Bartlett & CO. Wealth Management LLC Increases Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Bartlett & CO. Wealth Management LLC boosted its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 371,748 shares of the bank's stock after buying an additional 5,157 shares during the quarter. Bartlett & CO. Wealth Management LLC owned approximately 0.58% of Cullen/Frost Bankers worth $46,543,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CFR. Arizona State Retirement System lifted its stake in shares of Cullen/Frost Bankers by 0.4% in the fourth quarter. Arizona State Retirement System now owns 17,651 shares of the bank's stock worth $2,370,000 after buying an additional 74 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Cullen/Frost Bankers by 4.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,086 shares of the bank's stock valued at $280,000 after acquiring an additional 86 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Cullen/Frost Bankers by 0.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,088 shares of the bank's stock valued at $1,757,000 after acquiring an additional 100 shares during the last quarter. Commerce Bank raised its holdings in Cullen/Frost Bankers by 0.9% in the 4th quarter. Commerce Bank now owns 12,536 shares of the bank's stock valued at $1,683,000 after acquiring an additional 116 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in 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 purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CFR shares. Morgan Stanley dropped their price target on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a research report on Thursday, March 13th. Royal Bank Of Canada lowered their price objective on 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. Jefferies Financial Group began coverage on Cullen/Frost Bankers in a report on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 target price for the company. Barclays lifted their price target on 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, Stephens boosted their price target on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $132.08.

Insiders Place Their Bets

In other news, CAO Matthew Bradley Henson purchased 1,870 shares of the stock in a transaction on Friday, May 2nd. The stock was bought at an average price of $16.93 per share, for a total transaction of $31,659.10. Following the acquisition, the chief accounting officer now directly owns 5,545 shares of the company's stock, valued at approximately $93,876.85. The trade was a 50.88% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.89% of the stock is owned by company insiders.

Cullen/Frost Bankers Trading Down 0.4%

Shares of CFR traded down $0.48 during trading on Monday, reaching $128.45. 147,637 shares of the company traded hands, compared to its average volume of 441,627. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.06. The stock has a 50-day simple moving average of $125.01 and a 200-day simple moving average of $128.73. Cullen/Frost Bankers, Inc. has a twelve month low of $96.93 and a twelve month high of $147.64. The stock has a market cap of $8.26 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 4.91 and a beta of 0.68.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.17 by $0.13. Cullen/Frost Bankers had a net margin of 20.89% and a return on equity of 15.70%. The company had revenue of $560.42 million for the quarter, compared to analyst estimates of $540.57 million. During the same period in the prior year, the business earned $2.15 EPS. On average, analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $1.00 per share. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Friday, May 30th. This represents a $4.00 annualized dividend and a yield of 3.11%. Cullen/Frost Bankers's dividend payout ratio is 43.91%.

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.