Nomura Holdings Inc. Makes New Investment in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Nomura Holdings Inc. bought a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,510 shares of the bank's stock, valued at approximately $1,142,000.

Several other large investors have also recently added to or reduced their stakes in CFR. Barclays PLC lifted its position in Cullen/Frost Bankers by 234.5% during the third quarter. Barclays PLC now owns 436,393 shares of the bank's stock worth $48,814,000 after buying an additional 305,921 shares during the period. Franklin Resources Inc. lifted its position in Cullen/Frost Bankers by 167.8% during the third quarter. Franklin Resources Inc. now owns 7,507 shares of the bank's stock worth $901,000 after buying an additional 4,704 shares during the period. Park Avenue Securities LLC purchased a new position in Cullen/Frost Bankers during the fourth quarter worth about $300,000. HB Wealth Management LLC purchased a new position in Cullen/Frost Bankers during the fourth quarter worth about $241,000. Finally, Jackson Square Capital LLC lifted its position in Cullen/Frost Bankers by 47.9% during the fourth quarter. Jackson Square Capital LLC now owns 5,647 shares of the bank's stock worth $758,000 after buying an additional 1,830 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Stock Down 0.4%

Shares of CFR stock traded down $0.49 during trading hours on Friday, reaching $126.60. The company had a trading volume of 275,735 shares, compared to its average volume of 465,487. 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, Inc. has a twelve month low of $94.09 and a twelve month high of $147.64. The company has a market capitalization of $8.14 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 6.46 and a beta of 0.67. The stock's fifty day simple moving average is $119.67 and its 200 day simple moving average is $131.06.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.17 by $0.13. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. The business had revenue of $560.42 million during the quarter, compared to analyst estimates of $540.57 million. During the same quarter last year, the firm earned $2.15 earnings per share. As a group, sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $1.00 dividend. The ex-dividend date is Friday, May 30th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.16%. This is a positive change from Cullen/Frost Bankers's previous quarterly dividend of $0.95. Cullen/Frost Bankers's dividend payout ratio (DPR) is 43.91%.

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 on Friday, May 2nd. The stock was purchased 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 directly owns 5,545 shares in the company, valued at $93,876.85. This trade represents a 50.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.89% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CFR shares. Royal Bank of Canada reduced their target price 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. Keefe, Bruyette & Woods raised their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. Evercore ISI upgraded Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price objective on the stock in a report on Friday, May 2nd. Barclays raised their price objective on Cullen/Frost Bankers from $130.00 to $135.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Finally, Jefferies Financial Group initiated coverage on Cullen/Frost Bankers in a report on Wednesday. They issued an "underperform" rating and a $105.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Cullen/Frost Bankers has a consensus rating of "Hold" and an average target price of $131.93.

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.