KBC Group NV Sells 2,527 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

KBC Group NV lowered its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 50.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,460 shares of the bank's stock after selling 2,527 shares during the period. KBC Group NV's holdings in Cullen/Frost Bankers were worth $308,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Sovran Advisors LLC increased its holdings in Cullen/Frost Bankers by 66.8% during the 1st quarter. Sovran Advisors LLC now owns 7,007 shares of the bank's stock valued at $877,000 after purchasing an additional 2,807 shares during the period. Bartlett & CO. Wealth Management LLC increased its holdings in Cullen/Frost Bankers by 1.4% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 371,748 shares of the bank's stock valued at $46,543,000 after purchasing an additional 5,157 shares during the period. Alpine Bank Wealth Management purchased a new position in Cullen/Frost Bankers during the 1st quarter valued at about $30,000. Oppenheimer Asset Management Inc. increased its holdings in Cullen/Frost Bankers by 1.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,682 shares of the bank's stock valued at $962,000 after purchasing an additional 134 shares during the period. Finally, Boston Trust Walden Corp increased its holdings in Cullen/Frost Bankers by 5.7% during the 1st quarter. Boston Trust Walden Corp now owns 1,112,477 shares of the bank's stock valued at $139,282,000 after purchasing an additional 60,187 shares during the period. Hedge funds and other institutional investors own 86.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CFR shares. Jefferies Financial Group started coverage on Cullen/Frost Bankers in a report on Wednesday, May 21st. They set an "underperform" rating and a $105.00 price target on the stock. Royal Bank Of Canada reduced their price target on Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. Evercore ISI upgraded Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price target on the stock in a report on Friday, May 2nd. Barclays upped their target price on Cullen/Frost Bankers from $135.00 to $155.00 and gave the stock an "equal weight" rating in a report on Tuesday. Finally, Morgan Stanley reduced their target price on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a report on Thursday, March 13th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $134.79.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson acquired 1,870 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average cost of $16.93 per share, with a total value of $31,659.10. Following the transaction, the chief accounting officer owned 5,545 shares of the company's stock, 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 Up 0.2%

Shares of Cullen/Frost Bankers stock traded up $0.31 during midday trading on Wednesday, hitting $136.80. The company had a trading volume of 252,368 shares, compared to its average volume of 456,086. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $8.79 billion, a P/E ratio of 15.02, a P/E/G ratio of 2.89 and a beta of 0.68. The company has a 50 day moving average of $128.10 and a 200 day moving average of $128.80. Cullen/Frost Bankers, Inc. has a 52-week low of $98.61 and a 52-week high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.13. The company had revenue of $560.42 million for the quarter, compared to the consensus estimate of $540.57 million. Cullen/Frost Bankers had a return on equity of 15.70% and a net margin of 20.89%. During the same quarter in the prior year, the business posted $2.15 EPS. On average, equities 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. Investors of record on Friday, May 30th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $4.00 annualized dividend and a dividend yield of 2.92%. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.95. Cullen/Frost Bankers's dividend payout ratio is presently 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.