Nuveen Asset Management LLC Trims Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Nuveen Asset Management LLC trimmed its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,511 shares of the bank's stock after selling 2,653 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.16% of Cullen/Frost Bankers worth $13,762,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Cullen/Frost Bankers by 234.5% during the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank's stock valued at $48,814,000 after buying an additional 305,921 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Cullen/Frost Bankers by 3.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 17,056 shares of the bank's stock worth $2,290,000 after acquiring an additional 490 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in shares of Cullen/Frost Bankers in the 4th quarter valued at about $322,000. Blue Trust Inc. grew its holdings in Cullen/Frost Bankers by 239.0% during the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank's stock worth $46,000 after acquiring an additional 239 shares in the last quarter. Finally, KBC Group NV increased its holdings in Cullen/Frost Bankers by 17.2% in the fourth quarter. KBC Group NV now owns 4,987 shares of the bank's stock valued at $670,000 after buying an additional 731 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company's stock.

Cullen/Frost Bankers Price Performance

CFR stock traded down $0.80 during trading on Friday, reaching $127.33. 154,963 shares of the company were exchanged, compared to its average volume of 465,450. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The stock's 50 day moving average price is $120.03 and its 200 day moving average price is $130.80. Cullen/Frost Bankers, Inc. has a 52-week low of $94.09 and a 52-week high of $147.64. The company has a market cap of $8.19 billion, a P/E ratio of 14.35, a PEG ratio of 6.46 and a beta of 0.67.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings results 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 15.95% and a net margin of 20.44%. The business had revenue of $560.42 million for the quarter, compared to analyst estimates of $540.57 million. During the same quarter in the previous year, the company earned $2.15 EPS. As a group, 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 company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given 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 3.14%. This is a boost from Cullen/Frost Bankers's previous quarterly dividend of $0.95. Cullen/Frost Bankers's dividend payout ratio (DPR) is currently 43.91%.

Insider Buying and Selling

In related news, CAO Matthew Bradley Henson bought 1,870 shares of Cullen/Frost Bankers stock in a transaction that occurred on 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 purchase, the chief accounting officer now owns 5,545 shares in the company, valued at $93,876.85. This represents a 50.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.20% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Barclays lifted their price target on Cullen/Frost Bankers from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Keefe, Bruyette & Woods raised their price target 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. Royal Bank of Canada lowered their price objective 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. Jefferies Financial Group started coverage on shares of Cullen/Frost Bankers in a research report on Wednesday, May 21st. They set an "underperform" rating and a $105.00 price objective for the company. Finally, DA Davidson cut shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and raised their target price for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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.