Teacher Retirement System of Texas Purchases 4,044 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Teacher Retirement System of Texas raised its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 44.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,196 shares of the bank's stock after purchasing an additional 4,044 shares during the quarter. Teacher Retirement System of Texas' holdings in Cullen/Frost Bankers were worth $1,772,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Arizona State Retirement System grew its stake in Cullen/Frost Bankers by 0.4% in the 4th quarter. Arizona State Retirement System now owns 17,651 shares of the bank's stock valued at $2,370,000 after buying an additional 74 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Cullen/Frost Bankers by 3.7% during the 4th quarter. Ballentine Partners LLC now owns 2,164 shares of the bank's stock worth $291,000 after purchasing an additional 77 shares in the last quarter. UMB Bank n.a. boosted its stake in Cullen/Frost Bankers by 45.8% in the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank's stock worth $33,000 after purchasing an additional 77 shares during the period. Strategic Financial Concepts LLC grew its holdings in Cullen/Frost Bankers by 4.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank's stock valued at $294,000 after buying an additional 89 shares in the last quarter. Finally, First Dallas Securities Inc. increased its position in shares of Cullen/Frost Bankers by 2.5% during the fourth quarter. First Dallas Securities Inc. now owns 4,028 shares of the bank's stock valued at $541,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 86.90% of the company's stock.

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Cullen/Frost Bankers Price Performance

Shares of CFR stock traded up $0.90 during trading hours on Monday, hitting $125.32. 380,816 shares of the company's stock were exchanged, compared to its average volume of 451,569. The company has a market capitalization of $8.06 billion, a PE ratio of 14.13, a PEG ratio of 6.46 and a beta of 0.97. 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, Inc. has a 12-month low of $94.09 and a 12-month high of $147.64. The business's 50 day simple moving average is $134.05 and its 200-day simple moving average is $131.31.

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

Cullen/Frost Bankers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Friday, February 28th. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 42.84%.

Analyst Ratings Changes

CFR has been the topic of a number of analyst reports. DA Davidson lowered shares of Cullen/Frost Bankers from a "buy" rating to a "neutral" rating and upped their target price for the stock from $138.00 to $143.00 in a report on Monday, February 3rd. Morgan Stanley lowered their price objective on 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 lifted their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods upped their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a research note on Monday, February 3rd. Finally, Compass Point lifted their price target 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 analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $132.77.

Insider Buying and Selling

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the completion of the sale, the insider now 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.89% of the stock is owned by corporate insiders.

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.