Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lowered its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 8.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,275 shares of the bank's stock after selling 3,429 shares during the quarter. Cullen Frost Bankers Inc. owned 0.06% of Cullen/Frost Bankers worth $4,792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC increased its stake in shares of Cullen/Frost Bankers by 8.3% in the fourth quarter. HighTower Advisors LLC now owns 13,083 shares of the bank's stock worth $1,756,000 after acquiring an additional 1,003 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Cullen/Frost Bankers by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 7,524 shares of the bank's stock worth $942,000 after acquiring an additional 210 shares during the period. UMB Bank n.a. grew its position in Cullen/Frost Bankers by 59.6% during the first quarter. UMB Bank n.a. now owns 391 shares of the bank's stock valued at $49,000 after buying an additional 146 shares during the period. Vanguard Group Inc. grew its position in Cullen/Frost Bankers by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank's stock valued at $855,884,000 after buying an additional 66,243 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in Cullen/Frost Bankers by 42.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,090 shares of the bank's stock valued at $549,000 after buying an additional 1,222 shares during the period. Institutional investors and hedge funds own 86.90% of the company's stock.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, CAO Matthew Bradley Henson purchased 1,870 shares of the company's stock in a transaction 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 transaction, the chief accounting officer directly owned 5,545 shares in the company, valued at approximately $93,876.85. The trade was a 50.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 2.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on CFR. Barclays raised their price target on shares of Cullen/Frost Bankers from $135.00 to $155.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Stephens lifted their target price 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. Jefferies Financial Group assumed 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 target on the stock. Royal Bank Of Canada decreased their price target 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. Finally, Evercore ISI raised shares of Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price target on the stock in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $134.79.

Cullen/Frost Bankers Trading Up 0.1%

CFR stock traded up $0.18 during trading on Friday, reaching $138.71. 328,792 shares of the stock were exchanged, compared to its average volume of 447,461. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average price of $129.71 and a 200-day moving average price of $128.84. Cullen/Frost Bankers, Inc. has a 1 year low of $100.31 and a 1 year high of $147.64. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 2.88 and a beta of 0.68.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its earnings results on Thursday, May 1st. The bank reported $2.30 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 the consensus estimate of $540.57 million. During the same period in the previous year, the firm earned $2.15 earnings per share. On average, research analysts predict 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 given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, May 30th. This is a boost from Cullen/Frost Bankers's previous quarterly dividend of $0.95. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.88%. Cullen/Frost Bankers's dividend payout ratio (DPR) is currently 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.