Jackson Square Capital LLC Invests $427,000 in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Jackson Square Capital LLC purchased a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,817 shares of the bank's stock, valued at approximately $427,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC increased its position in shares of Cullen/Frost Bankers by 18.4% in the first quarter. Champlain Investment Partners LLC now owns 3,192,486 shares of the bank's stock valued at $359,378,000 after buying an additional 495,215 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Cullen/Frost Bankers by 18.8% in the first quarter. Janus Henderson Group PLC now owns 1,021,559 shares of the bank's stock worth $114,994,000 after acquiring an additional 161,580 shares during the last quarter. Boston Trust Walden Corp acquired a new position in Cullen/Frost Bankers in the 3rd quarter valued at $107,166,000. Dimensional Fund Advisors LP boosted its stake in Cullen/Frost Bankers by 14.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 953,098 shares of the bank's stock worth $96,856,000 after purchasing an additional 120,333 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Cullen/Frost Bankers by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 648,922 shares of the bank's stock valued at $65,950,000 after buying an additional 2,420 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.

Insider Activity

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 3,506 shares of the firm's stock in a transaction 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 transaction, the executive vice president now directly owns 26,661 shares of the company's stock, valued at approximately $3,367,550.91. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CFR shares. Evercore ISI dropped their price target on Cullen/Frost Bankers from $123.00 to $115.00 and set an "underperform" rating for the company in a research report on Wednesday, October 2nd. DA Davidson increased their price target on shares of Cullen/Frost Bankers from $127.00 to $134.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Wedbush reduced their price target on shares of Cullen/Frost Bankers from $124.00 to $123.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 24th. Morgan Stanley cut their target price on Cullen/Frost Bankers from $121.00 to $117.00 and set an "underweight" rating for the company in a research note on Monday, September 30th. Finally, Compass Point upped their price target on Cullen/Frost Bankers from $111.00 to $122.00 and gave the company a "neutral" rating in a research note on Tuesday. Four equities 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $123.86.

Cullen/Frost Bankers Stock Down 3.9 %

Cullen/Frost Bankers stock traded down $5.61 during mid-day trading on Thursday, hitting $138.05. The company had a trading volume of 859,507 shares, compared to its average volume of 457,566. The stock has a market cap of $8.85 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.51 and a beta of 0.98. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 1 year low of $91.24 and a 1 year high of $144.19. The business has a fifty day moving average of $117.36 and a 200 day moving average of $109.68.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.07. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. The company had revenue of $518.04 million during the quarter, compared to the consensus estimate of $517.25 million. During the same quarter in the prior year, the firm posted $2.38 earnings per share. Cullen/Frost Bankers's revenue for the quarter was up 5.4% on a year-over-year basis. On average, sell-side analysts expect that Cullen/Frost Bankers, Inc. will post 8.71 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Friday, November 29th. Cullen/Frost Bankers's dividend payout ratio is currently 47.15%.

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.