SG Americas Securities LLC Has $1.22 Million Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

SG Americas Securities LLC boosted its position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 644.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,726 shares of the bank's stock after acquiring an additional 8,419 shares during the period. SG Americas Securities LLC's holdings in Cullen/Frost Bankers were worth $1,218,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. HighTower Advisors LLC grew its position in shares of 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 during the period. Vanguard Group Inc. boosted its stake in Cullen/Frost Bankers by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank's stock worth $855,884,000 after buying an additional 66,243 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Cullen/Frost Bankers by 59.6% during the 1st quarter. UMB Bank n.a. now owns 391 shares of the bank's stock valued at $49,000 after acquiring an additional 146 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Cullen/Frost Bankers by 15.1% during the 4th quarter. US Bancorp DE now owns 4,339 shares of the bank's stock worth $583,000 after acquiring an additional 568 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Cullen/Frost Bankers by 42.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,090 shares of the bank's stock worth $549,000 after acquiring an additional 1,222 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CFR. Barclays upped their price target on shares of 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. Evercore ISI upgraded shares of Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 target price for the company in a research note 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. Morgan Stanley dropped their price target on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a research report on Thursday, March 13th. Finally, Jefferies Financial Group started coverage on 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. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $131.93.

Insider Buying and Selling

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson purchased 1,870 shares of the company's stock in a transaction on 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 transaction, the chief accounting officer now directly owns 5,545 shares in the company, valued at approximately $93,876.85. This represents a 50.88% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.89% of the company's stock.

Cullen/Frost Bankers Stock Down 0.8%

CFR stock traded down $1.01 during trading hours on Tuesday, hitting $122.69. The company's stock had a trading volume of 237,316 shares, compared to its average volume of 461,079. The company has a market capitalization of $7.89 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 6.46 and a beta of 0.68. The stock has a 50 day moving average price of $122.35 and a two-hundred day moving average price of $129.53. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 12 month low of $94.55 and a 12 month high of $147.64.

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 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 firm had revenue of $560.42 million during the quarter, compared to analyst estimates of $540.57 million. During the same period in the previous year, the company earned $2.15 EPS. On average, equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, May 30th. This is a positive change from Cullen/Frost Bankers's previous quarterly dividend of $0.95. This represents a $4.00 dividend on an annualized basis and a yield of 3.26%. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 43.91%.

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.