Lido Advisors LLC Purchases 11,341 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Lido Advisors LLC raised its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,153 shares of the bank’s stock after buying an additional 11,341 shares during the quarter. Lido Advisors LLC’s holdings in Cullen/Frost Bankers were worth $18,279,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CFR. Norges Bank purchased a new position in shares of Cullen/Frost Bankers in the fourth quarter valued at $69,591,000. Madison Investment Advisors LLC purchased a new position in shares of Cullen/Frost Bankers in the fourth quarter valued at $46,223,000. 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 in the last quarter. 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 in the last quarter. Finally, Northern Trust Corp grew its position in shares of Cullen/Frost Bankers by 33.7% in the fourth quarter. Northern Trust Corp now owns 973,576 shares of the bank’s stock valued at $130,703,000 after purchasing an additional 245,458 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Stock Up 1.2 %

Shares of NYSE CFR opened at $116.71 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 52 week low of $94.09 and a 52 week high of $147.64. The firm’s fifty day moving average is $121.41 and its 200 day moving average is $131.17. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 6.46 and a beta of 0.82.

Cullen/Frost Bankers (NYSE:CFR) last issued 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%. On average, equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Wall Street Analyst Weigh In

CFR has been the subject of several recent research reports. Barclays started coverage on Cullen/Frost Bankers in a research report on Tuesday, April 1st. They issued an “equal weight” rating and a $130.00 price target for the company. Evercore ISI boosted their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th. Royal Bank of Canada restated a “sector perform” rating and set a $144.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Keefe, Bruyette & Woods upped their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Finally, Morgan Stanley cut their price objective 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. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Cullen/Frost Bankers has a consensus rating of “Hold” and an average target price of $132.57.

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 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 transaction, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.89% of the stock is owned by insiders.

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.