Jackson Square Capital LLC Has $758,000 Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Jackson Square Capital LLC increased its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 47.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,647 shares of the bank's stock after buying an additional 1,830 shares during the quarter. Jackson Square Capital LLC's holdings in Cullen/Frost Bankers were worth $758,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Keene & Associates Inc. raised its position in shares of Cullen/Frost Bankers by 1.7% during the third quarter. Keene & Associates Inc. now owns 5,240 shares of the bank's stock worth $586,000 after purchasing an additional 89 shares during the period. Asset Dedication LLC raised its holdings in Cullen/Frost Bankers by 63.3% during the 3rd quarter. Asset Dedication LLC now owns 271 shares of the bank's stock worth $30,000 after buying an additional 105 shares during the period. GAMMA Investing LLC lifted its stake in Cullen/Frost Bankers by 18.5% in the third quarter. GAMMA Investing LLC now owns 678 shares of the bank's stock valued at $76,000 after buying an additional 106 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Cullen/Frost Bankers by 169.9% in the third quarter. Covestor Ltd now owns 224 shares of the bank's stock valued at $25,000 after buying an additional 141 shares during the period. Finally, Everpar Advisors LLC increased its position in shares of Cullen/Frost Bankers by 6.1% during the fourth quarter. Everpar Advisors LLC now owns 2,702 shares of the bank's stock worth $363,000 after acquiring an additional 155 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Evercore ISI reduced their target price on shares of Cullen/Frost Bankers from $123.00 to $115.00 and set an "underperform" rating for the company in a research note on Wednesday, October 2nd. Royal Bank of Canada boosted their target price on Cullen/Frost Bankers from $118.00 to $130.00 and gave the company a "sector perform" rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods lifted their price objective on shares of Cullen/Frost Bankers from $120.00 to $140.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Wedbush decreased their target price on shares of Cullen/Frost Bankers from $124.00 to $123.00 and set a "neutral" rating for the company in a research report on Tuesday, September 24th. Finally, Citigroup raised their price objective on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a "sell" rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Cullen/Frost Bankers currently has a consensus rating of "Hold" and a consensus price target of $127.07.

Cullen/Frost Bankers Stock Performance

CFR traded up $2.97 on Friday, reaching $143.33. The company had a trading volume of 351,311 shares, compared to its average volume of 287,525. The company's fifty day moving average is $137.71 and its 200 day moving average is $122.13. 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 cap of $9.19 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.64 and a beta of 1.00. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.09 and a fifty-two week 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 analysts' consensus estimates of $2.17 by $0.07. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. The company had revenue of $518.04 million for the quarter, compared to analyst estimates of $517.25 million. During the same quarter last year, the company earned $2.38 earnings per share. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts predict that Cullen/Frost Bankers, Inc. will post 8.75 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.95 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.80 annualized dividend and a dividend yield of 2.65%. Cullen/Frost Bankers's payout ratio is 47.15%.

Insider Transactions at Cullen/Frost Bankers

In related news, EVP Howard L. Kasanoff sold 4,000 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $138.34, for a total transaction of $553,360.00. Following the sale, the executive vice president now directly owns 2,888 shares of the company's stock, valued at approximately $399,525.92. The trade was a 58.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Phillip D. Green sold 14,358 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total transaction of $1,980,829.68. Following the completion of the transaction, the chief executive officer now directly owns 94,423 shares of the company's stock, valued at approximately $13,026,597.08. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,864 shares of company stock valued at $2,977,033. Corporate insiders own 3.00% of the company's stock.

Cullen/Frost Bankers 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.