Aristotle Capital Management LLC Has $777.85 Million Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Aristotle Capital Management LLC lessened its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,794,069 shares of the bank's stock after selling 82,854 shares during the period. Aristotle Capital Management LLC owned 9.03% of Cullen/Frost Bankers worth $777,854,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC raised its holdings in Cullen/Frost Bankers by 30.3% in the 3rd quarter. Tidal Investments LLC now owns 18,689 shares of the bank's stock worth $2,091,000 after acquiring an additional 4,348 shares during the period. HighTower Advisors LLC lifted its stake in Cullen/Frost Bankers by 8.3% during the fourth quarter. HighTower Advisors LLC now owns 13,083 shares of the bank's stock worth $1,756,000 after purchasing an additional 1,003 shares during the period. Barclays PLC boosted its holdings in Cullen/Frost Bankers by 234.5% during the third quarter. Barclays PLC now owns 436,393 shares of the bank's stock valued at $48,814,000 after purchasing an additional 305,921 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Cullen/Frost Bankers in the 4th quarter valued at approximately $389,000. Finally, Franklin Resources Inc. raised its holdings in shares of Cullen/Frost Bankers by 167.8% in the 3rd 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. 86.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Matthew Bradley Henson bought 1,870 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were bought at an average price of $16.93 per share, with a total value of $31,659.10. Following the completion of the transaction, the chief accounting officer now owns 5,545 shares of the company's stock, valued at $93,876.85. This trade represents a 50.88 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.89% of the stock is owned by insiders.

Cullen/Frost Bankers Stock Up 0.1 %

Shares of CFR traded up $0.12 during midday trading on Wednesday, hitting $122.51. The stock had a trading volume of 252,374 shares, compared to its average volume of 463,954. 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 $7.88 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 6.46 and a beta of 0.67. The company has a 50 day simple moving average of $119.32 and a two-hundred day simple moving average of $131.05. Cullen/Frost Bankers, Inc. has a twelve month low of $94.09 and a twelve month high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.17 by $0.13. The firm had revenue of $560.42 million during 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 firm posted $2.15 EPS. On average, 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. Investors of record on Friday, May 30th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This is a boost from Cullen/Frost Bankers's previous quarterly dividend of $0.95. This represents a $4.00 annualized dividend and a dividend yield of 3.27%. Cullen/Frost Bankers's dividend payout ratio (DPR) is currently 41.71%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Keefe, Bruyette & Woods boosted their price target on 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. DA Davidson cut shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and increased their target price for the stock from $138.00 to $143.00 in a research report on Monday, February 3rd. Morgan Stanley reduced their price target on shares of 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 raised their price objective on shares of Cullen/Frost Bankers from $130.00 to $135.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Finally, Royal Bank of Canada reduced their target price on Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. 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 stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $132.14.

Cullen/Frost Bankers Company 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.