Oppenheimer & Co. Inc. Purchases 2,824 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Oppenheimer & Co. Inc. grew its position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 30.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,019 shares of the bank's stock after acquiring an additional 2,824 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Cullen/Frost Bankers were worth $1,614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. bought a new position in shares of Cullen/Frost Bankers in the third quarter worth $54,012,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Cullen/Frost Bankers by 117.4% in the third quarter. The Manufacturers Life Insurance Company now owns 568,730 shares of the bank's stock valued at $63,618,000 after acquiring an additional 307,129 shares in the last quarter. Barclays PLC increased its stake in shares of Cullen/Frost Bankers by 234.5% during the third quarter. Barclays PLC now owns 436,393 shares of the bank's stock valued at $48,814,000 after acquiring an additional 305,921 shares during the period. Strategic Financial Concepts LLC raised its holdings in Cullen/Frost Bankers by 13,334.7% during the fourth 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 in the last quarter. Finally, Champlain Investment Partners LLC lifted its position in Cullen/Frost Bankers by 7.7% in the third quarter. Champlain Investment Partners LLC now owns 3,414,061 shares of the bank's stock worth $381,897,000 after purchasing an additional 244,445 shares during the period. 86.90% of the stock is currently owned by institutional investors.

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Cullen/Frost Bankers Stock Up 1.1 %

NYSE CFR traded up $1.46 on Friday, reaching $129.32. The stock had a trading volume of 410,244 shares, compared to its average volume of 422,841. The company has a market capitalization of $8.31 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 6.46 and a beta of 0.99. The business has a 50 day moving average price of $138.26 and a 200 day moving average price of $129.33. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year high of $147.64. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. On average, analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.95 per share. The ex-dividend date is Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 2.94%. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 42.84%.

Insider Activity

In related news, insider Paul Bracher sold 11,500 shares of the firm's stock in a transaction on 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 transaction, the insider now directly owns 102,946 shares in the company, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

CFR has been the subject of several research analyst reports. Evercore ISI upped their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a report on Monday, February 10th. Royal Bank of Canada reissued a "sector perform" rating and set a $144.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Keefe, Bruyette & Woods raised their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a report on Monday, February 3rd. DA Davidson cut Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and upped their price target for the company from $138.00 to $143.00 in a report on Monday, February 3rd. Finally, Compass Point lifted their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers presently has a consensus rating of "Hold" and an average target price of $132.54.

About Cullen/Frost Bankers

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.