Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by New England Research & Management Inc.

New England Research & Management Inc. lessened its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 79.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,775 shares of the bank’s stock after selling 6,750 shares during the period. New England Research & Management Inc.’s holdings in Cullen/Frost Bankers were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Champlain Investment Partners LLC boosted its stake in Cullen/Frost Bankers by 7.7% in the third quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank’s stock valued at $381,897,000 after acquiring an additional 244,445 shares in the last quarter. Montrusco Bolton Investments Inc. boosted its stake in shares of Cullen/Frost Bankers by 10.2% during the third quarter. Montrusco Bolton Investments Inc. now owns 1,209,122 shares of the bank’s stock worth $135,252,000 after buying an additional 111,719 shares during the period. Geode Capital Management LLC boosted its stake in shares of Cullen/Frost Bankers by 6.4% during the third quarter. Geode Capital Management LLC now owns 1,097,697 shares of the bank’s stock worth $122,820,000 after buying an additional 66,223 shares during the period. Boston Trust Walden Corp acquired a new stake in shares of Cullen/Frost Bankers during the third quarter worth about $107,166,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Cullen/Frost Bankers by 3.3% during the third quarter. Principal Financial Group Inc. now owns 806,209 shares of the bank’s stock worth $90,185,000 after buying an additional 25,909 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Down 0.9 %

Cullen/Frost Bankers stock opened at $139.02 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64. The stock’s fifty day moving average is $137.92 and its two-hundred day moving average is $124.43.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, October 31st. The bank reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.07. The company had revenue of $518.04 million for the quarter, compared to analyst estimates of $517.25 million. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. Cullen/Frost Bankers’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.38 earnings per share. Analysts predict that Cullen/Frost Bankers, Inc. will post 8.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a research note on Monday, November 4th. Royal Bank of Canada increased their target price on shares of Cullen/Frost Bankers from $118.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. Maxim Group increased their target price on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Stephens increased their price target on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Evercore ISI lowered their price objective on Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating on the stock in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $127.92.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, EVP Howard L. Kasanoff sold 4,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $138.34, for a total transaction of $553,360.00. Following the sale, the executive vice president now owns 2,888 shares of the company’s stock, valued at $399,525.92. This trade represents a 58.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Phillip D. Green sold 14,358 shares of the stock in a transaction on 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 directly 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. Over the last 90 days, insiders have sold 21,864 shares of company stock valued at $2,977,033. Insiders own 2.89% of the company’s stock.

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.