Choreo LLC Grows Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Choreo LLC increased its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 192.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,026 shares of the bank’s stock after buying an additional 4,626 shares during the period. Choreo LLC’s holdings in Cullen/Frost Bankers were worth $946,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC boosted its holdings in Cullen/Frost Bankers by 7.7% in the third quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank’s stock worth $381,897,000 after acquiring an additional 244,445 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its stake in Cullen/Frost Bankers by 10.2% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,209,122 shares of the bank’s stock worth $135,252,000 after purchasing an additional 111,719 shares in the last quarter. Geode Capital Management LLC grew its position in 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 valued at $122,820,000 after purchasing an additional 66,223 shares during the last quarter. Boston Trust Walden Corp increased its stake in Cullen/Frost Bankers by 9.8% during the 4th quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank’s stock valued at $141,270,000 after purchasing an additional 94,252 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Cullen/Frost Bankers by 3.3% in the third quarter. Principal Financial Group Inc. now owns 806,209 shares of the bank’s stock worth $90,185,000 after buying an additional 25,909 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Down 0.3 %

CFR opened at $140.68 on Monday. The firm’s 50 day simple moving average is $137.57 and its two-hundred day simple moving average is $125.83. The company has a market capitalization of $9.02 billion, a PE ratio of 15.86, a PEG ratio of 6.52 and a beta of 0.99. 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 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 16.04% and a net margin of 18.81%. As a group, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.69 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.95 per share. The ex-dividend date is Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.70%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 42.84%.

Insider Buying and Selling

In other news, CEO Phillip D. Green sold 14,358 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total value of $1,980,829.68. Following the completion of the transaction, the chief executive officer now owns 94,423 shares of the company’s stock, valued at $13,026,597.08. This represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul Bracher sold 11,500 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following 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 position. The disclosure for this sale can be found here. 2.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

CFR has been the subject of several analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $144.00 price target on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. DA Davidson lowered Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $138.00 to $143.00 in a report on Monday, February 3rd. Citigroup upped their price target on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a report on Monday, November 4th. Stephens lifted their price objective on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Compass Point upped their target price on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $130.31.

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.