Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 418.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,531 shares of the bank's stock after buying an additional 15,767 shares during the period. Deutsche Bank AG's holdings in Cullen/Frost Bankers were worth $2,622,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in Cullen/Frost Bankers by 8.3% in the 4th quarter. HighTower Advisors LLC now owns 13,083 shares of the bank's stock worth $1,756,000 after buying an additional 1,003 shares during the period. Barclays PLC raised its stake in shares of Cullen/Frost Bankers by 234.5% during the third quarter. Barclays PLC now owns 436,393 shares of the bank's stock valued at $48,814,000 after acquiring an additional 305,921 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Cullen/Frost Bankers during the fourth quarter valued at approximately $389,000. Park Avenue Securities LLC bought a new stake in shares of Cullen/Frost Bankers during the fourth quarter valued at approximately $300,000. Finally, Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 66,243 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, CAO Matthew Bradley Henson acquired 1,870 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were purchased at an average price 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 in the company, valued at $93,876.85. The trade was a 50.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.89% of the stock is owned by insiders.

Cullen/Frost Bankers Stock Down 0.4%

Shares of CFR stock traded down $0.49 during mid-day trading on Friday, hitting $126.60. 275,735 shares of the stock traded hands, compared to its average volume of 465,487. The stock has a market cap of $8.14 billion, a P/E ratio of 14.27, a P/E/G ratio of 6.46 and a beta of 0.67. The stock's fifty day moving average is $119.67 and its two-hundred day moving average is $131.06. Cullen/Frost Bankers, Inc. has a 52-week low of $94.09 and a 52-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 released its quarterly 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. The business had revenue of $560.42 million during the quarter, compared to analyst estimates of $540.57 million. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. During the same period in the prior year, the firm posted $2.15 earnings per share. Equities analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.16%. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.95. The ex-dividend date is Friday, May 30th. Cullen/Frost Bankers's dividend payout ratio (DPR) is 43.91%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Jefferies Financial Group assumed coverage on Cullen/Frost Bankers in a report on Wednesday. They issued an "underperform" rating and a $105.00 target price for the company. Royal Bank of Canada lowered their target price on Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd. Barclays increased their target price on shares of Cullen/Frost Bankers from $130.00 to $135.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. DA Davidson downgraded shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and raised their target price for the company from $138.00 to $143.00 in a research report on Monday, February 3rd. Finally, Stephens raised 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. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $131.93.

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.