Teachers Advisors LLC lowered its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,343 shares of the bank’s stock after selling 3,981 shares during the period. Teachers Advisors LLC owned 0.11% of Cullen/Frost Bankers worth $6,512,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Cullen/Frost Bankers by 16.5% during the first quarter. Vanguard Group Inc. now owns 5,356,366 shares of the bank’s stock worth $476,557,000 after buying an additional 758,710 shares during the period. BlackRock Inc. lifted its position in Cullen/Frost Bankers by 3,918.0% during the first quarter. BlackRock Inc. now owns 4,695,956 shares of the bank’s stock worth $417,800,000 after buying an additional 4,579,082 shares during the period. JPMorgan Chase & Co. lifted its position in Cullen/Frost Bankers by 4.9% during the second quarter. JPMorgan Chase & Co. now owns 2,046,915 shares of the bank’s stock worth $192,225,000 after buying an additional 95,236 shares during the period. Principal Financial Group Inc. lifted its position in Cullen/Frost Bankers by 177.5% during the second quarter. Principal Financial Group Inc. now owns 1,830,898 shares of the bank’s stock worth $171,940,000 after buying an additional 1,171,078 shares during the period. Finally, Aristotle Capital Management LLC lifted its position in Cullen/Frost Bankers by 3.6% during the first quarter. Aristotle Capital Management LLC now owns 1,734,287 shares of the bank’s stock worth $154,299,000 after buying an additional 60,197 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently weighed in on CFR. Piper Jaffray Companies reiterated a “hold” rating and set a $96.50 target price on shares of Cullen/Frost Bankers in a research report on Friday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $95.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, September 29th. ValuEngine upgraded Cullen/Frost Bankers from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Zacks Investment Research upgraded Cullen/Frost Bankers from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $95.00 target price on shares of Cullen/Frost Bankers in a research report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Cullen/Frost Bankers currently has a consensus rating of “Hold” and an average target price of $95.13.

ILLEGAL ACTIVITY WARNING: “Teachers Advisors LLC Has $6.51 Million Position in Cullen/Frost Bankers, Inc. (CFR)” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/10/08/teachers-advisors-llc-has-6-51-million-position-in-cullenfrost-bankers-inc-cfr.html.

Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) opened at 94.89 on Friday. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 18.69 and a beta of 1.35. The firm’s 50-day moving average price is $88.71 and its 200-day moving average price is $91.13. Cullen/Frost Bankers, Inc. has a 52 week low of $69.86 and a 52 week high of $99.20.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $1.29 earnings per share for the quarter, hitting the consensus estimate of $1.29. Cullen/Frost Bankers had a return on equity of 11.23% and a net margin of 28.49%. The business had revenue of $295.87 million during the quarter, compared to analysts’ expectations of $316.40 million. During the same quarter in the previous year, the firm earned $1.11 EPS. Equities research analysts expect that Cullen/Frost Bankers, Inc. will post $5.21 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.28 annualized dividend and a dividend yield of 2.40%. Cullen/Frost Bankers’s dividend payout ratio is presently 44.79%.

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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