Impax Asset Management Group plc Makes New $15.44 Million Investment in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Impax Asset Management Group plc purchased a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 115,000 shares of the bank's stock, valued at approximately $15,439,000. Impax Asset Management Group plc owned approximately 0.18% of Cullen/Frost Bankers at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Covestor Ltd lifted its position in Cullen/Frost Bankers by 169.9% during the 3rd quarter. Covestor Ltd now owns 224 shares of the bank's stock worth $25,000 after buying an additional 141 shares in the last quarter. UMB Bank n.a. raised its holdings in Cullen/Frost Bankers by 45.8% during the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank's stock worth $33,000 after acquiring an additional 77 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Cullen/Frost Bankers during the third quarter worth about $29,000. Blue Trust Inc. boosted its position in Cullen/Frost Bankers by 239.0% during the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank's stock valued at $46,000 after purchasing an additional 239 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Cullen/Frost Bankers during the 3rd quarter worth approximately $44,000. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Performance

CFR stock traded up $0.52 during trading hours on Friday, hitting $136.96. 323,165 shares of the stock were exchanged, compared to its average volume of 446,025. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $8.80 billion, a P/E ratio of 15.44, a P/E/G ratio of 6.46 and a beta of 0.99. The company has a 50-day simple moving average of $138.58 and a two-hundred day simple moving average of $128.47.

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Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping analysts' consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. On average, analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, February 28th. Cullen/Frost Bankers's dividend payout ratio (DPR) is currently 42.84%.

Insider Buying and Selling

In related news, insider Paul Bracher sold 11,500 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the transaction, the insider now owns 102,946 shares of the company's stock, valued at $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.89% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CFR. Citigroup raised their target price on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a "sell" rating in a research note on Monday, November 4th. DA Davidson lowered shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd. Stephens lifted their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Maxim Group boosted their price target on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods raised their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Cullen/Frost Bankers presently has a consensus rating of "Hold" and a consensus price target of $132.54.

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.