Jump Financial LLC Buys 9,655 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Jump Financial LLC increased its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 163.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,564 shares of the bank’s stock after purchasing an additional 9,655 shares during the quarter. Jump Financial LLC’s holdings in Cullen/Frost Bankers were worth $2,089,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CFR. Arizona State Retirement System raised its position in shares of Cullen/Frost Bankers by 0.4% during the fourth quarter. Arizona State Retirement System now owns 17,651 shares of the bank’s stock worth $2,370,000 after purchasing an additional 74 shares during the period. Ballentine Partners LLC raised its holdings in Cullen/Frost Bankers by 3.7% during the fourth quarter. Ballentine Partners LLC now owns 2,164 shares of the bank’s stock worth $291,000 after buying an additional 77 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Cullen/Frost Bankers by 45.8% during the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock valued at $33,000 after buying an additional 77 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Cullen/Frost Bankers by 4.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,086 shares of the bank’s stock worth $280,000 after acquiring an additional 86 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in shares of Cullen/Frost Bankers by 4.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 2,187 shares of the bank’s stock worth $294,000 after acquiring an additional 89 shares during the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Paul Bracher sold 11,500 shares of Cullen/Frost Bankers stock in a transaction on Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the completion of the transaction, the insider now directly owns 102,946 shares in the company, valued at approximately $14,355,819.70. The trade was 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 the SEC website. Company insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Stock Up 0.3 %

Shares of NYSE CFR opened at $111.54 on Friday. 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 stock has a market capitalization of $7.17 billion, a PE ratio of 12.57, a P/E/G ratio of 6.46 and a beta of 0.82. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64. The business’s fifty day moving average price is $125.52 and its 200-day moving average price is $130.86.

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

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a yield of 3.41%. Cullen/Frost Bankers’s payout ratio is 42.84%.

Analysts Set New Price Targets

A number of analysts have commented on the company. DA Davidson lowered Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $138.00 to $143.00 in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price objective on Cullen/Frost Bankers from $140.00 to $148.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Morgan Stanley reduced their target price on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an “underweight” rating for the company in a research note on Thursday, March 13th. Royal Bank of Canada reissued a “sector perform” rating and set a $144.00 price target on shares of Cullen/Frost Bankers in a research report on Friday, January 31st. Finally, Barclays started coverage on shares of Cullen/Frost Bankers in a research report on Tuesday, April 1st. They issued an “equal weight” rating and a $130.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Cullen/Frost Bankers presently has an average rating of “Hold” and an average target price of $132.57.

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.