Quantinno Capital Management LP Boosts Stake in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Quantinno Capital Management LP raised its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 112.3% during the 4th quarter, according to the company in its most recent filing with the Securities & 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 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CFR. HighTower Advisors LLC raised its stake in Cullen/Frost Bankers by 8.3% in the fourth quarter. HighTower Advisors LLC now owns 13,083 shares of the bank's stock valued at $1,756,000 after purchasing an additional 1,003 shares in the last quarter. 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 in the last quarter. Entropy Technologies LP purchased a new stake in shares of Cullen/Frost Bankers during the 4th quarter valued at $389,000. Park Avenue Securities LLC bought a new stake in shares of Cullen/Frost Bankers during the 4th quarter worth $300,000. Finally, Vanguard Group Inc. grew its position in Cullen/Frost Bankers by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank's stock worth $855,884,000 after acquiring an additional 66,243 shares in the last quarter. Institutional investors own 86.90% of the company's stock.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, CAO Matthew Bradley Henson purchased 1,870 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average price of $16.93 per share, for a total transaction of $31,659.10. Following the completion of the acquisition, the chief accounting officer now directly owns 5,545 shares in the company, valued at approximately $93,876.85. The trade was a 50.88% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.89% of the stock is currently owned by corporate insiders.

Cullen/Frost Bankers Stock Down 3.6%

Shares of Cullen/Frost Bankers stock opened at $126.74 on Thursday. 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 52-week low of $94.09 and a 52-week high of $147.64. The company's 50 day moving average price is $119.53 and its 200-day moving average price is $131.14. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of 14.29, a P/E/G 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 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.13. The business had revenue of $560.42 million during the quarter, compared to analysts' expectations of $540.57 million. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. During the same quarter in the prior year, the company posted $2.15 EPS. Equities research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $1.00 per share. This is a positive change from Cullen/Frost Bankers's previous quarterly dividend of $0.95. The ex-dividend date is Friday, May 30th. This represents a $4.00 dividend on an annualized basis and a yield of 3.16%. Cullen/Frost Bankers's dividend payout ratio is presently 43.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank of Canada lowered their price target 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. Stephens raised their price objective on Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. DA Davidson lowered 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. Evercore ISI raised shares of Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price target on the stock in a research note on Friday, May 2nd. Finally, Morgan Stanley lowered their price objective on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a report on Thursday, March 13th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Cullen/Frost Bankers presently has an average rating of "Hold" and a consensus price target of $131.93.

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.

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