Brookstone Capital Management Purchases Shares of 2,106 Cullen/Frost Bankers, Inc. (NYSE:CFR)

Brookstone Capital Management purchased a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,106 shares of the bank’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its holdings in Cullen/Frost Bankers by 20.7% during the 2nd quarter. State Street Corp now owns 5,409,625 shares of the bank’s stock worth $581,697,000 after acquiring an additional 928,420 shares during the last quarter. Capital Research Global Investors boosted its holdings in Cullen/Frost Bankers by 39.1% during the 1st quarter. Capital Research Global Investors now owns 2,408,656 shares of the bank’s stock worth $333,382,000 after acquiring an additional 676,467 shares during the last quarter. Norges Bank purchased a new position in Cullen/Frost Bankers during the 4th quarter worth $81,228,000. JPMorgan Chase & Co. boosted its holdings in Cullen/Frost Bankers by 44.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,027,531 shares of the bank’s stock worth $108,240,000 after acquiring an additional 316,556 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Cullen/Frost Bankers by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,252,456 shares of the bank’s stock worth $826,700,000 after acquiring an additional 234,639 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Cullen/Frost Bankers from $109.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $118.00 price target on shares of Cullen/Frost Bankers in a report on Friday, January 26th. UBS Group boosted their price target on shares of Cullen/Frost Bankers from $110.00 to $116.00 and gave the stock a “neutral” rating in a report on Monday, January 29th. Keefe, Bruyette & Woods cut their price target on shares of Cullen/Frost Bankers from $125.00 to $118.00 and set a “market perform” rating on the stock in a report on Friday, January 26th. Finally, Citigroup assumed coverage on shares of Cullen/Frost Bankers in a report on Friday, December 1st. They issued a “sell” rating and a $94.00 price target on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $113.77.

Insider Buying and Selling

In related news, insider Paul Bracher sold 9,820 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $109.40, for a total value of $1,074,308.00. Following the transaction, the insider now directly owns 96,380 shares in the company, valued at $10,543,972. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Bobby Berman sold 1,312 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $105.49, for a total transaction of $138,402.88. Following the completion of the sale, the executive vice president now owns 27,815 shares of the company’s stock, valued at $2,934,204.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paul Bracher sold 9,820 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $109.40, for a total value of $1,074,308.00. Following the sale, the insider now directly owns 96,380 shares of the company’s stock, valued at approximately $10,543,972. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Cullen/Frost Bankers Trading Up 4.1 %

Shares of CFR opened at $111.27 on Thursday. The business’s 50-day moving average price is $107.04 and its 200-day moving average price is $101.01. Cullen/Frost Bankers, Inc. has a twelve month low of $82.25 and a twelve month high of $120.31. The stock has a market cap of $7.15 billion, a PE ratio of 12.23, a P/E/G ratio of 1.33 and a beta of 1.03. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.17. The firm had revenue of $523.66 million for the quarter, compared to analysts’ expectations of $498.09 million. Cullen/Frost Bankers had a return on equity of 19.66% and a net margin of 22.60%. On average, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.47 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Wednesday, February 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 40.44%.

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.