Dimensional Fund Advisors LP Purchases 6,159 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Dimensional Fund Advisors LP raised its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,026,585 shares of the bank's stock after purchasing an additional 6,159 shares during the period. Dimensional Fund Advisors LP owned 1.60% of Cullen/Frost Bankers worth $137,823,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CFR. First Trust Advisors LP lifted its stake in shares of Cullen/Frost Bankers by 28.9% in the fourth quarter. First Trust Advisors LP now owns 143,614 shares of the bank's stock worth $19,280,000 after buying an additional 32,203 shares in the last quarter. Forum Financial Management LP bought a new position in Cullen/Frost Bankers in the 4th quarter valued at approximately $298,000. Commerce Bank boosted its stake in Cullen/Frost Bankers by 0.9% during the 4th quarter. Commerce Bank now owns 12,536 shares of the bank's stock valued at $1,683,000 after purchasing an additional 116 shares during the last quarter. Alpha DNA Investment Management LLC boosted its stake in Cullen/Frost Bankers by 6.6% during the 4th quarter. Alpha DNA Investment Management LLC now owns 6,738 shares of the bank's stock valued at $905,000 after purchasing an additional 416 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Cullen/Frost Bankers by 690.1% in the 4th quarter. NewEdge Advisors LLC now owns 2,797 shares of the bank's stock worth $376,000 after purchasing an additional 2,443 shares in the last quarter. 86.90% of the stock is owned by institutional investors.

Cullen/Frost Bankers Price Performance

Shares of CFR stock traded up $2.35 on Thursday, hitting $118.82. 176,480 shares of the stock traded hands, compared to its average volume of 462,699. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 6.46 and a beta of 0.82. 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 50 day simple moving average of $120.44 and a two-hundred day simple moving average of $130.97. Cullen/Frost Bankers, Inc. has a 52 week low of $94.09 and a 52 week high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 EPS for the quarter, beating the consensus estimate of $2.13 by $0.17. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. As a group, equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CFR shares. Barclays initiated coverage on shares of Cullen/Frost Bankers in a report on Tuesday, April 1st. They set an "equal weight" rating and a $130.00 price objective for the company. Keefe, Bruyette & Woods increased their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a report on Monday, February 3rd. Morgan Stanley cut their price objective on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a report on Thursday, March 13th. Evercore ISI increased their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a report on Monday, February 10th. Finally, DA Davidson downgraded Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and boosted their price target for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers has an average rating of "Hold" and an average price target of $132.57.

Insiders Place Their Bets

In other news, insider Paul Bracher sold 11,500 shares of the business's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the transaction, the insider now owns 102,946 shares of the company's stock, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.89% of the stock is currently owned by corporate insiders.

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.