Orion Porfolio Solutions LLC Has $3.12 Million Stake in Cullen/Frost Bankers, Inc. $CFR

Orion Porfolio Solutions LLC lifted its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 72.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,640 shares of the bank’s stock after purchasing an additional 10,335 shares during the period. Orion Porfolio Solutions LLC’s holdings in Cullen/Frost Bankers were worth $3,124,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Cullen/Frost Bankers in the 2nd quarter valued at $90,484,000. Impax Asset Management Group plc increased its position in Cullen/Frost Bankers by 58.7% during the 2nd quarter. Impax Asset Management Group plc now owns 822,878 shares of the bank’s stock worth $104,861,000 after buying an additional 304,491 shares during the period. Fiera Capital Corp bought a new position in Cullen/Frost Bankers during the 3rd quarter worth $29,769,000. Goldman Sachs Group Inc. lifted its holdings in shares of Cullen/Frost Bankers by 61.6% during the first quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock worth $75,833,000 after buying an additional 230,993 shares in the last quarter. Finally, First National Bank of Omaha acquired a new stake in shares of Cullen/Frost Bankers during the third quarter worth $12,956,000. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Stock Down 0.6%

CFR stock opened at $134.49 on Tuesday. Cullen/Frost Bankers, Inc. has a 52 week low of $100.31 and a 52 week high of $148.97. The business has a 50-day simple moving average of $139.10 and a 200 day simple moving average of $130.80. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.05. The company has a market cap of $8.50 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 4.97 and a beta of 0.63.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $578.05 million. During the same period in the prior year, the company posted $2.36 earnings per share. Sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

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

Insider Activity

In related news, EVP Bobby Berman sold 1,000 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $137.07, for a total value of $137,070.00. Following the transaction, the executive vice president directly owned 28,406 shares of the company’s stock, valued at $3,893,610.42. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on CFR shares. Barclays upped their price target on shares of Cullen/Frost Bankers from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday, January 30th. Loop Capital set a $160.00 price objective on shares of Cullen/Frost Bankers in a research note on Monday, February 2nd. Cantor Fitzgerald increased their target price on shares of Cullen/Frost Bankers from $141.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 3rd. Royal Bank Of Canada raised their target price on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. Finally, TD Cowen reiterated a “positive” rating on shares of Cullen/Frost Bankers in a research report on Monday, February 2nd. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Cullen/Frost Bankers presently has an average rating of “Hold” and an average target price of $142.67.

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.