Jacobs Levy Equity Management Inc. Has $50.32 Million Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Jacobs Levy Equity Management Inc. raised its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 15.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 449,801 shares of the bank's stock after acquiring an additional 60,176 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.70% of Cullen/Frost Bankers worth $50,315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CFR. HighTower Advisors LLC grew its holdings in shares of Cullen/Frost Bankers by 9.1% in the 3rd quarter. HighTower Advisors LLC now owns 12,080 shares of the bank's stock valued at $1,351,000 after buying an additional 1,006 shares during the period. Benjamin Edwards Inc. grew its holdings in shares of Cullen/Frost Bankers by 153.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 4,621 shares of the bank's stock valued at $517,000 after buying an additional 2,799 shares during the period. Paloma Partners Management Co acquired a new position in shares of Cullen/Frost Bankers in the 3rd quarter valued at $201,000. Captrust Financial Advisors grew its holdings in shares of Cullen/Frost Bankers by 3.2% in the 3rd quarter. Captrust Financial Advisors now owns 17,522 shares of the bank's stock valued at $1,960,000 after buying an additional 547 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Cullen/Frost Bankers by 6.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,924 shares of the bank's stock valued at $1,222,000 after buying an additional 654 shares during the period. Institutional investors own 86.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CFR shares. Wedbush decreased their price target on shares of Cullen/Frost Bankers from $124.00 to $123.00 and set a "neutral" rating for the company in a report on Tuesday, September 24th. Keefe, Bruyette & Woods boosted their price target 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. Citigroup boosted their price target on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a "sell" rating in a report on Monday, November 4th. 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. Finally, Royal Bank of Canada upped their target price on shares of Cullen/Frost Bankers from $118.00 to $130.00 and gave the stock a "sector perform" rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Cullen/Frost Bankers currently has an average rating of "Hold" and an average price target of $125.43.

Cullen/Frost Bankers Stock Down 0.7 %

NYSE:CFR traded down $1.00 on Wednesday, hitting $138.39. 47,596 shares of the company's stock were exchanged, compared to its average volume of 449,382. The firm has a 50-day moving average price of $128.15 and a 200-day moving average price of $113.84. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. Cullen/Frost Bankers, Inc. has a 52 week low of $94.09 and a 52 week high of $147.64. The company has a market cap of $8.88 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, topping the consensus estimate of $2.17 by $0.07. The firm had revenue of $518.04 million for the quarter, compared to analysts' expectations of $517.25 million. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.38 EPS. As a group, analysts expect that Cullen/Frost Bankers, Inc. will post 8.73 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

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

Insider Activity

In other Cullen/Frost Bankers news, CEO Phillip D. Green sold 14,358 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 94,423 shares of the company's stock, valued at $13,026,597.08. This represents a 13.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bobby Berman sold 3,506 shares of the stock in a transaction dated 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 in the company, valued at approximately $3,367,550.91. This represents a 11.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,864 shares of company stock valued at $2,977,033. 3.00% of the stock is owned by company insiders.

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.