Quantinno Capital Management LP Invests $627,000 in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Quantinno Capital Management LP bought a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,609 shares of the bank's stock, valued at approximately $627,000.

Several other institutional investors have also recently made changes to their positions in CFR. Covestor Ltd increased its holdings in Cullen/Frost Bankers by 169.9% in the 3rd quarter. Covestor Ltd now owns 224 shares of the bank's stock worth $25,000 after acquiring an additional 141 shares in the last quarter. Asset Dedication LLC increased its holdings in Cullen/Frost Bankers by 63.3% in the 3rd quarter. Asset Dedication LLC now owns 271 shares of the bank's stock worth $30,000 after acquiring an additional 105 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Cullen/Frost Bankers in the 3rd quarter worth $44,000. Allworth Financial LP increased its holdings in Cullen/Frost Bankers by 116.6% in the 3rd quarter. Allworth Financial LP now owns 444 shares of the bank's stock worth $50,000 after acquiring an additional 239 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in Cullen/Frost Bankers in the 3rd quarter worth $52,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Cullen/Frost Bankers from $120.00 to $140.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Truist Financial lowered their target price on shares of Cullen/Frost Bankers from $126.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, September 20th. Compass Point lifted their target price on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Morgan Stanley lowered their target price on shares of Cullen/Frost Bankers from $121.00 to $117.00 and set an "underweight" rating on the stock in a research note on Monday, September 30th. Finally, Stephens lifted their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Cullen/Frost Bankers presently has an average rating of "Hold" and an average target price of $127.07.

Insiders Place Their Bets

In other news, CEO Phillip D. Green sold 14,358 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the completion of the transaction, the chief executive officer now owns 94,423 shares of the company's stock, valued at approximately $13,026,597.08. This trade represents a 13.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Bobby Berman sold 3,506 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $126.31, for a total transaction of $442,842.86. Following the completion of the transaction, the executive vice president now directly owns 26,661 shares of the company's stock, valued at approximately $3,367,550.91. The trade was a 11.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,864 shares of company stock valued at $2,977,033 over the last 90 days. 2.89% of the stock is owned by company insiders.

Cullen/Frost Bankers Trading Up 0.2 %

Shares of CFR stock traded up $0.24 on Friday, hitting $137.80. 280,228 shares of the stock traded hands, compared to its average volume of 281,693. The firm's 50-day moving average price is $132.55 and its two-hundred day moving average price is $115.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market capitalization of $8.84 billion, a PE ratio of 17.10, a PEG ratio of 1.66 and a beta of 0.99. Cullen/Frost Bankers, Inc. has a twelve month low of $94.09 and a twelve month high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its earnings results on Thursday, October 31st. The bank reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.07. The company had revenue of $518.04 million during the quarter, compared to analyst estimates of $517.25 million. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. Cullen/Frost Bankers's revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.38 earnings per share. As a group, analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.75 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.76%. The ex-dividend date was Friday, November 29th. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 47.15%.

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.