Cullen/Frost Bankers, Inc. (NYSE:CFR) Holdings Lifted by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. boosted its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 4.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 312,199 shares of the bank’s stock after buying an additional 13,663 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.49% of Cullen/Frost Bankers worth $35,144,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Cullen/Frost Bankers by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,412,843 shares of the bank’s stock valued at $695,729,000 after purchasing an additional 19,755 shares during the period. Champlain Investment Partners LLC boosted its position in shares of Cullen/Frost Bankers by 18.4% in the 1st quarter. Champlain Investment Partners LLC now owns 3,192,486 shares of the bank’s stock valued at $359,378,000 after purchasing an additional 495,215 shares during the period. Janus Henderson Group PLC boosted its position in shares of Cullen/Frost Bankers by 18.8% in the 1st quarter. Janus Henderson Group PLC now owns 1,021,559 shares of the bank’s stock valued at $114,994,000 after purchasing an additional 161,580 shares during the period. Principal Financial Group Inc. boosted its position in shares of Cullen/Frost Bankers by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 821,103 shares of the bank’s stock valued at $92,432,000 after purchasing an additional 12,897 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Cullen/Frost Bankers by 44.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 798,403 shares of the bank’s stock valued at $86,619,000 after purchasing an additional 244,197 shares during the period. Institutional investors own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CFR. DA Davidson increased their price target on Cullen/Frost Bankers from $127.00 to $134.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank of Canada increased their price target on Cullen/Frost Bankers from $119.00 to $120.00 and gave the company a “sector perform” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on Cullen/Frost Bankers from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, June 27th. Jefferies Financial Group decreased their price objective on Cullen/Frost Bankers from $117.00 to $108.00 and set a “hold” rating for the company in a research report on Wednesday, July 3rd. Finally, Wedbush upped their target price on Cullen/Frost Bankers from $106.00 to $124.00 and gave the company a “neutral” rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $119.50.

Cullen/Frost Bankers Stock Up 1.5 %

Shares of Cullen/Frost Bankers stock traded up $1.76 during midday trading on Tuesday, reaching $119.74. 344,351 shares of the company’s stock traded hands, compared to its average volume of 445,638. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64. Cullen/Frost Bankers, Inc. has a 52 week low of $82.25 and a 52 week high of $123.17. The company’s 50 day simple moving average is $102.95 and its 200 day simple moving average is $105.97. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 1.49 and a beta of 1.03.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, July 25th. The bank reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.14. Cullen/Frost Bankers had a return on equity of 17.43% and a net margin of 19.51%. During the same quarter last year, the company earned $2.47 EPS. Equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.46 earnings per share for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.95 per share. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $0.92. This represents a $3.80 annualized dividend and a yield of 3.17%. The ex-dividend date is Friday, August 30th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 43.50%.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Candace K. Wolfshohl sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $119.65, for a total transaction of $598,250.00. Following the transaction, the executive vice president now directly owns 18,753 shares in the company, valued at $2,243,796.45. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.89% of the company’s stock.

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.