Bartlett & CO. Wealth Management LLC Has $46.54 Million Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 1.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 371,748 shares of the bank's stock after purchasing an additional 5,157 shares during the quarter. Bartlett & CO. Wealth Management LLC owned 0.58% of Cullen/Frost Bankers worth $46,543,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Cullen/Frost Bankers by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank's stock worth $855,884,000 after acquiring an additional 66,243 shares during the period. Boston Trust Walden Corp grew its holdings in shares of Cullen/Frost Bankers by 5.7% during the 1st quarter. Boston Trust Walden Corp now owns 1,112,477 shares of the bank's stock worth $139,282,000 after purchasing an additional 60,187 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Cullen/Frost Bankers by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,026,585 shares of the bank's stock worth $137,823,000 after purchasing an additional 6,159 shares during the period. GAMMA Investing LLC increased its position in shares of Cullen/Frost Bankers by 122,282.2% in the first quarter. GAMMA Investing LLC now owns 1,005,982 shares of the bank's stock worth $125,949,000 after purchasing an additional 1,005,160 shares during the period. Finally, Northern Trust Corp raised its stake in Cullen/Frost Bankers by 33.7% in the fourth quarter. Northern Trust Corp now owns 973,576 shares of the bank's stock valued at $130,703,000 after purchasing an additional 245,458 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Matthew Bradley Henson acquired 1,870 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average cost of $16.93 per share, for a total transaction of $31,659.10. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 2.89% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CFR shares. Royal Bank Of Canada reduced their price objective on shares of 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. Evercore ISI raised shares of Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price target for the company in a report on Friday, May 2nd. Jefferies Financial Group started coverage on shares of Cullen/Frost Bankers in a research note on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 price objective on the stock. Stephens boosted their price objective 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. Finally, Morgan Stanley reduced their target price on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a report on Thursday, March 13th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $131.93.

Cullen/Frost Bankers Price Performance

Shares of CFR traded up $0.21 during trading hours on Friday, reaching $128.95. The stock had a trading volume of 461,676 shares, compared to its average volume of 458,740. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64. Cullen/Frost Bankers, Inc. has a 12 month low of $96.94 and a 12 month high of $147.64. The stock has a market capitalization of $8.29 billion, a PE ratio of 14.15, a PEG ratio of 4.84 and a beta of 0.68. The company's 50-day moving average is $124.66 and its two-hundred day moving average is $128.92.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its earnings results on Thursday, May 1st. The bank reported $2.30 EPS for the quarter, beating the consensus estimate of $2.17 by $0.13. Cullen/Frost Bankers had a return on equity of 15.70% and a net margin of 20.89%. The firm had revenue of $560.42 million during the quarter, compared to the consensus estimate of $540.57 million. During the same period last year, the company earned $2.15 earnings per share. Research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Friday, May 30th. This is a positive change from Cullen/Frost Bankers's previous quarterly dividend of $0.95. Cullen/Frost Bankers's dividend payout ratio (DPR) is 43.91%.

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.