Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 834,015 shares of the bank's stock after purchasing an additional 9,050 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.30% of Cullen/Frost Bankers worth $111,967,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CFR. UMB Bank n.a. lifted its holdings in Cullen/Frost Bankers by 45.8% in the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank's stock valued at $33,000 after purchasing an additional 77 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Cullen/Frost Bankers during the third quarter valued at approximately $29,000. Blue Trust Inc. boosted its position in Cullen/Frost Bankers by 239.0% during the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank's stock worth $46,000 after acquiring an additional 239 shares during the last quarter. Quarry LP grew its stake in Cullen/Frost Bankers by 134.2% in the 3rd quarter. Quarry LP now owns 541 shares of the bank's stock worth $61,000 after acquiring an additional 310 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Cullen/Frost Bankers during the 4th quarter worth $106,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Down 0.9 %

Shares of NYSE CFR traded down $0.93 on Monday, hitting $105.99. The company had a trading volume of 873,894 shares, compared to its average volume of 460,819. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 12-month low of $94.09 and a 12-month high of $147.64. The firm has a market capitalization of $6.81 billion, a P/E ratio of 11.95, a PEG ratio of 6.46 and a beta of 0.82. The business has a 50 day moving average of $131.43 and a two-hundred day moving average of $131.42.

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Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released 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 return on equity of 15.95% and a net margin of 20.44%. As a group, equities research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Friday, February 28th. Cullen/Frost Bankers's payout ratio is 42.84%.

Insider Buying and Selling

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the company's 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 transaction, the insider now directly owns 102,946 shares of the company's stock, valued at $14,355,819.70. This represents a 10.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.89% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Barclays initiated coverage on Cullen/Frost Bankers in a research report on Tuesday, April 1st. They set an "equal weight" rating and a $130.00 target price on the stock. Morgan Stanley decreased their target price on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a research report on Thursday, March 13th. Evercore ISI upped 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 report on Monday, February 10th. Keefe, Bruyette & Woods lifted their price target on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a report on Monday, February 3rd. Finally, DA Davidson cut 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 note on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Cullen/Frost Bankers has a consensus rating of "Hold" and a consensus target price of $132.57.

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.