Bridgewater Associates LP bought a new position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,153 shares of the bank’s stock, valued at approximately $225,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Cullen/Frost Bankers by 70.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,241 shares of the bank’s stock worth $134,000 after buying an additional 511 shares during the last quarter. First Hawaiian Bank bought a new position in shares of Cullen/Frost Bankers in the 3rd quarter worth $158,000. Macquarie Group Ltd. bought a new position in shares of Cullen/Frost Bankers in the 2nd quarter worth $184,000. Moody National Bank Trust Division bought a new position in shares of Cullen/Frost Bankers in the 3rd quarter worth $187,000. Finally, Signition LP bought a new position in shares of Cullen/Frost Bankers in the 2nd quarter worth $208,000. 78.56% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Bobby Berman sold 1,391 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $101.12, for a total value of $140,657.92. Following the completion of the sale, the insider now owns 28,112 shares of the company’s stock, valued at approximately $2,842,685.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Samuel G. Dawson acquired 3,441 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was acquired at an average cost of $101.63 per share, with a total value of $349,708.83. Following the purchase, the director now directly owns 4,300 shares in the company, valued at approximately $437,009. The disclosure for this purchase can be found here. 5.15% of the stock is currently owned by corporate insiders.

CFR has been the topic of a number of research analyst reports. Morgan Stanley reissued a “hold” rating and issued a $115.00 price target on shares of Cullen/Frost Bankers in a report on Tuesday, September 18th. SunTrust Banks decreased their price target on shares of Cullen/Frost Bankers from $124.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Stephens set a $101.00 price target on shares of Cullen/Frost Bankers and gave the stock a “hold” rating in a report on Monday, October 29th. Finally, ValuEngine lowered shares of Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a report on Friday, October 26th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus price target of $115.56.

Shares of NYSE:CFR opened at $94.73 on Friday. Cullen/Frost Bankers, Inc. has a one year low of $90.02 and a one year high of $121.66. The firm has a market capitalization of $6.13 billion, a PE ratio of 17.38, a P/E/G ratio of 1.48 and a beta of 1.32. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.63 and a current ratio of 0.63.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, October 25th. The bank reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.06. Cullen/Frost Bankers had a net margin of 32.11% and a return on equity of 13.74%. The company had revenue of $353.34 million during the quarter, compared to analysts’ expectations of $337.41 million. During the same quarter in the prior year, the company earned $1.41 EPS. Research analysts expect that Cullen/Frost Bankers, Inc. will post 6.84 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.67 dividend. The ex-dividend date is Thursday, November 29th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.83%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 49.17%.

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About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas. The company operates in two segments, Banking and Frost Wealth Advisors. It provides commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction, equipment, inventories and accounts receivable, and acquisition financing; commercial leasing; and treasury management services.

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Institutional Ownership by Quarter for Cullen/Frost Bankers (NYSE:CFR)

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