Xponance Inc. Acquires 399 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Xponance Inc. grew its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,094 shares of the bank’s stock after buying an additional 399 shares during the quarter. Xponance Inc.’s holdings in Cullen/Frost Bankers were worth $952,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Madison Investment Advisors LLC bought a new stake in Cullen/Frost Bankers during the fourth quarter worth about $46,223,000. The Manufacturers Life Insurance Company raised its stake in shares of Cullen/Frost Bankers by 117.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 568,730 shares of the bank’s stock worth $63,618,000 after purchasing an additional 307,129 shares in the last quarter. Barclays PLC boosted its holdings in shares of Cullen/Frost Bankers by 234.5% in the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank’s stock valued at $48,814,000 after buying an additional 305,921 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of Cullen/Frost Bankers by 13,334.7% in the 4th quarter. Strategic Financial Concepts LLC now owns 281,860 shares of the bank’s stock valued at $37,840,000 after buying an additional 279,762 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Cullen/Frost Bankers in the fourth quarter valued at $21,181,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CFR has been the subject of a number of recent analyst reports. Evercore ISI increased their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. Morgan Stanley reduced their price target on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a report on Thursday, March 13th. DA Davidson lowered Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and upped their price objective for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. 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, Compass Point boosted their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Cullen/Frost Bankers presently has an average rating of “Hold” and a consensus target price of $132.77.

Cullen/Frost Bankers Price Performance

NYSE:CFR opened at $122.55 on Monday. Cullen/Frost Bankers, Inc. has a 52 week low of $94.09 and a 52 week high of $147.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The firm’s 50-day simple moving average is $135.87 and its 200 day simple moving average is $130.56. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 6.46 and a beta of 0.97.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 30th. The bank reported $2.36 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%. As a group, sell-side analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.95 per share. The ex-dividend date was Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.10%. Cullen/Frost Bankers’s payout ratio is 42.84%.

Insider Buying and Selling

In related news, insider Paul Bracher sold 11,500 shares of the company’s stock in a transaction dated 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 $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.89% of the stock is owned by company insiders.

About Cullen/Frost Bankers

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.