Securian Asset Management Inc. Has $651,000 Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Securian Asset Management Inc. cut its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,848 shares of the bank’s stock after selling 130 shares during the quarter. Securian Asset Management Inc.’s holdings in Cullen/Frost Bankers were worth $651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System boosted its holdings in Cullen/Frost Bankers by 0.4% during the fourth quarter. Arizona State Retirement System now owns 17,651 shares of the bank’s stock worth $2,370,000 after purchasing an additional 74 shares during the last quarter. Ballentine Partners LLC boosted its holdings in Cullen/Frost Bankers by 3.7% during the fourth quarter. Ballentine Partners LLC now owns 2,164 shares of the bank’s stock worth $291,000 after purchasing an additional 77 shares during the last quarter. UMB Bank n.a. boosted its holdings in 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 purchasing an additional 77 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in Cullen/Frost Bankers by 4.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank’s stock worth $294,000 after purchasing an additional 89 shares during the last quarter. Finally, First Dallas Securities Inc. boosted its holdings in Cullen/Frost Bankers by 2.5% during the fourth quarter. First Dallas Securities Inc. now owns 4,028 shares of the bank’s stock worth $541,000 after purchasing an additional 100 shares during the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on CFR shares. Keefe, Bruyette & Woods boosted their price target on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a 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 on the stock in a research report on Thursday. Compass Point lifted their price objective on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Finally, Evercore ISI lifted their price objective on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $132.77.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the stock in a transaction that occurred 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 sale, the insider now directly 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $122.64 on Monday. The company’s 50 day moving average is $137.03 and its 200-day moving average is $130.17. Cullen/Frost Bankers, Inc. has a 12-month low of $94.09 and a 12-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 firm has a market cap of $7.88 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 6.46 and a beta of 0.97.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. Sell-side analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share 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 3.10%. The ex-dividend date was Friday, February 28th. Cullen/Frost Bankers’s dividend payout ratio is presently 42.84%.

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.