American Century Companies Inc. Grows Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

American Century Companies Inc. boosted its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 2.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 71,366 shares of the bank’s stock after acquiring an additional 1,717 shares during the period. American Century Companies Inc.’s holdings in Cullen/Frost Bankers were worth $9,581,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Madison Investment Advisors LLC acquired a new stake in Cullen/Frost Bankers in the fourth quarter valued at $46,223,000. Barclays PLC raised its position 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 worth $48,814,000 after acquiring an additional 305,921 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake 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 worth $37,840,000 after purchasing an additional 279,762 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Cullen/Frost Bankers in the fourth quarter valued at approximately $21,181,000. Finally, Impax Asset Management Group plc purchased a new position in Cullen/Frost Bankers in the fourth quarter valued at approximately $15,439,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Transactions at Cullen/Frost Bankers

In related news, insider Paul Bracher sold 11,500 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the transaction, the insider now owns 102,946 shares in the company, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.

Cullen/Frost Bankers Price Performance

Cullen/Frost Bankers stock opened at $124.42 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $8.00 billion, a P/E ratio of 14.03, a PEG ratio of 6.46 and a beta of 0.82. The business has a 50-day moving average of $133.35 and a 200-day moving average of $131.37. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share (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, equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, February 28th. Cullen/Frost Bankers’s payout ratio is 42.84%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Compass Point raised their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 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. 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 report on Monday, February 3rd. Evercore ISI increased their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. Finally, DA Davidson lowered shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Four analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $132.57.

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.