Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 19.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 711,527 shares of the bank's stock after buying an additional 114,910 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 1.11% of Cullen/Frost Bankers worth $89,083,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in Cullen/Frost Bankers by 239.0% in 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. UMB Bank n.a. grew its position in shares of Cullen/Frost Bankers by 59.6% in the first quarter. UMB Bank n.a. now owns 391 shares of the bank's stock valued at $49,000 after purchasing an additional 146 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Cullen/Frost Bankers by 35.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock worth $62,000 after purchasing an additional 120 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Cullen/Frost Bankers by 33.8% during the first quarter. Parallel Advisors LLC now owns 522 shares of the bank's stock worth $65,000 after purchasing an additional 132 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Cullen/Frost Bankers during the 4th quarter worth about $106,000. Hedge funds and other institutional investors own 86.90% of the company's stock.

Cullen/Frost Bankers Trading Up 0.6%

NYSE:CFR traded up $0.80 during trading hours on Wednesday, hitting $123.54. The company had a trading volume of 158,785 shares, compared to its average volume of 460,557. Cullen/Frost Bankers, Inc. has a 1 year low of $96.85 and a 1 year high of $147.64. The company has a market cap of $7.94 billion, a P/E ratio of 13.56, a P/E/G ratio of 4.71 and a beta of 0.68. The company has a 50-day moving average of $122.51 and a 200 day moving average of $129.48. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06.

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. Cullen/Frost Bankers had a net margin of 20.89% and a return on equity of 15.70%. The firm had revenue of $560.42 million for the quarter, compared to analysts' expectations of $540.57 million. During the same quarter in the previous year, the company posted $2.15 EPS. Sell-side 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. Shareholders of record on Friday, May 30th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.24%. This is a positive change from Cullen/Frost Bankers's previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Friday, May 30th. Cullen/Frost Bankers's payout ratio is presently 43.91%.

Analyst Ratings Changes

Several research firms recently issued reports on CFR. Morgan Stanley lowered their price objective on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a report on Thursday, March 13th. Barclays raised their target price on Cullen/Frost Bankers from $130.00 to $135.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Jefferies Financial Group began coverage on Cullen/Frost Bankers in a research report on Wednesday, May 21st. They set an "underperform" rating and a $105.00 price target for the company. Evercore ISI raised Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 price objective for the company in a research note on Friday, May 2nd. Finally, 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. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Cullen/Frost Bankers has an average rating of "Hold" and a consensus target price of $131.93.

Insider Activity

In other news, CAO Matthew Bradley Henson purchased 1,870 shares of Cullen/Frost Bankers stock in a transaction dated 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 transaction, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.20% of the company's stock.

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.