First Trust Advisors LP Increases Stake in Cullen/Frost Bankers, Inc. $CFR

First Trust Advisors LP increased its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 8.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 705,101 shares of the bank’s stock after purchasing an additional 52,094 shares during the period. First Trust Advisors LP’s holdings in Cullen/Frost Bankers were worth $89,386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. raised its holdings in shares of Cullen/Frost Bankers by 62.0% in the third quarter. Cullen Frost Bankers Inc. now owns 38,734 shares of the bank’s stock worth $4,910,000 after buying an additional 14,831 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Cullen/Frost Bankers by 3,892.4% during the second 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 increased its position in shares of Cullen/Frost Bankers by 21.8% in the 3rd 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 during the period. Legal & General Group Plc increased its position in shares of Cullen/Frost Bankers by 3.4% in the 2nd quarter. Legal & General Group Plc now owns 100,690 shares of the bank’s stock valued at $12,943,000 after acquiring an additional 3,313 shares during the period. Finally, SG Americas Securities LLC raised its stake in Cullen/Frost Bankers by 1,578.9% in the 3rd quarter. SG Americas Securities LLC now owns 18,686 shares of the bank’s stock worth $2,369,000 after acquiring an additional 17,573 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $134.49 on Tuesday. The firm has a market capitalization of $8.50 billion, a P/E ratio of 13.56, a PEG ratio of 4.97 and a beta of 0.63. The stock has a 50-day simple moving average of $139.10 and a two-hundred day simple moving average of $130.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.67 and a current ratio of 0.67. Cullen/Frost Bankers, Inc. has a fifty-two week low of $100.31 and a fifty-two week high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $578.05 million. Cullen/Frost Bankers had a return on equity of 15.49% and a net margin of 22.21%.During the same quarter in the prior year, the business earned $2.36 earnings per share. On average, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.00 dividend on an annualized basis and a yield of 3.0%. Cullen/Frost Bankers’s payout ratio is presently 40.32%.

Insider Buying and Selling

In other news, EVP Bobby Berman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $137.07, for a total transaction of $137,070.00. Following the sale, the executive vice president owned 28,406 shares of the company’s stock, valued at $3,893,610.42. This trade represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Loop Capital set a $160.00 price target on Cullen/Frost Bankers in a research report on Monday, February 2nd. Royal Bank Of Canada increased their price objective on Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. Barclays raised their price objective on Cullen/Frost Bankers from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Weiss Ratings upgraded Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Finally, Cantor Fitzgerald increased their price target on shares of Cullen/Frost Bankers from $141.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus target price of $142.67.

Cullen/Frost Bankers Company 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.