Oppenheimer & Co. Inc. Has $1.61 Million Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Oppenheimer & Co. Inc. lifted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 30.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,019 shares of the bank’s stock after buying an additional 2,824 shares during the period. Oppenheimer & Co. Inc.’s holdings in Cullen/Frost Bankers were worth $1,614,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Oppenheimer Asset Management Inc. acquired a new position in shares of Cullen/Frost Bankers during the 4th quarter worth about $1,013,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Cullen/Frost Bankers by 0.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,088 shares of the bank’s stock worth $1,757,000 after buying an additional 100 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Cullen/Frost Bankers by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 611,722 shares of the bank’s stock valued at $82,124,000 after purchasing an additional 14,422 shares during the period. Impax Asset Management Group plc bought a new stake in shares of Cullen/Frost Bankers in the 4th quarter valued at about $15,439,000. Finally, Bradley Foster & Sargent Inc. CT raised its holdings in shares of Cullen/Frost Bankers by 3.9% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 5,250 shares of the bank’s stock valued at $705,000 after purchasing an additional 198 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Down 1.6 %

Shares of CFR opened at $134.88 on Tuesday. Cullen/Frost Bankers, Inc. has a 12 month low of $94.09 and a 12 month high of $147.64. The firm’s 50 day moving average is $138.66 and its 200-day moving average is $129.00. The stock has a market capitalization of $8.66 billion, a PE ratio of 15.21, a P/E/G ratio of 6.46 and a beta of 0.99. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. Equities research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.80 annualized dividend and a dividend yield of 2.82%. Cullen/Frost Bankers’s dividend payout ratio is presently 42.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CFR shares. Citigroup upped their target price on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a report on Monday, November 4th. Keefe, Bruyette & Woods upped their target price on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $144.00 target price on shares of Cullen/Frost Bankers in a report on Friday, January 31st. DA Davidson cut shares of Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and upped their target price for the company from $138.00 to $143.00 in a report on Monday, February 3rd. Finally, Evercore ISI upped their target price on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Cullen/Frost Bankers currently has an average rating of “Hold” and an average target price of $132.54.

Insider Transactions at Cullen/Frost Bankers

In other news, insider Paul Bracher sold 11,500 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $139.45, for a total transaction of $1,603,675.00. Following the transaction, the insider now directly owns 102,946 shares of the company’s stock, valued at approximately $14,355,819.70. This trade represents a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.89% of the company’s stock.

About Cullen/Frost Bankers

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.