Orion Portfolio Solutions LLC Increases Stake in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Orion Portfolio Solutions LLC boosted its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 118.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,316 shares of the bank's stock after purchasing an additional 7,750 shares during the period. Orion Portfolio Solutions LLC's holdings in Cullen/Frost Bankers were worth $1,922,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its holdings in shares of Cullen/Frost Bankers by 45.8% in the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank's stock worth $33,000 after acquiring an additional 77 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Cullen/Frost Bankers in the third quarter worth about $29,000. Blue Trust Inc. grew its stake in shares of Cullen/Frost Bankers by 239.0% during the 4th quarter. Blue Trust Inc. now owns 339 shares of the bank's stock valued at $46,000 after purchasing an additional 239 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of Cullen/Frost Bankers by 35.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock valued at $62,000 after purchasing an additional 120 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of 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 purchasing an additional 310 shares during the period. Institutional investors own 86.90% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have commented on CFR shares. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $144.00 target price on shares of Cullen/Frost Bankers in a report on Friday, January 31st. Morgan Stanley decreased their target price on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating on the stock in a report on Thursday, March 13th. Keefe, Bruyette & Woods lifted their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a "market perform" rating in a research report on Monday, February 3rd. Barclays assumed coverage on Cullen/Frost Bankers in a research report on Tuesday, April 1st. They issued an "equal weight" rating and a $130.00 price target for the company. Finally, Compass Point lifted their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Cullen/Frost Bankers currently has an average rating of "Hold" and an average target price of $132.57.

Cullen/Frost Bankers Price Performance

NYSE CFR traded down $0.93 on Monday, reaching $105.99. The company had a trading volume of 873,894 shares, compared to its average volume of 460,819. The stock has a market capitalization of $6.81 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 6.46 and a beta of 0.82. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. The firm's 50 day moving average price is $131.43 and its 200 day moving average price is $131.42.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last issued its earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

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

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the sale, the insider now directly owns 102,946 shares of the company's stock, valued at $14,355,819.70. The trade was a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.89% of the stock is currently owned by 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.