Cullen/Frost Bankers, Inc. $CFR Position Trimmed by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. decreased its stake in Cullen/Frost Bankers by 0.4%, owning 553,118 shares after selling 2,026 shares, valued at $69.25 million.
• Recent analyst ratings on CFR show a mix of sentiment, with a consensus rating of "Hold" and a consensus price target of $133.71.
• Cullen/Frost Bankers announced a quarterly dividend of $1.00 per share, indicating an annualized yield of 3.2% and a payout ratio of 43.06%.

Charles Schwab Investment Management Inc. reduced its position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 0.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 553,118 shares of the bank's stock after selling 2,026 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.86% of Cullen/Frost Bankers worth $69,250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CFR. Boston Trust Walden Corp increased its holdings in shares of Cullen/Frost Bankers by 5.7% in the 1st quarter. Boston Trust Walden Corp now owns 1,112,477 shares of the bank's stock valued at $139,282,000 after acquiring an additional 60,187 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Cullen/Frost Bankers by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,026,585 shares of the bank's stock valued at $137,823,000 after purchasing an additional 6,159 shares during the last quarter. GAMMA Investing LLC increased its stake in Cullen/Frost Bankers by 122,282.2% during the first quarter. GAMMA Investing LLC now owns 1,005,982 shares of the bank's stock valued at $125,949,000 after purchasing an additional 1,005,160 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Cullen/Frost Bankers by 33.7% during the fourth quarter. Northern Trust Corp now owns 973,576 shares of the bank's stock worth $130,703,000 after purchasing an additional 245,458 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Cullen/Frost Bankers by 19.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 711,527 shares of the bank's stock worth $89,083,000 after buying an additional 114,910 shares during the last quarter. 86.90% of the stock is owned by institutional investors.

Cullen/Frost Bankers Price Performance

Shares of CFR stock traded down $0.02 during midday trading on Tuesday, reaching $126.17. 34,988 shares of the company were exchanged, compared to its average volume of 439,401. The company's 50 day moving average price is $130.10 and its two-hundred day moving average price is $127.38. The company has a market cap of $8.12 billion, a P/E ratio of 13.61, a PEG ratio of 2.62 and a beta of 0.70. Cullen/Frost Bankers, Inc. has a 12 month low of $100.31 and a 12 month high of $147.64. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its earnings results on Thursday, July 31st. The bank reported $2.39 EPS for the quarter, topping the consensus estimate of $2.28 by $0.11. The firm had revenue of $567.83 million for the quarter, compared to analysts' expectations of $552.04 million. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%. During the same quarter in the previous year, the company earned $2.21 earnings per share. On average, sell-side analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $1.00 dividend. The ex-dividend date is Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 3.2%. Cullen/Frost Bankers's payout ratio is 43.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CFR shares. Raymond James Financial lowered their price objective on shares of Cullen/Frost Bankers from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Monday, August 4th. 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 report on Friday, May 2nd. Stephens raised their price target on Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Barclays reduced their price objective on Cullen/Frost Bankers from $155.00 to $145.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Finally, Royal Bank Of Canada dropped their target price on Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Three equities research 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 data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $133.71.

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.