UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $20.38 Million Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,837 shares of the bank's stock after buying an additional 16,051 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.24% of Cullen/Frost Bankers worth $20,384,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its holdings 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 valued at $2,370,000 after buying an additional 74 shares during the period. Quadrant Capital Group LLC raised its position in Cullen/Frost Bankers by 4.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,086 shares of the bank's stock valued at $280,000 after buying an additional 86 shares during the period. Strategic Financial Concepts LLC raised its position in Cullen/Frost Bankers by 4.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank's stock valued at $294,000 after buying an additional 89 shares during the period. First Dallas Securities Inc. increased its position in Cullen/Frost Bankers by 2.5% in the 4th quarter. First Dallas Securities Inc. now owns 4,028 shares of the bank's stock worth $541,000 after purchasing an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Cullen/Frost Bankers by 0.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the bank's stock worth $2,390,000 after purchasing an additional 100 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Trading Down 1.6%

Shares of NYSE CFR traded down $2.09 during midday trading on Friday, hitting $127.04. The stock had a trading volume of 387,942 shares, compared to its average volume of 466,499. The company's 50-day simple moving average is $120.07 and its 200 day simple moving average is $130.59. The firm has a market cap of $8.17 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 6.46 and a beta of 0.67. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week high of $147.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.13. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. The business had revenue of $560.42 million during the quarter, compared to analyst estimates of $540.57 million. During the same period in the previous year, the firm earned $2.15 EPS. Research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, May 30th. This represents a $4.00 dividend on an annualized basis and a yield of 3.15%. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.95. Cullen/Frost Bankers's dividend payout ratio is 43.91%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CFR. Morgan Stanley dropped their target price on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a research report on Thursday, March 13th. Stephens increased their price objective on Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. 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 report on Friday, May 2nd. Keefe, Bruyette & Woods increased their price objective 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. Finally, Barclays increased their price objective on Cullen/Frost Bankers from $130.00 to $135.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Three 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 MarketBeat.com, the company has an average rating of "Hold" and an average price target of $131.93.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson purchased 1,870 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average price of $16.93 per share, for a total transaction of $31,659.10. Following the purchase, the chief accounting officer now owns 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 accessible through this link. Insiders own 1.20% of the company's stock.

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.