Swiss National Bank Has $16.06 Million Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Swiss National Bank lifted its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 0.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 119,600 shares of the bank’s stock after acquiring an additional 400 shares during the period. Swiss National Bank’s holdings in Cullen/Frost Bankers were worth $16,056,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Cullen/Frost Bankers during the third quarter worth $29,000. UMB Bank n.a. lifted its holdings 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 worth $33,000 after buying an additional 77 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Cullen/Frost Bankers during the third quarter worth $44,000. Blue Trust Inc. lifted its holdings in shares of Cullen/Frost Bankers by 239.0% during the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank’s stock worth $46,000 after buying an additional 239 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Cullen/Frost Bankers by 134.2% during the third quarter. Quarry LP now owns 541 shares of the bank’s stock worth $61,000 after buying an additional 310 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Ratings Changes

CFR has been the topic of a number of recent analyst reports. Evercore ISI raised their price target 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. Morgan Stanley decreased their price target on Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating on the stock in a research report on Thursday, March 13th. Keefe, Bruyette & Woods raised their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Finally, DA Davidson cut Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and raised their price target for the stock from $138.00 to $143.00 in a research report on Monday, February 3rd. Four 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $132.77.

Cullen/Frost Bankers Stock Performance

Cullen/Frost Bankers stock opened at $122.64 on Wednesday. Cullen/Frost Bankers, Inc. has a 12-month low of $94.09 and a 12-month high of $147.64. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $136.57 and its two-hundred day moving average price is $130.33. The stock has a market cap of $7.88 billion, a PE ratio of 13.83, a P/E/G ratio of 6.46 and a beta of 0.97.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. As a group, analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Friday, February 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 42.84%.

Insider Transactions at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of the business’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 sale, the insider now directly owns 102,946 shares in the company, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers 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.