Impact Partnership Wealth LLC Makes New Investment in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Impact Partnership Wealth LLC acquired a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,652 shares of the bank’s stock, valued at approximately $625,000.

Other institutional investors also recently modified their holdings of the company. Boston Trust Walden Corp purchased a new stake in Cullen/Frost Bankers during the third quarter valued at about $107,166,000. Vaughan Nelson Investment Management L.P. purchased a new position in Cullen/Frost Bankers during the third quarter valued at $54,012,000. Deprince Race & Zollo Inc. purchased a new position in Cullen/Frost Bankers during the second quarter valued at $37,813,000. The Manufacturers Life Insurance Company lifted its stake in shares of Cullen/Frost Bankers by 117.4% in the third quarter. The Manufacturers Life Insurance Company now owns 568,730 shares of the bank’s stock worth $63,618,000 after buying an additional 307,129 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Cullen/Frost Bankers by 234.5% in the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank’s stock worth $48,814,000 after purchasing an additional 305,921 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Stock Up 0.1 %

Shares of CFR opened at $140.33 on Friday. The firm has a fifty day moving average price of $137.78 and a 200-day moving average price of $123.05. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $9.00 billion, a P/E ratio of 17.41, a P/E/G ratio of 1.73 and a beta of 1.00. 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 issued its earnings results on Thursday, October 31st. The bank reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.07. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. The company had revenue of $518.04 million for the quarter, compared to analysts’ expectations of $517.25 million. During the same period in the prior year, the business earned $2.38 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.76 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.80 annualized dividend and a yield of 2.71%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 47.15%.

Insider Activity at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 3,506 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $126.31, for a total value of $442,842.86. Following the completion of the transaction, the executive vice president now owns 26,661 shares in the company, valued at $3,367,550.91. This trade represents a 11.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Phillip D. Green sold 14,358 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the sale, the chief executive officer now owns 94,423 shares in the company, valued at approximately $13,026,597.08. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,864 shares of company stock valued at $2,977,033 in the last three months. 2.89% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CFR has been the subject of several research reports. Stephens boosted their price objective on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Royal Bank of Canada boosted their price objective on shares of Cullen/Frost Bankers from $118.00 to $130.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st. Compass Point raised their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley reduced their price target on Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating for the company in a research report on Monday, September 30th. Finally, Citigroup lifted their price objective on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $127.07.

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.