Edgestream Partners L.P. Has $3.98 Million Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Edgestream Partners L.P. grew its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 180.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,803 shares of the bank's stock after purchasing an additional 20,480 shares during the period. Edgestream Partners L.P.'s holdings in Cullen/Frost Bankers were worth $3,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Reyes Financial Architecture Inc. grew its position in shares of Cullen/Frost Bankers by 38.5% in the first quarter. Reyes Financial Architecture Inc. now owns 1,273 shares of the bank's stock valued at $159,000 after purchasing an additional 354 shares in the last quarter. CWM LLC raised its position in Cullen/Frost Bankers by 21.7% in the first quarter. CWM LLC now owns 4,736 shares of the bank's stock valued at $593,000 after purchasing an additional 843 shares during the period. Louisiana State Employees Retirement System raised its position in Cullen/Frost Bankers by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 18,000 shares of the bank's stock valued at $2,254,000 after purchasing an additional 200 shares during the period. SkyOak Wealth LLC purchased a new stake in Cullen/Frost Bankers in the first quarter valued at approximately $231,000. Finally, Xponance Inc. raised its position in Cullen/Frost Bankers by 1.6% in the first quarter. Xponance Inc. now owns 7,207 shares of the bank's stock valued at $902,000 after purchasing an additional 113 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on CFR shares. Evercore ISI raised Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price objective on the stock in a research report on Friday, May 2nd. Raymond James Financial raised Cullen/Frost Bankers from a "market perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a report on Tuesday, July 8th. Royal Bank Of Canada decreased their price objective on shares of 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. Barclays upped their price objective on shares of Cullen/Frost Bankers from $135.00 to $155.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Stephens increased their target price on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $134.79.

Insider Transactions at Cullen/Frost Bankers

In other news, CAO Matthew Bradley Henson bought 1,870 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief accounting officer owned 5,545 shares in the company, valued at $93,876.85. The trade was a 50.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.89% of the company's stock.

Cullen/Frost Bankers Price Performance

Cullen/Frost Bankers stock traded up $0.18 during mid-day trading on Friday, reaching $138.71. The company had a trading volume of 328,792 shares, compared to its average volume of 443,909. Cullen/Frost Bankers, Inc. has a 1 year low of $100.31 and a 1 year high of $147.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $8.92 billion, a P/E ratio of 15.23, a P/E/G ratio of 2.94 and a beta of 0.68. The stock's 50-day simple moving average is $129.98 and its 200-day simple moving average is $128.87.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $540.57 million. During the same period last year, the company posted $2.15 earnings per share. On average, 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 was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $1.00 per share. The ex-dividend date was Friday, May 30th. This represents a $4.00 dividend on an annualized basis and a yield of 2.88%. This is a positive change from Cullen/Frost Bankers's previous quarterly dividend of $0.95. Cullen/Frost Bankers's dividend payout ratio (DPR) is 43.91%.

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.