Vanguard Group Inc. Raises Stake in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Vanguard Group Inc. increased its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,375,303 shares of the bank's stock after purchasing an additional 66,243 shares during the quarter. Vanguard Group Inc. owned 9.94% of Cullen/Frost Bankers worth $855,884,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CFR. Tidal Investments LLC grew its position in shares of Cullen/Frost Bankers by 30.3% during the third quarter. Tidal Investments LLC now owns 18,689 shares of the bank's stock worth $2,091,000 after buying an additional 4,348 shares in the last quarter. Barclays PLC lifted its stake in Cullen/Frost Bankers by 234.5% in the third quarter. Barclays PLC now owns 436,393 shares of the bank's stock worth $48,814,000 after acquiring an additional 305,921 shares during the last quarter. Entropy Technologies LP acquired a new position in Cullen/Frost Bankers during the 4th quarter worth approximately $389,000. National Bank of Canada FI purchased a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at approximately $1,586,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Cullen/Frost Bankers by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,903 shares of the bank's stock valued at $61,960,000 after purchasing an additional 6,443 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company's stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR traded down $13.06 during mid-day trading on Thursday, hitting $111.70. 656,293 shares of the company's stock were exchanged, compared to its average volume of 454,975. 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 fifty-two week low of $94.09 and a fifty-two week high of $147.64. The business's 50 day moving average is $132.78 and its two-hundred day moving average is $131.23. The firm has a market capitalization of $7.18 billion, a P/E ratio of 12.59, a P/E/G ratio of 6.46 and a beta of 0.82.

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Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last posted its quarterly earnings data 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%. On average, equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.95 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a yield of 3.40%. Cullen/Frost Bankers's dividend payout ratio (DPR) is 42.84%.

Insider Buying and Selling 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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CFR has been the topic of a number of analyst reports. Royal Bank of Canada restated a "sector perform" rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Evercore ISI increased 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. Morgan Stanley lowered their price target on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a report on Thursday, March 13th. Keefe, Bruyette & Woods raised their price objective 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. Finally, Compass Point boosted their price objective 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, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Cullen/Frost Bankers presently has an average rating of "Hold" and a consensus price target of $132.57.

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.