14,355,819.70. This represents a 10.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Stock Performance

CFR stock opened at $126.05 on Tuesday. Cullen/Frost Bankers, Inc. has a twelve month low of $94.09 and a twelve month high of $147.64. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. The company has a market cap of $8.10 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 6.46 and a beta of 0.97. The business’s fifty day moving average is $135.70 and its 200-day moving average is $130.68.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share 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%. Equities research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.01%. The ex-dividend date was Friday, February 28th. Cullen/Frost Bankers’s payout ratio is presently 42.84%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CFR. Compass Point lifted their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Evercore ISI lifted their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a report on Monday, February 10th. DA Davidson downgraded shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and upped their price target for the stock from $138.00 to $143.00 in a research report on Monday, February 3rd. Morgan Stanley lowered their price objective on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a research report on Thursday, March 13th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $144.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cullen/Frost Bankers presently has a consensus rating of “Hold” and an average target price of $132.77.

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.