Great West Life Assurance Co. Can decreased its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 45,898 shares of the bank’s stock after selling 133 shares during the period. Great West Life Assurance Co. Can’s holdings in Cullen/Frost Bankers were worth $4,305,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in CFR. Eagle Global Advisors LLC purchased a new stake in shares of Cullen/Frost Bankers during the second quarter worth about $235,000. Janney Montgomery Scott LLC purchased a new stake in shares of Cullen/Frost Bankers during the second quarter worth about $305,000. Boston Financial Mangement LLC purchased a new stake in shares of Cullen/Frost Bankers during the second quarter worth about $202,000. Public Employees Retirement Association of Colorado raised its stake in shares of Cullen/Frost Bankers by 6.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,791 shares of the bank’s stock worth $168,000 after buying an additional 107 shares during the period. Finally, Howland Capital Management LLC raised its stake in shares of Cullen/Frost Bankers by 0.9% in the second quarter. Howland Capital Management LLC now owns 63,729 shares of the bank’s stock worth $5,985,000 after buying an additional 545 shares during the period. Hedge funds and other institutional investors own 82.08% of the company’s stock.

Cullen/Frost Bankers, Inc. (NYSE CFR) opened at 87.40 on Wednesday. Cullen/Frost Bankers, Inc. has a 52 week low of $67.86 and a 52 week high of $99.20. The stock has a 50 day moving average of $93.33 and a 200-day moving average of $91.95. The stock has a market cap of $5.61 billion, a P/E ratio of 17.22 and a beta of 1.32.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, July 27th. The bank reported $1.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.29. Cullen/Frost Bankers had a net margin of 28.49% and a return on equity of 11.23%. The firm had revenue of $295.87 million for the quarter, compared to the consensus estimate of $316.40 million. During the same period in the previous year, the firm posted $1.11 earnings per share. Analysts forecast that Cullen/Frost Bankers, Inc. will post $5.27 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Tuesday, August 29th. Cullen/Frost Bankers’s dividend payout ratio is 44.79%.

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A number of analysts recently issued reports on the stock. Jefferies Group LLC restated a “hold” rating and set a $95.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, August 11th. BidaskClub lowered shares of Cullen/Frost Bankers from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Citigroup Inc. lowered shares of Cullen/Frost Bankers to an “underperform” rating in a research report on Thursday, August 10th. They noted that the move was a valuation call. Raymond James Financial, Inc. lowered shares of Cullen/Frost Bankers from a “market perform” rating to an “underperform” rating in a research report on Thursday, August 10th. Finally, J P Morgan Chase & Co lowered shares of Cullen/Frost Bankers from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $100.00 to $88.00 in a research report on Monday, July 31st. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $95.33.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.

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

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