Brevan Howard Capital Management LP Has $688,000 Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Brevan Howard Capital Management LP boosted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 81.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,128 shares of the bank's stock after acquiring an additional 2,299 shares during the quarter. Brevan Howard Capital Management LP's holdings in Cullen/Frost Bankers were worth $688,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC grew its stake in shares of Cullen/Frost Bankers by 234.5% in the third quarter. Barclays PLC now owns 436,393 shares of the bank's stock worth $48,814,000 after acquiring an additional 305,921 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Cullen/Frost Bankers during the third quarter worth $29,000. Franklin Resources Inc. boosted its stake in Cullen/Frost Bankers by 167.8% during the third quarter. Franklin Resources Inc. now owns 7,507 shares of the bank's stock worth $901,000 after buying an additional 4,704 shares in the last quarter. Principal Financial Group Inc. boosted its stake in 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 in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Cullen/Frost Bankers by 21.2% during the fourth quarter. GAMMA Investing LLC now owns 822 shares of the bank's stock worth $110,000 after buying an additional 144 shares in the last quarter. Institutional investors own 86.90% of the company's stock.

Analysts Set New Price Targets

CFR has been the topic of a number of recent research reports. Stephens lifted their price target on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Royal Bank of Canada reduced their target price on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Morgan Stanley reduced their target price on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a research note on Thursday, March 13th. DA Davidson downgraded shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and boosted their target price for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods boosted 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 research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $132.14.

Cullen/Frost Bankers Trading Down 0.6%

Shares of CFR stock traded down $0.74 during trading hours on Wednesday, reaching $129.75. The company had a trading volume of 95,421 shares, compared to its average volume of 464,617. The company has a 50 day moving average of $118.78 and a 200 day moving average of $131.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 6.46 and a beta of 0.67. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.17 by $0.13. The company had revenue of $560.42 million for the quarter, compared to the consensus estimate of $540.57 million. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. During the same quarter in the prior year, the business posted $2.15 EPS. On average, equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.95. Cullen/Frost Bankers's dividend payout ratio is presently 43.91%.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, CAO Matthew Bradley Henson bought 1,870 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average cost of $16.93 per share, with a total value of $31,659.10. Following the purchase, the chief accounting officer now owns 5,545 shares in the company, valued at approximately $93,876.85. This trade represents a 50.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.