Universal Beteiligungs und Servicegesellschaft mbH Buys 3,868 Shares of Cullen/Frost Bankers, Inc. $CFR

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,246 shares of the bank’s stock after purchasing an additional 3,868 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Cullen/Frost Bankers worth $5,102,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Champlain Investment Partners LLC boosted its position in shares of Cullen/Frost Bankers by 1.0% during the second quarter. Champlain Investment Partners LLC now owns 1,734,222 shares of the bank’s stock worth $222,917,000 after buying an additional 16,771 shares during the period. Geode Capital Management LLC boosted its holdings in Cullen/Frost Bankers by 0.8% during the second quarter. Geode Capital Management LLC now owns 1,154,566 shares of the bank’s stock worth $149,558,000 after purchasing an additional 9,332 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Cullen/Frost Bankers by 3.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 831,752 shares of the bank’s stock worth $105,441,000 after purchasing an additional 25,000 shares during the last quarter. Impax Asset Management Group plc grew its position in Cullen/Frost Bankers by 58.7% in the second quarter. Impax Asset Management Group plc now owns 822,878 shares of the bank’s stock valued at $104,861,000 after purchasing an additional 304,491 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Cullen/Frost Bankers by 14.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 742,981 shares of the bank’s stock valued at $95,503,000 after buying an additional 94,985 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

CFR has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods upgraded shares of Cullen/Frost Bankers from a “market perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a report on Monday, January 5th. Morgan Stanley raised their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “underweight” rating in a research note on Monday, September 29th. Barclays lowered their price target on Cullen/Frost Bankers from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Friday, December 19th. Citigroup lifted their target price on Cullen/Frost Bankers from $112.00 to $114.00 and gave the stock a “sell” rating in a research note on Friday, October 31st. Finally, Royal Bank Of Canada raised their price target on Cullen/Frost Bankers from $140.00 to $144.00 and gave the company a “sector perform” rating in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $135.73.

Cullen/Frost Bankers Stock Down 0.8%

CFR opened at $136.38 on Tuesday. The stock has a fifty day moving average of $130.02 and a 200-day moving average of $128.38. The company has a market capitalization of $8.72 billion, a P/E ratio of 14.03, a P/E/G ratio of 2.72 and a beta of 0.63. Cullen/Frost Bankers, Inc. has a fifty-two week low of $100.31 and a fifty-two week high of $146.44. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, October 30th. The bank reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.29. Cullen/Frost Bankers had a net margin of 21.99% and a return on equity of 15.84%. The business had revenue of $567.27 million for the quarter, compared to analyst estimates of $565.54 million. During the same period last year, the firm earned $2.24 earnings per share. On average, equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, November 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 41.15%.

Insiders Place Their Bets

In other news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $481,965. This represents a 15.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.

About Cullen/Frost Bankers

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.