ProShare Advisors LLC Has $35.41 Million Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

ProShare Advisors LLC lowered its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 263,761 shares of the bank's stock after selling 18,232 shares during the quarter. ProShare Advisors LLC owned about 0.41% of Cullen/Frost Bankers worth $35,410,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC grew its position in Cullen/Frost Bankers by 8.3% in the 4th 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. Barclays PLC raised its stake in shares of Cullen/Frost Bankers by 234.5% during the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank's stock worth $48,814,000 after purchasing an additional 305,921 shares during the period. Entropy Technologies LP purchased a new stake in Cullen/Frost Bankers in the 4th quarter worth about $389,000. Franklin Resources Inc. increased its holdings in Cullen/Frost Bankers by 167.8% in the 3rd quarter. Franklin Resources Inc. now owns 7,507 shares of the bank's stock worth $901,000 after acquiring an additional 4,704 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in Cullen/Frost Bankers in the 4th quarter worth about $300,000. Institutional investors own 86.90% of the company's stock.

Cullen/Frost Bankers Trading Down 1.7%

Cullen/Frost Bankers stock traded down $2.18 during trading on Wednesday, hitting $129.32. The company's stock had a trading volume of 116,407 shares, compared to its average volume of 463,822. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 6.46 and a beta of 0.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The stock's fifty day moving average is $119.45 and its 200 day moving average is $131.17. Cullen/Frost Bankers, Inc. has a 1-year low of $94.09 and a 1-year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The bank reported $2.30 EPS 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 company had revenue of $560.42 million during the quarter, compared to analyst estimates of $540.57 million. During the same period in the prior year, the firm posted $2.15 earnings per share. As a group, equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $4.00 dividend on an annualized basis and a yield of 3.09%. This is an increase from Cullen/Frost Bankers's previous quarterly dividend of $0.95. Cullen/Frost Bankers's dividend payout ratio is currently 43.91%.

Analyst Ratings Changes

A number of research firms recently weighed in on CFR. Keefe, Bruyette & Woods boosted their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a research report on Monday, February 3rd. Morgan Stanley cut their price objective on shares of 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 increased their target price on Cullen/Frost Bankers from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Jefferies Financial Group began coverage on Cullen/Frost Bankers in a research note on Wednesday. They issued an "underperform" rating and a $105.00 target price on the stock. Finally, DA Davidson cut shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and upped their target price for the company from $138.00 to $143.00 in a research note on Monday, February 3rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $131.93.

Insider Activity at Cullen/Frost Bankers

In related news, CAO Matthew Bradley Henson purchased 1,870 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average price of $16.93 per share, with a total value of $31,659.10. Following the acquisition, the chief accounting officer now owns 5,545 shares in the company, valued at approximately $93,876.85. This trade represents a 50.88% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.89% of the stock is currently owned by company 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.