Meiji Yasuda Asset Management Co Ltd. Invests $211,000 in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,575 shares of the bank’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. UMB Bank n.a. grew its position in Cullen/Frost Bankers by 45.8% during the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock worth $33,000 after acquiring an additional 77 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Cullen/Frost Bankers during the 3rd quarter worth approximately $29,000. Blue Trust Inc. boosted its position in Cullen/Frost Bankers by 239.0% during the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock valued at $46,000 after acquiring an additional 239 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Cullen/Frost Bankers during the 3rd quarter valued at about $44,000. Finally, Quarry LP grew its position in shares of Cullen/Frost Bankers by 134.2% during the 3rd quarter. Quarry LP now owns 541 shares of the bank’s stock worth $61,000 after buying an additional 310 shares during the period. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Stock Up 0.6 %

Shares of CFR opened at $124.42 on Friday. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year high of $147.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. The business’s 50 day simple moving average is $134.41 and its 200-day simple moving average is $130.83. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 6.46 and a beta of 0.97.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data 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%. As a group, equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Friday, February 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 42.84%.

Insider Buying and Selling

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now owns 102,946 shares of the company’s stock, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.89% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Evercore ISI boosted their target price 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. Keefe, Bruyette & Woods raised their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. Compass Point lifted their price target on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Royal Bank of Canada restated a “sector perform” rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Finally, DA Davidson downgraded Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and increased their target price for the stock from $138.00 to $143.00 in a research report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Cullen/Frost Bankers presently has an average rating of “Hold” and an average price target of $132.77.

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.