Deutsche Bank AG Buys 15,767 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Deutsche Bank AG grew its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 418.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,531 shares of the bank's stock after acquiring 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.

A number of other institutional investors also recently modified their holdings of CFR. UMB Bank n.a. boosted its holdings in Cullen/Frost Bankers by 45.8% in the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank's stock valued at $33,000 after acquiring an additional 77 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Cullen/Frost Bankers by 239.0% in the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank's stock worth $46,000 after purchasing an additional 239 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Cullen/Frost Bankers by 35.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock valued at $62,000 after purchasing an additional 120 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Cullen/Frost Bankers during the fourth quarter valued at about $106,000. Finally, Americana Partners LLC purchased a new position in shares of Cullen/Frost Bankers during the fourth quarter valued at about $202,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Stock Up 2.8%

Shares of NYSE:CFR traded up $3.49 on Tuesday, hitting $129.89. 526,466 shares of the company traded hands, compared to its average volume of 465,731. The stock has a 50 day simple moving average of $119.86 and a 200-day simple moving average of $130.92. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. The company has a market cap of $8.35 billion, a PE ratio of 14.64, a PEG ratio of 6.46 and a beta of 0.67. Cullen/Frost Bankers, Inc. has a 52 week low of $94.09 and a 52 week high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates 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 last year, the business earned $2.15 EPS. As a group, research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share 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. Investors of record on Friday, May 30th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $4.00 annualized dividend and a dividend yield of 3.08%. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.95. Cullen/Frost Bankers's dividend payout ratio (DPR) is 43.91%.

Wall Street Analysts Forecast Growth

Several analysts have commented on CFR shares. Barclays raised their price objective 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. 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 research note on Friday, May 2nd. Jefferies Financial Group initiated coverage on Cullen/Frost Bankers in a research report on Wednesday, May 21st. They set an "underperform" rating and a $105.00 price target on the stock. Evercore ISI upgraded Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price objective for the company in a report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods raised their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a research report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Cullen/Frost Bankers presently has a consensus rating of "Hold" and an average price target of $131.93.

Insider Buying and Selling

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson acquired 1,870 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were bought at an average cost of $16.93 per share, with a total value of $31,659.10. Following the completion of the transaction, the chief accounting officer now directly owns 5,545 shares of the company's stock, valued at approximately $93,876.85. This represents a 50.88% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.89% of the stock is owned by company insiders.

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.