3,040 Shares in Cullen/Frost Bankers, Inc. (NYSE:CFR) Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,040 shares of the bank's stock, valued at approximately $408,000.

Several other hedge funds also recently made changes to their positions in the business. Forum Financial Management LP acquired a new position in shares of Cullen/Frost Bankers in the 4th quarter worth $298,000. GTS Securities LLC increased its stake in Cullen/Frost Bankers by 364.0% in the 4th quarter. GTS Securities LLC now owns 3,248 shares of the bank's stock worth $436,000 after purchasing an additional 2,548 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Cullen/Frost Bankers by 11.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 151,837 shares of the bank's stock worth $20,384,000 after buying an additional 16,051 shares during the period. Teza Capital Management LLC acquired a new stake in Cullen/Frost Bankers during the 4th quarter worth about $1,380,000. Finally, Snowden Capital Advisors LLC purchased a new stake in Cullen/Frost Bankers during the fourth quarter valued at about $211,000. Institutional investors and hedge funds own 86.90% of the company's stock.

Insider Activity

In related news, CAO Matthew Bradley Henson purchased 1,870 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of $16.93 per share, for a total transaction of $31,659.10. Following the purchase, the chief accounting officer now owns 5,545 shares in the company, valued at $93,876.85. The trade was a 50.88% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.89% of the stock is owned by insiders.

Cullen/Frost Bankers Stock Down 0.6%

Shares of Cullen/Frost Bankers stock traded down $0.73 during trading on Monday, hitting $126.25. 375,059 shares of the stock traded hands, compared to its average volume of 466,128. The stock has a market cap of $8.12 billion, a P/E ratio of 14.23, a PEG ratio of 6.46 and a beta of 0.67. The company has a fifty day moving average price of $120.07 and a two-hundred day moving average price of $130.59. Cullen/Frost Bankers, Inc. has a twelve month low of $94.09 and a twelve month high of $147.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 earnings per share 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 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 quarter last year, the firm earned $2.15 earnings per share. Equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $1.00 per share. 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. This represents a $4.00 annualized dividend and a dividend yield of 3.17%. Cullen/Frost Bankers's dividend payout ratio is 43.91%.

Analyst Upgrades and Downgrades

CFR has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Cullen/Frost Bankers in a report on Wednesday, May 21st. They set an "underperform" rating and a $105.00 price target on the stock. Barclays boosted their target price on shares of Cullen/Frost Bankers from $130.00 to $135.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Morgan Stanley reduced their target price on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a report on Thursday, March 13th. DA Davidson downgraded Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and lifted their price target for the company from $138.00 to $143.00 in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods upped their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a research report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $131.93.

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.