Cullen/Frost Bankers, Inc. (NYSE:CFR) Stock Position Lifted by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 58.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,344 shares of the bank's stock after buying an additional 1,978 shares during the quarter. Jones Financial Companies Lllp's holdings in Cullen/Frost Bankers were worth $717,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vaughan Nelson Investment Management L.P. purchased a new position in Cullen/Frost Bankers during the 3rd quarter valued at about $54,012,000. The Manufacturers Life Insurance Company increased its stake in shares of Cullen/Frost Bankers by 117.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 568,730 shares of the bank's stock worth $63,618,000 after purchasing an additional 307,129 shares in the last quarter. Barclays PLC raised its position in shares of Cullen/Frost Bankers by 234.5% during the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank's stock worth $48,814,000 after purchasing an additional 305,921 shares during the last quarter. Strategic Financial Concepts LLC raised its position in shares of Cullen/Frost Bankers by 13,334.7% during the 4th quarter. Strategic Financial Concepts LLC now owns 281,860 shares of the bank's stock worth $37,840,000 after purchasing an additional 279,762 shares during the last quarter. Finally, Champlain Investment Partners LLC grew its holdings in Cullen/Frost Bankers by 7.7% during the 3rd quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank's stock valued at $381,897,000 after buying an additional 244,445 shares during the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In related news, insider Paul Bracher sold 11,500 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the transaction, the insider now owns 102,946 shares in the company, valued at approximately $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.89% of the company's stock.

Wall Street Analysts Forecast Growth

CFR has been the subject of a number of analyst reports. Royal Bank of Canada reissued a "sector perform" rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Morgan Stanley cut 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 note on Thursday. Evercore ISI raised their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an "underperform" rating in a research note on Monday, February 10th. DA Davidson lowered shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $138.00 to $143.00 in a research report on Monday, February 3rd. Finally, Compass Point raised 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 report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Cullen/Frost Bankers presently has an average rating of "Hold" and an average price target of $132.77.

Cullen/Frost Bankers Trading Down 2.9 %

NYSE CFR traded down $3.64 during mid-day trading on Thursday, hitting $119.72. The company's stock had a trading volume of 374,735 shares, compared to its average volume of 426,274. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. Cullen/Frost Bankers, Inc. has a 52-week low of $94.09 and a 52-week high of $147.64. The stock's fifty day simple moving average is $137.52 and its two-hundred day simple moving average is $129.91. The firm has a market capitalization of $7.69 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 6.46 and a beta of 0.97.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share 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%. Research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Friday, February 28th. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 42.84%.

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.