Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 301.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,540 shares of the bank's stock after buying an additional 7,162 shares during the quarter. Tower Research Capital LLC TRC's holdings in Cullen/Frost Bankers were worth $1,281,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CFR. Norges Bank acquired a new position in shares of Cullen/Frost Bankers during the fourth quarter valued at approximately $69,591,000. Madison Investment Advisors LLC acquired a new stake in Cullen/Frost Bankers during the fourth quarter worth about $46,223,000. Barclays PLC raised its stake in Cullen/Frost Bankers by 234.5% during the third quarter. Barclays PLC now owns 436,393 shares of the bank's stock worth $48,814,000 after purchasing an additional 305,921 shares during the period. Strategic Financial Concepts LLC boosted its holdings in Cullen/Frost Bankers by 13,334.7% in the 4th quarter. Strategic Financial Concepts LLC now owns 281,860 shares of the bank's stock valued at $37,840,000 after purchasing an additional 279,762 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Cullen/Frost Bankers in the 4th quarter valued at approximately $21,181,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Paul Bracher sold 11,500 shares of the stock in a transaction on Friday, January 31st. The stock was 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 of the company's stock, valued at $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 available through this link. Corporate insiders own 2.89% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CFR. Royal Bank of Canada reiterated a "sector perform" rating and set a $144.00 price target on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Keefe, Bruyette & Woods upped their price objective on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Morgan Stanley cut their target price on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a research report on Thursday, March 13th. Barclays began coverage on Cullen/Frost Bankers in a research note on Tuesday, April 1st. They issued an "equal weight" rating and a $130.00 price objective for the company. Finally, DA Davidson cut Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and raised their target price for the company from $138.00 to $143.00 in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of "Hold" and a consensus target price of $132.57.

Cullen/Frost Bankers Stock Up 0.3 %

Cullen/Frost Bankers stock traded up $0.38 during midday trading on Tuesday, reaching $117.15. The company's stock had a trading volume of 90,021 shares, compared to its average volume of 461,765. The business has a 50-day simple moving average of $121.41 and a 200-day simple moving average of $131.17. The company has a market cap of $7.53 billion, a P/E ratio of 13.21, a P/E/G ratio of 6.46 and a beta of 0.82. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly 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, research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

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.