Cullen/Frost Bankers, Inc. (NYSE:CFR) Stock Holdings Decreased by Diversified Trust Co

Diversified Trust Co reduced its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 32.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,537 shares of the bank's stock after selling 5,902 shares during the period. Diversified Trust Co's holdings in Cullen/Frost Bankers were worth $1,570,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alpine Bank Wealth Management purchased a new stake in Cullen/Frost Bankers during the 1st quarter worth approximately $30,000. Oppenheimer Asset Management Inc. grew its position in shares of Cullen/Frost Bankers by 1.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,682 shares of the bank's stock worth $962,000 after buying an additional 134 shares in the last quarter. Boston Trust Walden Corp increased its stake in shares of Cullen/Frost Bankers by 5.7% in the first quarter. Boston Trust Walden Corp now owns 1,112,477 shares of the bank's stock worth $139,282,000 after buying an additional 60,187 shares during the last quarter. 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 buying an additional 210 shares during the last quarter. Finally, Cardinal Capital Management raised its holdings in Cullen/Frost Bankers by 5.0% in the first quarter. Cardinal Capital Management now owns 17,743 shares of the bank's stock valued at $2,221,000 after acquiring an additional 851 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Stock Performance

NYSE CFR traded up $3.98 on Tuesday, hitting $132.52. The stock had a trading volume of 276,800 shares, compared to its average volume of 457,936. Cullen/Frost Bankers, Inc. has a one year low of $96.94 and a one year high of $147.64. The stock has a market cap of $8.52 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 4.91 and a beta of 0.68. The company's 50-day moving average is $125.36 and its two-hundred day moving average is $128.66. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.17 by $0.13. The company had revenue of $560.42 million during the quarter, compared to analyst estimates of $540.57 million. Cullen/Frost Bankers had a return on equity of 15.70% and a net margin of 20.89%. During the same quarter in the previous year, the firm posted $2.15 EPS. On average, analysts expect 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 announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Friday, May 30th. This is a positive change from Cullen/Frost Bankers's previous quarterly dividend of $0.95. Cullen/Frost Bankers's dividend payout ratio is currently 43.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada dropped their target price on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. Stephens boosted 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. Jefferies Financial Group initiated coverage on Cullen/Frost Bankers in a report on Wednesday, May 21st. They set an "underperform" rating and a $105.00 target price on the stock. Evercore ISI upgraded Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 target price for the company in a research report on Friday, May 2nd. Finally, Barclays upped their price target on Cullen/Frost Bankers from $130.00 to $135.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $132.08.

Insider Buying and Selling

In related news, CAO Matthew Bradley Henson purchased 1,870 shares of Cullen/Frost Bankers stock in a transaction dated Friday, May 2nd. The stock was bought at an average cost of $16.93 per share, with a total value of $31,659.10. Following the purchase, the chief accounting officer owned 5,545 shares in the company, valued at approximately $93,876.85. The trade was a 50.88% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.20% of the company's stock.

Cullen/Frost Bankers Company 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.