Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. decreased its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 28.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,038 shares of the bank’s stock after selling 1,194 shares during the period. Atria Wealth Solutions Inc.’s holdings in Cullen/Frost Bankers were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CFR. Champlain Investment Partners LLC boosted its stake in Cullen/Frost Bankers by 7.7% in the 3rd quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank’s stock worth $381,897,000 after purchasing an additional 244,445 shares during the period. Montrusco Bolton Investments Inc. increased its position 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 during the last quarter. Geode Capital Management LLC increased its holdings in Cullen/Frost Bankers by 6.4% in the third quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank’s stock worth $122,820,000 after buying an additional 66,223 shares during the last quarter. Boston Trust Walden Corp increased its stake in shares of 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 worth $141,270,000 after purchasing an additional 94,252 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Cullen/Frost Bankers by 2.0% during the fourth quarter. Principal Financial Group Inc. now owns 822,432 shares of the bank’s stock valued at $110,418,000 after buying an additional 16,223 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Stock Up 0.5 %

Shares of NYSE:CFR opened at $136.41 on Friday. 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 stock has a market cap of $8.76 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 6.46 and a beta of 0.99. The company has a 50 day moving average of $138.47 and a 200-day moving average of $128.41. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64.

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

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.95 per share. The ex-dividend date is Friday, February 28th. This represents a $3.80 annualized dividend and a yield of 2.79%. Cullen/Frost Bankers’s dividend payout ratio is presently 42.84%.

Insider Activity

In other news, insider Paul Bracher sold 11,500 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the completion of the transaction, the insider now directly owns 102,946 shares of the company’s stock, valued at $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.89% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stephens lifted their price target on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Maxim Group raised their price objective on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods lifted their target price on shares of 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. Evercore ISI boosted their price target on 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, Compass Point upped their price objective on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Four 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $132.54.

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.