Wellington Management Group LLP Lowers Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Wellington Management Group LLP trimmed its position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 18.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,649 shares of the bank's stock after selling 44,483 shares during the quarter. Wellington Management Group LLP owned about 0.30% of Cullen/Frost Bankers worth $25,863,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in Cullen/Frost Bankers by 205.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,844 shares of the bank's stock valued at $1,993,000 after purchasing an additional 9,977 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Cullen/Frost Bankers in the fourth quarter worth about $408,000. Forum Financial Management LP bought a new position in Cullen/Frost Bankers during the fourth quarter valued at approximately $298,000. GTS Securities LLC grew its holdings in Cullen/Frost Bankers by 364.0% during the 4th quarter. GTS Securities LLC now owns 3,248 shares of the bank's stock valued at $436,000 after buying an additional 2,548 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Cullen/Frost Bankers by 11.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 151,837 shares of the bank's stock valued at $20,384,000 after buying an additional 16,051 shares in the last quarter. Institutional investors own 86.90% of the company's stock.

Cullen/Frost Bankers Trading Down 0.3%

Shares of NYSE:CFR traded down $0.35 during trading hours on Wednesday, hitting $127.50. 106,787 shares of the company's stock traded hands, compared to its average volume of 464,704. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. The business has a fifty day moving average price of $120.17 and a 200-day moving average price of $130.48. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year high of $147.64. The firm has a market capitalization of $8.20 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 6.46 and a beta of 0.67.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $560.42 million during the quarter, compared to analysts' expectations of $540.57 million. During the same quarter in the previous year, the business earned $2.15 EPS. Equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.14%. 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 (DPR) is currently 43.91%.

Insider Activity at Cullen/Frost Bankers

In other news, CAO Matthew Bradley Henson purchased 1,870 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were purchased at an average price of $16.93 per share, for a total transaction of $31,659.10. Following the completion of the purchase, the chief accounting officer now 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 filing with the SEC, which can be accessed through this link. 2.89% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Morgan Stanley decreased 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. Stephens upped their price target on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Jefferies Financial Group assumed coverage on shares of Cullen/Frost Bankers in a research note on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 price objective for the company. Barclays upped their target price on shares of 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. Finally, Royal Bank of Canada lowered their price target on shares of 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. Three research 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $131.93.

About Cullen/Frost Bankers

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.