Hilton Capital Management LLC Has $6.33 Million Stake in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Hilton Capital Management LLC decreased its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,152 shares of the bank's stock after selling 3,545 shares during the period. Hilton Capital Management LLC owned approximately 0.07% of Cullen/Frost Bankers worth $6,330,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Madison Investment Advisors LLC bought a new stake in shares of Cullen/Frost Bankers during the fourth quarter worth $46,223,000. Commonwealth Equity Services LLC grew its position in Cullen/Frost Bankers by 2.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 62,413 shares of the bank's stock valued at $8,379,000 after purchasing an additional 1,233 shares in the last quarter. Swiss National Bank grew its position in Cullen/Frost Bankers by 0.3% in the fourth quarter. Swiss National Bank now owns 119,600 shares of the bank's stock valued at $16,056,000 after purchasing an additional 400 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in Cullen/Frost Bankers in the fourth quarter valued at $217,000. Finally, HighTower Advisors LLC grew its position in Cullen/Frost Bankers by 8.3% in the fourth 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 in the last quarter. Institutional investors own 86.90% of the company's stock.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the sale, the insider now owns 102,946 shares in the company, valued at $14,355,819.70. The trade was a 10.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.89% of the company's stock.

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Cullen/Frost Bankers Stock Performance

Shares of NYSE CFR traded down $1.85 during mid-day trading on Tuesday, reaching $122.64. 366,844 shares of the company were exchanged, compared to its average volume of 426,779. The company's 50-day simple moving average is $136.81 and its 200-day simple moving average is $130.26. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $7.88 billion, a P/E ratio of 13.83, a P/E/G ratio of 6.46 and a beta of 0.97. 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 posted its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share (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%. As a group, research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.10%. The ex-dividend date was Friday, February 28th. Cullen/Frost Bankers's dividend payout ratio (DPR) is 42.84%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CFR. Keefe, Bruyette & Woods raised their target price on shares of 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. DA Davidson downgraded shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and raised their target price for the company from $138.00 to $143.00 in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $144.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Compass Point raised their target price on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley decreased their target price on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a research report on Thursday, March 13th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $132.77.

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.