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

Aristotle Capital Management LLC trimmed its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CFR. UMB Bank n.a. lifted its holdings in Cullen/Frost Bankers by 45.8% in the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank's stock worth $33,000 after acquiring an additional 77 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Cullen/Frost Bankers in the third quarter valued at $29,000. Blue Trust Inc. grew its position in shares of Cullen/Frost Bankers by 239.0% during the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank's stock worth $46,000 after acquiring an additional 239 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Cullen/Frost Bankers by 35.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock worth $62,000 after acquiring an additional 120 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in Cullen/Frost Bankers in the 4th quarter worth about $106,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Matthew Bradley Henson purchased 1,870 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were bought at an average cost of $16.93 per share, for a total transaction of $31,659.10. Following the transaction, the chief accounting officer now directly owns 5,545 shares of the company's stock, valued at approximately $93,876.85. This trade represents a 50.88 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.89% of the company's stock.

Cullen/Frost Bankers Stock Up 2.0 %

NYSE:CFR traded up $2.49 during trading hours on Thursday, hitting $125.08. 141,031 shares of the company's stock traded hands, compared to its average volume of 489,146. The firm has a market cap of $8.04 billion, a P/E ratio of 14.10, a P/E/G ratio of 6.46 and a beta of 0.67. Cullen/Frost Bankers, Inc. has a twelve month low of $94.09 and a twelve month high of $147.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The stock's fifty day moving average price is $119.03 and its two-hundred day moving average price is $130.99.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.13. The company had revenue of $560.42 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $2.15 EPS. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $1.00 dividend. This is a positive change from Cullen/Frost Bankers's previous quarterly dividend of $0.95. The ex-dividend date is Friday, May 30th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.20%. Cullen/Frost Bankers's dividend payout ratio (DPR) is currently 43.91%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Stephens upped 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. Evercore ISI raised Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 target price for the company in a research note on Friday, May 2nd. Barclays boosted their price target on shares of Cullen/Frost Bankers from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Royal Bank of Canada dropped 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 report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods raised their target price 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. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $132.14.

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.