Envestnet Portfolio Solutions Inc. Acquires 1,222 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Envestnet Portfolio Solutions Inc. raised its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 42.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,090 shares of the bank’s stock after buying an additional 1,222 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Cullen/Frost Bankers were worth $549,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CFR shares. Morgan Stanley cut 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 report on Thursday, March 13th. Royal Bank of Canada reissued a “sector perform” rating and issued a $144.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Evercore ISI upped their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Compass Point lifted their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods upped their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $132.77.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of the stock in a transaction on 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 directly owns 102,946 shares of the company’s stock, valued at approximately $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.89% of the stock is owned by company insiders.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock opened at $125.30 on Wednesday. The company’s fifty day moving average price is $135.43 and its 200-day moving average price is $130.81. The stock has a market cap of $8.05 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 6.46 and a beta of 0.97. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data 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 analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Friday, February 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 42.84%.

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.