Brevan Howard Capital Management LP Increases Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Brevan Howard Capital Management LP boosted its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 81.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,128 shares of the bank’s stock after acquiring an additional 2,299 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Cullen/Frost Bankers were worth $688,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Cullen/Frost Bankers by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 6,375,303 shares of the bank’s stock worth $855,884,000 after buying an additional 66,243 shares in the last quarter. Boston Trust Walden Corp raised its position in Cullen/Frost Bankers by 9.8% in the 4th quarter. Boston Trust Walden Corp now owns 1,052,290 shares of the bank’s stock worth $141,270,000 after purchasing an additional 94,252 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Cullen/Frost Bankers by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,026,585 shares of the bank’s stock valued at $137,823,000 after acquiring an additional 6,159 shares during the last quarter. Northern Trust Corp boosted its holdings in Cullen/Frost Bankers by 33.7% during the 4th quarter. Northern Trust Corp now owns 973,576 shares of the bank’s stock valued at $130,703,000 after acquiring an additional 245,458 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Cullen/Frost Bankers by 1.1% during the 4th quarter. JPMorgan Chase & Co. now owns 834,015 shares of the bank’s stock worth $111,967,000 after acquiring an additional 9,050 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Matthew Bradley Henson acquired 1,870 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were acquired at an average price of $16.93 per share, for a total transaction of $31,659.10. Following the completion of the transaction, the chief accounting officer now directly owns 5,545 shares of the company’s stock, valued at approximately $93,876.85. The trade was a 50.88 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Morgan Stanley cut their target price on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating on the stock in a report on Thursday, March 13th. Royal Bank of Canada lowered their price target on Cullen/Frost Bankers from $147.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday, May 2nd. Barclays boosted their price target on shares of Cullen/Frost Bankers from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. DA Davidson lowered Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and increased their target price for the stock from $138.00 to $143.00 in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $132.14.

Cullen/Frost Bankers Trading Up 1.9 %

NYSE:CFR opened at $124.97 on Friday. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 6.46 and a beta of 0.67. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. The business has a fifty day moving average price of $118.84 and a 200-day moving average price of $131.02. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.13. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. The firm had revenue of $560.42 million for the quarter, compared to analysts’ expectations of $540.57 million. During the same period in the previous year, the firm earned $2.15 EPS. Sell-side analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, May 30th. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $0.95. This represents a $4.00 dividend on an annualized basis and a yield of 3.20%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 43.91%.

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.