Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp grew its position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 22.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,516 shares of the bank's stock after buying an additional 9,081 shares during the quarter. Fifth Third Bancorp owned 0.08% of Cullen/Frost Bankers worth $5,574,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CFR. Anchor Investment Management LLC purchased a new position in shares of Cullen/Frost Bankers during the 4th quarter worth approximately $1,069,000. Hsbc Holdings PLC acquired a new position in shares of Cullen/Frost Bankers in the third quarter worth $1,302,000. Raymond James & Associates lifted its position in shares of Cullen/Frost Bankers by 15.1% in the third quarter. Raymond James & Associates now owns 203,802 shares of the bank's stock valued at $18,589,000 after acquiring an additional 26,670 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Cullen/Frost Bankers in the third quarter valued at $530,000. Finally, Bryn Mawr Capital Management LLC purchased a new stake in shares of Cullen/Frost Bankers in the fourth quarter valued at $1,042,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CFR. DA Davidson restated a "buy" rating and issued a $126.00 price objective on shares of Cullen/Frost Bankers in a research report on Thursday, March 28th. Morgan Stanley upped their price objective on Cullen/Frost Bankers from $109.00 to $115.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 7th. Jefferies Financial Group upped their price objective on Cullen/Frost Bankers from $119.00 to $121.00 and gave the company a "hold" rating in a research report on Monday, April 8th. JPMorgan Chase & Co. increased their target price on Cullen/Frost Bankers from $135.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, April 4th. Finally, Wedbush reiterated a "neutral" rating and set a $115.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $117.46.

Cullen/Frost Bankers Trading Down 0.5 %

NYSE:CFR traded down $0.52 on Friday, hitting $105.93. 735,181 shares of the stock were exchanged, compared to its average volume of 434,094. The stock has a market cap of $6.81 billion, a PE ratio of 12.52, a PEG ratio of 1.33 and a beta of 1.04. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average of $108.94 and a 200-day moving average of $104.37. Cullen/Frost Bankers, Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $120.31.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The bank reported $2.15 EPS for the quarter, topping the consensus estimate of $2.13 by $0.02. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. During the same quarter last year, the firm posted $2.70 EPS. As a group, equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.44 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.92 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a yield of 3.47%. Cullen/Frost Bankers's dividend payout ratio is currently 43.50%.

Insider Buying and Selling at Cullen/Frost Bankers

In related news, insider Paul Bracher sold 9,820 shares of the business's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $109.40, for a total value of $1,074,308.00. Following the transaction, the insider now owns 96,380 shares in the company, valued at $10,543,972. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Cullen/Frost Bankers news, insider Paul Bracher sold 9,820 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the sale, the insider now directly owns 96,380 shares in the company, valued at approximately $10,543,972. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bobby Berman sold 1,312 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $105.49, for a total value of $138,402.88. Following the transaction, the executive vice president now owns 27,815 shares of the company's stock, valued at $2,934,204.35. The disclosure for this sale can be found here. 2.89% of the stock is currently owned by corporate insiders.

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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