5,609 Shares in Cullen/Frost Bankers, Inc. (NYSE:CFR) Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP acquired a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,609 shares of the bank’s stock, valued at approximately $627,000.

Other hedge funds have also added to or reduced their stakes in the company. Cetera Advisors LLC raised its position in shares of Cullen/Frost Bankers by 24.4% in the 1st quarter. Cetera Advisors LLC now owns 2,391 shares of the bank’s stock worth $269,000 after purchasing an additional 469 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Cullen/Frost Bankers by 44.8% in the second quarter. SG Americas Securities LLC now owns 4,720 shares of the bank’s stock worth $480,000 after buying an additional 1,460 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Cullen/Frost Bankers by 6.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,333 shares of the bank’s stock valued at $237,000 after buying an additional 137 shares during the last quarter. Oak Harvest Investment Services increased its position in shares of Cullen/Frost Bankers by 8.7% during the second quarter. Oak Harvest Investment Services now owns 28,701 shares of the bank’s stock valued at $2,917,000 after acquiring an additional 2,296 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new position in Cullen/Frost Bankers in the 2nd quarter worth approximately $217,000. 86.90% of the stock is owned by institutional investors.

Cullen/Frost Bankers Trading Up 0.2 %

CFR stock opened at $137.80 on Friday. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.66 and a beta of 0.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. Cullen/Frost Bankers, Inc. has a 1-year low of $94.09 and a 1-year high of $147.64. The business has a 50 day simple moving average of $132.55 and a two-hundred day simple moving average of $115.73.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, October 31st. The bank reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.07. The company had revenue of $518.04 million during the quarter, compared to analysts’ expectations of $517.25 million. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. Cullen/Frost Bankers’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $2.38 earnings per share. Research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.75 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.95 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.80 annualized dividend and a dividend yield of 2.76%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 47.15%.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Howard L. Kasanoff sold 4,000 shares of Cullen/Frost Bankers stock in a transaction on Friday, November 8th. The shares were sold at an average price of $138.34, for a total value of $553,360.00. Following the completion of the transaction, the executive vice president now directly owns 2,888 shares of the company’s stock, valued at $399,525.92. This trade represents a 58.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Phillip D. Green sold 14,358 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total transaction of $1,980,829.68. Following the sale, the chief executive officer now owns 94,423 shares in the company, valued at $13,026,597.08. This represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,864 shares of company stock worth $2,977,033. Corporate insiders own 2.89% of the company’s stock.

Analyst Ratings Changes

CFR has been the topic of several recent analyst reports. Wedbush dropped their price objective on Cullen/Frost Bankers from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Citigroup upped their price target on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Stephens lifted their price target on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Evercore ISI cut their price objective on shares of Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating for the company in a research report on Wednesday, October 2nd. Finally, Compass Point raised their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus target price of $127.07.

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.