Quantbot Technologies LP Makes New Investment in Cullen/Frost Bankers, Inc. $CFR

Quantbot Technologies LP bought a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 34,703 shares of the bank’s stock, valued at approximately $4,399,000. Quantbot Technologies LP owned 0.05% of Cullen/Frost Bankers at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cullen Frost Bankers Inc. grew its holdings in Cullen/Frost Bankers by 62.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 38,734 shares of the bank’s stock valued at $4,910,000 after purchasing an additional 14,831 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Cullen/Frost Bankers by 3,892.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 100,368 shares of the bank’s stock valued at $12,901,000 after buying an additional 97,854 shares during the last quarter. Truist Financial Corp grew its stake in shares of Cullen/Frost Bankers by 21.8% during the third quarter. Truist Financial Corp now owns 40,306 shares of the bank’s stock valued at $5,110,000 after acquiring an additional 7,217 shares in the last quarter. Legal & General Group Plc increased its position in shares of Cullen/Frost Bankers by 3.4% during the second quarter. Legal & General Group Plc now owns 100,690 shares of the bank’s stock worth $12,943,000 after acquiring an additional 3,313 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Cullen/Frost Bankers by 30.2% during the second quarter. Russell Investments Group Ltd. now owns 102,234 shares of the bank’s stock worth $13,141,000 after acquiring an additional 23,714 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Activity

In other news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total transaction of $88,900.00. Following the sale, the executive vice president directly owned 3,795 shares in the company, valued at approximately $481,965. This represents a 15.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bobby Berman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $137.07, for a total value of $137,070.00. Following the completion of the sale, the executive vice president directly owned 28,406 shares in the company, valued at approximately $3,893,610.42. This trade represents a 3.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,700 shares of company stock worth $225,970. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on CFR shares. Citigroup increased their price target on Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a “sell” rating in a report on Monday, February 2nd. Loop Capital set a $160.00 target price on Cullen/Frost Bankers in a research note on Monday, February 2nd. DA Davidson lifted their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. TD Cowen reaffirmed a “positive” rating on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cullen/Frost Bankers in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus price target of $140.92.

Cullen/Frost Bankers Stock Performance

CFR stock opened at $138.15 on Monday. The stock’s 50 day simple moving average is $138.00 and its 200 day simple moving average is $130.28. Cullen/Frost Bankers, Inc. has a 12-month low of $100.31 and a 12-month high of $148.97. The firm has a market cap of $8.73 billion, a P/E ratio of 13.93, a P/E/G ratio of 5.08 and a beta of 0.63. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.09. The firm had revenue of $562.58 million during the quarter, compared to analyst estimates of $578.05 million. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. During the same quarter in the previous year, the firm earned $2.36 earnings per share. As a group, equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, February 27th. Cullen/Frost Bankers’s dividend payout ratio is currently 40.32%.

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.