Natixis Advisors LLC Has $36.24 Million Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Natixis Advisors LLC lifted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 289,476 shares of the bank's stock after purchasing an additional 12,926 shares during the quarter. Natixis Advisors LLC owned approximately 0.45% of Cullen/Frost Bankers worth $36,242,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. GAMMA Investing LLC grew its stake in Cullen/Frost Bankers by 122,282.2% in the 1st quarter. GAMMA Investing LLC now owns 1,005,982 shares of the bank's stock valued at $125,949,000 after buying an additional 1,005,160 shares during the last quarter. Norges Bank acquired a new position in Cullen/Frost Bankers in the 4th quarter valued at $69,591,000. Impax Asset Management Group plc grew its stake in Cullen/Frost Bankers by 350.8% in the 1st quarter. Impax Asset Management Group plc now owns 518,387 shares of the bank's stock valued at $64,359,000 after buying an additional 403,387 shares during the last quarter. Northern Trust Corp grew its position in Cullen/Frost Bankers by 33.7% in the 4th quarter. Northern Trust Corp now owns 973,576 shares of the bank's stock worth $130,703,000 after purchasing an additional 245,458 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Cullen/Frost Bankers in the 4th quarter worth $21,181,000. Institutional investors and hedge funds own 86.90% of the company's stock.

Cullen/Frost Bankers Price Performance

CFR stock traded down $3.42 during trading on Friday, hitting $123.99. 973,939 shares of the stock traded hands, compared to its average volume of 349,504. Cullen/Frost Bankers, Inc. has a one year low of $100.31 and a one year high of $147.64. The stock has a market cap of $7.97 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 2.70 and a beta of 0.70. The company has a 50 day simple moving average of $130.84 and a 200 day simple moving average of $128.80. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The bank reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.11. The firm had revenue of $567.83 million during the quarter, compared to the consensus estimate of $552.04 million. Cullen/Frost Bankers had a net margin of 26.82% and a return on equity of 15.61%. During the same period last year, the firm posted $2.21 EPS. Equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, August 29th. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 43.91%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Raymond James Financial upgraded shares of Cullen/Frost Bankers from a "market perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a research report on Tuesday, July 8th. Royal Bank Of Canada decreased their price target on shares of 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. Stephens raised their price target on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Jefferies Financial Group assumed coverage on shares of Cullen/Frost Bankers in a research report on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 price target on the stock. Finally, Barclays decreased their price target on shares of Cullen/Frost Bankers from $155.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Cullen/Frost Bankers has a consensus rating of "Hold" and an average target price of $134.07.

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.