Envestnet Asset Management Inc. Sells 4,398 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Envestnet Asset Management Inc. lowered its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 263,272 shares of the bank's stock after selling 4,398 shares during the quarter. Envestnet Asset Management Inc. owned 0.41% of Cullen/Frost Bankers worth $32,962,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its holdings in Cullen/Frost Bankers by 4.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,086 shares of the bank's stock worth $280,000 after purchasing an additional 86 shares during the last quarter. Commerce Bank boosted its holdings in Cullen/Frost Bankers by 0.9% in the fourth quarter. Commerce Bank now owns 12,536 shares of the bank's stock worth $1,683,000 after purchasing an additional 116 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Cullen/Frost Bankers by 35.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock worth $62,000 after purchasing an additional 120 shares during the last quarter. Fulton Bank N.A. boosted its holdings in Cullen/Frost Bankers by 2.6% in the first quarter. Fulton Bank N.A. now owns 5,012 shares of the bank's stock worth $628,000 after purchasing an additional 126 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Cullen/Frost Bankers by 33.8% in the first quarter. Parallel Advisors LLC now owns 522 shares of the bank's stock worth $65,000 after purchasing an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.

Cullen/Frost Bankers Price Performance

Shares of CFR stock traded up $2.87 on Thursday, hitting $138.60. 577,885 shares of the stock traded hands, compared to its average volume of 447,935. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 2.88 and a beta of 0.68. Cullen/Frost Bankers, Inc. has a 52 week low of $100.31 and a 52 week high of $147.64. The firm has a 50 day simple moving average of $129.71 and a two-hundred day simple moving average of $128.84. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.64 and a quick ratio of 0.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 EPS for the quarter, beating the consensus estimate of $2.17 by $0.13. The firm had revenue of $560.42 million for the quarter, compared to the consensus estimate of $540.57 million. Cullen/Frost Bankers had a net margin of 20.89% and a return on equity of 15.70%. During the same period last year, the firm earned $2.15 EPS. As a group, equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $1.00 dividend. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.95. This represents a $4.00 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Friday, May 30th. Cullen/Frost Bankers's payout ratio is currently 43.91%.

Wall Street Analyst Weigh In

CFR has been the topic of several analyst reports. Barclays lifted their price target on shares of Cullen/Frost Bankers from $135.00 to $155.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Jefferies Financial Group initiated coverage on shares of Cullen/Frost Bankers in a research note on Wednesday, May 21st. They set an "underperform" rating and a $105.00 price target on the stock. Raymond James Financial upgraded shares of Cullen/Frost Bankers from a "market perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a research note on Tuesday, July 8th. Evercore ISI upgraded shares of Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price target on the stock in a research note on Friday, May 2nd. Finally, Royal Bank Of Canada dropped their price target on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating on the stock in a research note 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 given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $134.79.

Insider Transactions at Cullen/Frost Bankers

In related news, CAO Matthew Bradley Henson purchased 1,870 shares of Cullen/Frost Bankers stock in a transaction on Friday, May 2nd. The shares were bought at an average cost of $16.93 per share, for a total transaction of $31,659.10. Following the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.89% 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.