Aperio Group LLC Acquires 276 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)
Aperio Group LLC raised its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,800 shares of the bank’s stock after buying an additional 276 shares during the period. Aperio Group LLC’s holdings in Cullen/Frost Bankers were worth $2,423,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invictus RG acquired a new position in Cullen/Frost Bankers during the first quarter worth $109,000. Mosaic Family Wealth LLC raised its position in Cullen/Frost Bankers by 2.8% in the first quarter. Mosaic Family Wealth LLC now owns 1,638 shares of the bank’s stock worth $146,000 after buying an additional 44 shares during the period. Americafirst Capital Management LLC acquired a new position in Cullen/Frost Bankers during the first quarter worth $156,000. Paloma Partners Management Co acquired a new position in Cullen/Frost Bankers during the first quarter worth $206,000. Finally, Evanson Asset Management LLC acquired a new position in Cullen/Frost Bankers during the first quarter worth $245,000. 80.80% of the stock is currently owned by hedge funds and other institutional investors.
Cullen/Frost Bankers, Inc. (NYSE CFR) traded down 0.88% on Monday, hitting $91.44. 38,817 shares of the company were exchanged. Cullen/Frost Bankers, Inc. has a 52 week low of $65.64 and a 52 week high of $99.20. The company has a 50 day moving average price of $94.78 and a 200-day moving average price of $91.92. The stock has a market capitalization of $5.87 billion, a P/E ratio of 18.01 and a beta of 1.32.
Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, July 27th. The bank reported $1.29 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.29. The company had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $316.40 million. Cullen/Frost Bankers had a net margin of 28.49% and a return on equity of 11.23%. During the same quarter in the previous year, the business posted $1.11 EPS. On average, equities analysts expect that Cullen/Frost Bankers, Inc. will post $5.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Tuesday, August 29th. Cullen/Frost Bankers’s payout ratio is 44.79%.
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A number of research firms have weighed in on CFR. Maxim Group reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Cullen/Frost Bankers in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $100.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, July 28th. Stephens set a $97.00 price objective on shares of Cullen/Frost Bankers and gave the company a “hold” rating in a research note on Thursday, July 27th. Finally, Barclays PLC set a $97.00 price objective on shares of Cullen/Frost Bankers and gave the company a “hold” rating in a research note on Sunday, July 30th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus price target of $95.33.
In other news, Director Graham M. Weston purchased 22,081 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average price of $90.56 per share, for a total transaction of $1,999,655.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.15% of the company’s stock.
About Cullen/Frost Bankers
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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