Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 33.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 973,576 shares of the bank's stock after buying an additional 245,458 shares during the quarter. Northern Trust Corp owned about 1.52% of Cullen/Frost Bankers worth $130,703,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. UMB Bank n.a. increased its stake in Cullen/Frost Bankers by 45.8% in the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank's stock valued at $33,000 after purchasing an additional 77 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Cullen/Frost Bankers during the third quarter valued at approximately $29,000. Blue Trust Inc. raised its position in shares of Cullen/Frost Bankers by 239.0% during the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank's stock worth $46,000 after purchasing an additional 239 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Cullen/Frost Bankers by 35.3% in the 4th 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. Finally, SBI Securities Co. Ltd. bought a new stake in Cullen/Frost Bankers during the 4th quarter valued at $106,000. Institutional investors own 86.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CFR shares. Keefe, Bruyette & Woods upped their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a report on Monday, February 3rd. Barclays increased their price target 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. Royal Bank of Canada dropped their target price on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Stephens lifted 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 report on Friday, May 2nd. Finally, 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. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Cullen/Frost Bankers currently has a consensus rating of "Hold" and an average target price of $132.14.

Insider Activity

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson purchased 1,870 shares of Cullen/Frost Bankers stock in a transaction on Friday, May 2nd. The stock was 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 owns 5,545 shares of the company's stock, valued at $93,876.85. This represents a 50.88 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.89% of the company's stock.

Cullen/Frost Bankers Trading Up 2.3 %

NYSE:CFR traded up $2.82 during mid-day trading on Thursday, hitting $125.41. 103,369 shares of the stock traded hands, compared to its average volume of 462,576. 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 52 week low of $94.09 and a 52 week high of $147.64. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 6.46 and a beta of 0.67. The firm's 50 day moving average is $119.03 and its two-hundred day moving average is $130.99.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The bank reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.17 by $0.13. The firm had revenue of $560.42 million for 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 period in the prior year, the business posted $2.15 earnings per share. On average, equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $1.00 per share. This is a boost from Cullen/Frost Bankers's previous quarterly dividend of $0.95. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, May 30th. Cullen/Frost Bankers's dividend payout ratio is 43.91%.

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.