Goldman Sachs Group Inc. Has $93.15 Million Stock Holdings in Cullen/Frost Bankers, Inc. $CFR

Goldman Sachs Group Inc. raised its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 15.5% during the 4th quarter, HoldingsChannel reports. The firm owned 735,624 shares of the bank’s stock after purchasing an additional 98,789 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Cullen/Frost Bankers were worth $93,152,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in Cullen/Frost Bankers during the third quarter valued at approximately $28,000. Covestor Ltd grew its holdings in Cullen/Frost Bankers by 67.6% during the fourth quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. grew its holdings in Cullen/Frost Bankers by 252.1% during the fourth quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock valued at $33,000 after purchasing an additional 184 shares during the last quarter. Community Bank N.A. bought a new stake in shares of Cullen/Frost Bankers in the third quarter valued at approximately $35,000. Finally, Matrix Trust Co boosted its position in shares of Cullen/Frost Bankers by 40.4% in the fourth quarter. Matrix Trust Co now owns 320 shares of the bank’s stock valued at $41,000 after acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Ratings Changes

CFR has been the subject of several research reports. Barclays increased their price objective on Cullen/Frost Bankers from $150.00 to $155.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 7th. Royal Bank Of Canada increased their price objective on Cullen/Frost Bankers from $150.00 to $155.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Stephens raised Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 price objective for the company in a research report on Tuesday, May 5th. TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Weiss Ratings raised Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $148.73.

Cullen/Frost Bankers Stock Up 2.0%

Shares of CFR stock opened at $143.68 on Wednesday. The stock has a market cap of $9.02 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 3.57 and a beta of 0.55. Cullen/Frost Bankers, Inc. has a one year low of $119.00 and a one year high of $148.97. The stock has a fifty day moving average price of $139.73 and a 200 day moving average price of $136.31. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, April 30th. The bank reported $2.65 EPS for the quarter, topping the consensus estimate of $2.49 by $0.16. The firm had revenue of $574.84 million during the quarter, compared to analysts’ expectations of $587.29 million. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.During the same period last year, the business earned $2.30 earnings per share. Analysts predict that Cullen/Frost Bankers, Inc. will post 10.46 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, May 29th. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 40.12%.

Cullen/Frost Bankers Profile

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.