King Luther Capital Management Corp Buys 1,574 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

King Luther Capital Management Corp increased its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 0.1% in the 4th quarter, Holdings Channel reports. The fund owned 1,556,133 shares of the bank’s stock after buying an additional 1,574 shares during the quarter. Cullen/Frost Bankers accounts for about 0.9% of King Luther Capital Management Corp’s investment portfolio, making the stock its 29th biggest position. King Luther Capital Management Corp’s holdings in Cullen/Frost Bankers were worth $208,911,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CFR. Vaughan Nelson Investment Management L.P. bought a new position in shares of Cullen/Frost Bankers in the 3rd quarter worth about $54,012,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Cullen/Frost Bankers by 117.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 568,730 shares of the bank’s stock valued at $63,618,000 after acquiring an additional 307,129 shares during the last quarter. Barclays PLC boosted its holdings in shares of Cullen/Frost Bankers by 234.5% during the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank’s stock valued at $48,814,000 after acquiring an additional 305,921 shares during the last quarter. Strategic Financial Concepts LLC grew its position in Cullen/Frost Bankers by 13,334.7% during the fourth quarter. Strategic Financial Concepts LLC now owns 281,860 shares of the bank’s stock valued at $37,840,000 after buying an additional 279,762 shares during the period. Finally, Champlain Investment Partners LLC grew its position in Cullen/Frost Bankers by 7.7% during the third quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank’s stock valued at $381,897,000 after buying an additional 244,445 shares during the period. 86.90% of the stock is currently owned by institutional investors.

Insider Activity 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 shares were sold at an average price of $139.45, for a total value 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. This represents a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.89% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CFR. Evercore ISI boosted their target price on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company 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. DA Davidson lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their target price for the company from $138.00 to $143.00 in a research report on Monday, February 3rd. Keefe, Bruyette & Woods boosted 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. Finally, Compass Point boosted their target price 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. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Cullen/Frost Bankers presently has a consensus rating of “Hold” and a consensus price target of $132.54.

Cullen/Frost Bankers Price Performance

CFR stock opened at $126.65 on Tuesday. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64. The company’s fifty day moving average price is $138.14 and its 200-day moving average price is $129.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $8.14 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 6.46 and a beta of 0.97.

Cullen/Frost Bankers (NYSE:CFR) last released 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 analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Friday, February 28th. Cullen/Frost Bankers’s payout ratio is 42.84%.

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.