Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 23.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 276,550 shares of the bank’s stock after buying an additional 52,895 shares during the quarter. Natixis Advisors LLC owned 0.43% of Cullen/Frost Bankers worth $37,127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CFR. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Cullen/Frost Bankers in the third quarter valued at approximately $54,012,000. Madison Investment Advisors LLC acquired a new stake in shares of Cullen/Frost Bankers in the fourth quarter valued at approximately $46,223,000. The Manufacturers Life Insurance Company grew its position in shares of Cullen/Frost Bankers by 117.4% in the third quarter. The Manufacturers Life Insurance Company now owns 568,730 shares of the bank’s stock valued at $63,618,000 after purchasing an additional 307,129 shares during the last quarter. Barclays PLC grew its position in shares of Cullen/Frost Bankers by 234.5% in the third quarter. Barclays PLC now owns 436,393 shares of the bank’s stock valued at $48,814,000 after purchasing an additional 305,921 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its position in shares of Cullen/Frost Bankers by 13,334.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 281,860 shares of the bank’s stock valued at $37,840,000 after purchasing an additional 279,762 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Paul Bracher sold 11,500 shares of the firm’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 transaction, the insider now owns 102,946 shares of the company’s stock, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $122.64 on Monday. 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 $7.88 billion, a P/E ratio of 13.83, a P/E/G ratio of 6.46 and a beta of 0.97. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64. The firm’s 50 day moving average is $137.03 and its two-hundred day moving average is $130.17.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. Analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CFR. DA Davidson lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and increased their price target for the company from $138.00 to $143.00 in a research report on Monday, February 3rd. Morgan Stanley lowered their price target 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 increased their price target on shares of 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 upped their price objective 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Four 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $132.77.

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.