XTX Topco Ltd Makes New $1.27 Million Investment in Cullen/Frost Bankers, Inc. (NYSE:CFR)

XTX Topco Ltd acquired a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,487 shares of the bank's stock, valued at approximately $1,274,000.

Several other institutional investors also recently bought and sold shares of CFR. Wilmington Savings Fund Society FSB purchased a new position in shares of Cullen/Frost Bankers during the third quarter valued at $29,000. UMB Bank n.a. grew its holdings in Cullen/Frost Bankers by 45.8% during the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank's stock worth $33,000 after acquiring an additional 77 shares in the last quarter. Blue Trust Inc. increased its position in 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. raised its holdings in shares of Cullen/Frost Bankers by 35.3% in 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 in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Cullen/Frost Bankers in the 4th quarter valued at about $106,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays started coverage on shares of Cullen/Frost Bankers in a report on Tuesday, April 1st. They set an "equal weight" rating and a $130.00 price objective on the stock. Evercore ISI lifted their price target 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 decreased their price objective on Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a research note on Thursday, March 13th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $144.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods boosted 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. Four analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $132.57.

Cullen/Frost Bankers Stock Performance

Shares of NYSE CFR traded up $0.35 during midday trading on Friday, reaching $111.54. The company had a trading volume of 426,124 shares, compared to its average volume of 469,036. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year high of $147.64. The business's 50-day simple moving average is $124.91 and its 200 day simple moving average is $131.20. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. The stock has a market cap of $7.17 billion, a P/E ratio of 12.57, a P/E/G ratio of 6.46 and a beta of 0.82.

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 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, analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced 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 was Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a yield of 3.41%. Cullen/Frost Bankers's dividend payout ratio is currently 42.84%.

Insider Buying and Selling

In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the company'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 sale, the insider now directly owns 102,946 shares of the company's stock, valued at approximately $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.89% of the stock is owned by corporate insiders.

Cullen/Frost Bankers Company 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.