WealthPLAN Partners LLC Cuts Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

WealthPLAN Partners LLC lowered its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,977 shares of the bank’s stock after selling 3,069 shares during the quarter. WealthPLAN Partners LLC owned 0.06% of Cullen/Frost Bankers worth $4,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd increased its holdings in Cullen/Frost Bankers by 169.9% in the third quarter. Covestor Ltd now owns 224 shares of the bank’s stock valued at $25,000 after buying an additional 141 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Cullen/Frost Bankers in the third quarter valued at $29,000. Asset Dedication LLC increased its holdings in Cullen/Frost Bankers by 63.3% in the third quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock valued at $30,000 after buying an additional 105 shares during the last quarter. UMB Bank n.a. increased its holdings in Cullen/Frost Bankers by 45.8% in the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock valued at $33,000 after buying an additional 77 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Cullen/Frost Bankers during the third quarter worth about $44,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Insider Activity

In other news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the completion of the sale, the insider now directly owns 102,946 shares in the company, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phillip D. Green sold 14,358 shares of Cullen/Frost Bankers stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total transaction of $1,980,829.68. Following the sale, the chief executive officer now owns 94,423 shares of the company’s stock, valued at approximately $13,026,597.08. The trade was a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Price Performance

Shares of NYSE:CFR opened at $143.53 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06. The company has a market cap of $9.20 billion, a P/E ratio of 16.18, a PEG ratio of 6.52 and a beta of 0.99. Cullen/Frost Bankers, Inc. has a 52 week low of $94.09 and a 52 week high of $147.64. The company has a 50-day moving average price of $137.84 and a 200 day moving average price of $126.54.

Cullen/Frost Bankers (NYSE:CFR) last announced 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 net margin of 18.81% and a return on equity of 16.04%. Research analysts predict that Cullen/Frost Bankers, Inc. will post 8.69 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.65%. Cullen/Frost Bankers’s payout ratio is 42.84%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CFR. Compass Point raised their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods raised their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Stephens raised their price objective on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $144.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Finally, Evercore ISI raised their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $132.54.

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.