GAMMA Investing LLC Has $125.95 Million Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

GAMMA Investing LLC boosted its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 122,282.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,005,982 shares of the bank's stock after purchasing an additional 1,005,160 shares during the period. GAMMA Investing LLC owned about 1.56% of Cullen/Frost Bankers worth $125,949,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Cullen/Frost Bankers by 1.0% in 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 during the last quarter. Boston Trust Walden Corp lifted its stake in Cullen/Frost Bankers by 9.8% in the fourth quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank's stock valued at $141,270,000 after acquiring an additional 94,252 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Cullen/Frost Bankers by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,026,585 shares of the bank's stock valued at $137,823,000 after acquiring an additional 6,159 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Cullen/Frost Bankers by 33.7% in the fourth quarter. Northern Trust Corp now owns 973,576 shares of the bank's stock worth $130,703,000 after buying an additional 245,458 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Cullen/Frost Bankers by 1.1% in the fourth quarter. JPMorgan Chase & Co. now owns 834,015 shares of the bank's stock worth $111,967,000 after buying an additional 9,050 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Performance

Cullen/Frost Bankers stock traded down $0.19 on Thursday, hitting $126.34. The company's stock had a trading volume of 304,060 shares, compared to its average volume of 465,801. The firm has a market cap of $8.12 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 6.46 and a beta of 0.67. 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 fifty day moving average price of $120.24 and a 200-day moving average price of $130.37. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64.

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, beating the consensus estimate of $2.17 by $0.13. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. The firm had revenue of $560.42 million for the quarter, compared to analyst estimates of $540.57 million. During the same quarter in the previous year, the firm posted $2.15 EPS. On average, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $1.00 dividend. This is a positive change from Cullen/Frost Bankers's previous quarterly dividend of $0.95. The ex-dividend date is Friday, May 30th. This represents a $4.00 annualized dividend and a dividend yield of 3.17%. Cullen/Frost Bankers's dividend payout ratio is presently 43.91%.

Insider Transactions at Cullen/Frost Bankers

In other news, CAO Matthew Bradley Henson bought 1,870 shares of the stock in a transaction dated Friday, May 2nd. The shares were acquired at an average price of $16.93 per share, with a total value of $31,659.10. Following the acquisition, the chief accounting officer now owns 5,545 shares in the company, valued at $93,876.85. This trade represents a 50.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.89% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank of Canada reduced 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. Morgan Stanley reduced their price objective on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a research note on Thursday, March 13th. Jefferies Financial Group assumed coverage on shares of Cullen/Frost Bankers in a research note on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 price objective for the company. Evercore ISI upgraded shares of Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price objective for the company in a research note on Friday, May 2nd. Finally, Stephens boosted their price objective 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 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's stock. Based on data from MarketBeat, Cullen/Frost Bankers presently has a consensus rating of "Hold" and a consensus price target of $131.93.

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.