Quantinno Capital Management LP Has $1.60 Million Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Quantinno Capital Management LP boosted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 112.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,907 shares of the bank's stock after acquiring an additional 6,298 shares during the period. Quantinno Capital Management LP's holdings in Cullen/Frost Bankers were worth $1,599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CFR. UMB Bank n.a. raised its position in shares of Cullen/Frost Bankers by 45.8% during the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank's stock worth $33,000 after purchasing an additional 77 shares during the period. Blue Trust Inc. increased its stake 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 purchasing an additional 239 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Cullen/Frost Bankers by 35.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock worth $62,000 after buying an additional 120 shares during the period. SBI Securities Co. Ltd. bought a new position in Cullen/Frost Bankers in the fourth quarter valued at approximately $106,000. Finally, Americana Partners LLC bought a new position in Cullen/Frost Bankers in the fourth quarter valued at approximately $202,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CFR has been the subject of several research reports. Jefferies Financial Group assumed 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. DA Davidson lowered shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and upped their target price for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Royal Bank of Canada lowered their target price on Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating for the company 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. Finally, Keefe, Bruyette & Woods upped their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a research report on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $131.93.

Cullen/Frost Bankers Stock Up 1.4%

Shares of NYSE CFR traded up $1.82 during mid-day trading on Tuesday, hitting $128.22. The company had a trading volume of 26,599 shares, compared to its average volume of 463,835. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. The firm has a 50-day simple moving average of $119.72 and a two-hundred day simple moving average of $130.92. The company has a market capitalization of $8.24 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 6.46 and a beta of 0.67. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The bank reported $2.30 EPS for the quarter, beating the consensus estimate of $2.17 by $0.13. The firm had revenue of $560.42 million during the quarter, compared to analysts' expectations of $540.57 million. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. During the same period in the prior year, the firm posted $2.15 earnings per share. On average, equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Friday, May 30th. 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%.

Insider Activity

In other news, CAO Matthew Bradley Henson bought 1,870 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were bought at an average cost of $16.93 per share, with a total value of $31,659.10. Following the acquisition, the chief accounting officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.89% of the stock is currently owned by insiders.

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.