GTS Securities LLC Grows Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

GTS Securities LLC boosted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 364.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,248 shares of the bank's stock after acquiring an additional 2,548 shares during the period. GTS Securities LLC's holdings in Cullen/Frost Bankers were worth $436,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CFR. Blue Trust Inc. lifted its position in Cullen/Frost Bankers by 239.0% during the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank's stock valued at $46,000 after acquiring an additional 239 shares during the period. Nomura Asset Management Co. Ltd. raised 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 buying an additional 120 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Cullen/Frost Bankers in the fourth quarter worth about $106,000. Americana Partners LLC purchased a new position in Cullen/Frost Bankers in the fourth quarter worth about $202,000. Finally, Focus Partners Wealth purchased a new position in Cullen/Frost Bankers in the fourth quarter worth about $204,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on CFR shares. Jefferies Financial Group started coverage on shares of Cullen/Frost Bankers in a report on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 target price for the company. Stephens lifted 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 report on Friday, May 2nd. Keefe, Bruyette & Woods lifted their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Morgan Stanley decreased their target price on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a report on Thursday, March 13th. Finally, Barclays lifted their target price 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. 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 company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $131.93.

Insider Activity at Cullen/Frost Bankers

In other news, CAO Matthew Bradley Henson purchased 1,870 shares of the company's stock in a transaction on Friday, May 2nd. The stock was acquired at an average cost of $16.93 per share, for a total transaction of $31,659.10. Following the completion of the transaction, the chief accounting officer now directly owns 5,545 shares in the company, valued at $93,876.85. This trade represents a 50.88% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by company insiders.

Cullen/Frost Bankers Stock Performance

NYSE CFR traded down $2.09 during trading hours on Friday, hitting $127.04. 387,942 shares of the company's stock traded hands, compared to its average volume of 466,241. The business's fifty day moving average price is $120.07 and its two-hundred day moving average price is $130.70. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $8.17 billion, a P/E ratio of 14.32, a P/E/G 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 announced its 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. The company 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 in the previous year, the business posted $2.15 earnings per share. Equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently announced 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. This represents a $4.00 annualized dividend and a yield of 3.15%. This is a positive change from Cullen/Frost Bankers's previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Friday, May 30th. Cullen/Frost Bankers's payout ratio is 43.91%.

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.