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

KBC Group NV reduced its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 50.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.

A number of other institutional investors have also recently modified their holdings of CFR. US Bancorp DE grew its stake in shares of Cullen/Frost Bankers by 15.1% in the fourth quarter. US Bancorp DE now owns 4,339 shares of the bank's stock worth $583,000 after acquiring an additional 568 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Cullen/Frost Bankers by 58.8% in the fourth quarter. Jones Financial Companies Lllp now owns 5,344 shares of the bank's stock worth $717,000 after acquiring an additional 1,978 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Cullen/Frost Bankers in the fourth quarter worth $106,000. Atria Investments Inc boosted its position in shares of Cullen/Frost Bankers by 18.5% during the fourth quarter. Atria Investments Inc now owns 20,224 shares of the bank's stock valued at $2,715,000 after buying an additional 3,160 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Cullen/Frost Bankers during the fourth quarter valued at $5,101,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Stock Performance

CFR stock traded up $1.89 during trading on Tuesday, reaching $137.09. The stock had a trading volume of 133,678 shares, compared to its average volume of 455,423. Cullen/Frost Bankers, Inc. has a 52 week low of $96.94 and a 52 week high of $147.64. The stock's 50 day moving average is $127.32 and its two-hundred day moving average is $128.69. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06. The firm has a market cap of $8.81 billion, a PE ratio of 15.05, a PEG ratio of 5.19 and a beta of 0.68.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 EPS for the quarter, topping the consensus estimate of $2.17 by $0.13. Cullen/Frost Bankers had a return on equity of 15.70% and a net margin of 20.89%. The firm had revenue of $560.42 million for the quarter, compared to the consensus estimate of $540.57 million. During the same quarter last year, the company earned $2.15 earnings per share. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $1.00 dividend. The ex-dividend date 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 (DPR) is 43.91%.

Insider Activity at Cullen/Frost Bankers

In related news, CAO Matthew Bradley Henson acquired 1,870 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were purchased at an average price of $16.93 per share, with a total value of $31,659.10. Following the completion of the purchase, the chief accounting officer directly owned 5,545 shares of the company's stock, valued at $93,876.85. This represents a 50.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on CFR. Barclays increased their price objective on Cullen/Frost Bankers from $130.00 to $135.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Stephens increased their price objective on Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Morgan Stanley dropped their price objective on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a research report on Thursday, March 13th. Evercore ISI raised Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price objective on the stock in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada dropped their price objective on Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $133.36.

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.