Cullen/Frost Bankers, Inc. $CFR Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 39.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 61,900 shares of the bank’s stock after acquiring an additional 17,447 shares during the period. SG Americas Securities LLC’s holdings in Cullen/Frost Bankers were worth $8,485,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CFR. Norges Bank purchased a new position in shares of Cullen/Frost Bankers in the 4th quarter valued at about $92,904,000. Two Sigma Investments LP boosted its holdings in Cullen/Frost Bankers by 2,024.4% during the third quarter. Two Sigma Investments LP now owns 373,977 shares of the bank’s stock worth $47,409,000 after buying an additional 356,373 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Cullen/Frost Bankers by 16,676.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 353,470 shares of the bank’s stock worth $44,760,000 after buying an additional 351,363 shares during the period. Millennium Management LLC acquired a new position in Cullen/Frost Bankers during the third quarter worth about $29,687,000. Finally, UBS Group AG increased its holdings in Cullen/Frost Bankers by 197.5% in the third quarter. UBS Group AG now owns 349,601 shares of the bank’s stock valued at $44,319,000 after buying an additional 232,077 shares in the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $148.29, for a total transaction of $124,118.73. Following the sale, the executive vice president owned 12,712 shares in the company, valued at approximately $1,885,062.48. This represents a 6.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CFR shares. Weiss Ratings upgraded shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. DA Davidson upped their price target on Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Cullen/Frost Bankers in a research note on Monday, June 1st. TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a report on Monday, April 13th. Finally, Morgan Stanley decreased their target price on Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $148.73.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $155.18 on Friday. Cullen/Frost Bankers, Inc. has a 12-month low of $119.00 and a 12-month high of $155.41. The stock has a market cap of $9.75 billion, a P/E ratio of 15.11, a PEG ratio of 3.91 and a beta of 0.55. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $141.73 and a two-hundred day moving average of $138.38.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, April 30th. The bank reported $2.65 EPS for the quarter, beating the consensus estimate of $2.49 by $0.16. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. The business had revenue of $574.84 million for the quarter, compared to analyst estimates of $587.28 million. During the same period in the prior year, the business earned $2.30 earnings per share. As a group, research analysts predict that Cullen/Frost Bankers, Inc. will post 10.54 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, May 29th. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. Cullen/Frost Bankers’s dividend payout ratio is currently 40.12%.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.