Nykredit A S Invests $483,000 in Cullen/Frost Bankers, Inc. $CFR

Nykredit A S purchased a new position in Cullen/Frost Bankers, Inc. (NYSE:CFR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,129 shares of the bank’s stock, valued at approximately $483,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CFR. Goldman Sachs Group Inc. boosted its holdings in shares of Cullen/Frost Bankers by 61.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock worth $75,833,000 after purchasing an additional 230,993 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Cullen/Frost Bankers by 9.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 166,900 shares of the bank’s stock valued at $20,896,000 after purchasing an additional 15,063 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Cullen/Frost Bankers by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after buying an additional 106 shares in the last quarter. Invesco Ltd. lifted its position in Cullen/Frost Bankers by 12.2% during the second quarter. Invesco Ltd. now owns 126,040 shares of the bank’s stock worth $16,201,000 after buying an additional 13,718 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Cullen/Frost Bankers by 82.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the bank’s stock worth $151,000 after buying an additional 532 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $163.78 on Wednesday. The stock has a fifty day simple moving average of $162.66 and a 200-day simple moving average of $148.20. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.05. The stock has a market cap of $10.18 billion, a PE ratio of 15.48, a P/E/G ratio of 2.49 and a beta of 0.52. Cullen/Frost Bankers, Inc. has a twelve month low of $119.00 and a twelve month high of $170.80.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.15. The company had revenue of $576.01 million for the quarter, compared to analysts’ expectations of $589.72 million. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. During the same quarter in the prior year, the company posted $2.39 earnings per share. Equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.91 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, August 31st. Cullen/Frost Bankers’s dividend payout ratio is currently 38.94%.

Insider Activity at Cullen/Frost Bankers

In related news, EVP Carol Severyn sold 837 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $148.29, for a total transaction of $124,118.73. Following the completion of the transaction, the executive vice president owned 12,712 shares of the company’s stock, valued at approximately $1,885,062.48. This trade represents a 6.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on CFR shares. Stephens raised their target price on Cullen/Frost Bankers from $169.00 to $183.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Jefferies Financial Group raised shares of Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and boosted their price target for the company from $135.00 to $160.00 in a research report on Monday, July 6th. TD Cowen upped their price objective on shares of Cullen/Frost Bankers from $169.00 to $185.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Zacks Research cut shares of Cullen/Frost Bankers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 3rd. Finally, Morgan Stanley raised shares of Cullen/Frost Bankers from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $141.00 to $200.00 in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus price target of $166.67.

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.