482,860 Shares in Cullen/Frost Bankers, Inc. (NYSE:CFR) Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. bought a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 482,860 shares of the bank's stock, valued at approximately $54,012,000. Vaughan Nelson Investment Management L.P. owned 0.75% of Cullen/Frost Bankers at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CFR. Tidal Investments LLC grew its holdings in Cullen/Frost Bankers by 125.2% during the 1st quarter. Tidal Investments LLC now owns 11,888 shares of the bank's stock valued at $1,338,000 after buying an additional 6,610 shares in the last quarter. Natixis purchased a new position in Cullen/Frost Bankers during the 1st quarter valued at approximately $957,000. American Century Companies Inc. boosted its holdings in shares of Cullen/Frost Bankers by 11.9% in the 2nd quarter. American Century Companies Inc. now owns 68,296 shares of the bank's stock worth $6,941,000 after purchasing an additional 7,236 shares during the period. Raymond James & Associates boosted its holdings in shares of Cullen/Frost Bankers by 10.0% in the 3rd quarter. Raymond James & Associates now owns 119,447 shares of the bank's stock worth $13,361,000 after purchasing an additional 10,884 shares during the period. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Cullen/Frost Bankers by 7,109.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 250,896 shares of the bank's stock worth $255,000 after purchasing an additional 247,416 shares during the period. Institutional investors own 86.90% of the company's stock.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 3,506 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $126.31, for a total transaction of $442,842.86. Following the sale, the executive vice president now owns 26,661 shares in the company, valued at approximately $3,367,550.91. The trade was a 11.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Howard L. Kasanoff sold 4,000 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $138.34, for a total value of $553,360.00. Following the sale, the executive vice president now owns 2,888 shares in the company, valued at approximately $399,525.92. The trade was a 58.07 % decrease in their position. The disclosure for this sale can be found here. 2.89% of the stock is currently owned by corporate insiders.

Cullen/Frost Bankers Stock Down 0.2 %

Shares of CFR traded down $0.21 during trading hours on Friday, hitting $139.27. The company had a trading volume of 272,037 shares, compared to its average volume of 639,424. The company has a market capitalization of $8.93 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.68 and a beta of 0.98. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $144.89. The company's fifty day moving average price is $120.88 and its two-hundred day moving average price is $110.93.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, topping the consensus estimate of $2.17 by $0.07. The firm had revenue of $518.04 million during the quarter, compared to analyst estimates of $517.25 million. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.38 EPS. As a group, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.71 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Friday, November 29th. Cullen/Frost Bankers's dividend payout ratio is currently 47.15%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CFR shares. Maxim Group lifted their target price on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Evercore ISI dropped their target price on Cullen/Frost Bankers from $123.00 to $115.00 and set an "underperform" rating for the company in a report on Wednesday, October 2nd. Wedbush dropped their target price on Cullen/Frost Bankers from $124.00 to $123.00 and set a "neutral" rating for the company in a report on Tuesday, September 24th. Truist Financial dropped their price objective on Cullen/Frost Bankers from $126.00 to $123.00 and set a "hold" rating for the company in a report on Friday, September 20th. Finally, DA Davidson boosted their price objective on Cullen/Frost Bankers from $127.00 to $134.00 and gave the company a "buy" rating in a report on Friday, July 26th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $123.86.

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.