Dimensional Fund Advisors LP Purchases 15,135 Shares of Cullen/Frost Bankers, Inc. (CFR)
Dimensional Fund Advisors LP boosted its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 524,539 shares of the company’s stock after buying an additional 15,135 shares during the period. Dimensional Fund Advisors LP owned about 0.82% of Cullen/Frost Bankers worth $46,277,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in CFR. The Manufacturers Life Insurance Company purchased a new stake in Cullen/Frost Bankers during the third quarter valued at approximately $45,712,000. Neuberger Berman Group LLC increased its stake in Cullen/Frost Bankers by 12.7% in the third quarter. Neuberger Berman Group LLC now owns 2,109,902 shares of the company’s stock valued at $151,786,000 after buying an additional 237,871 shares in the last quarter. BlackRock Fund Advisors increased its stake in Cullen/Frost Bankers by 9.5% in the third quarter. BlackRock Fund Advisors now owns 2,109,192 shares of the company’s stock valued at $151,735,000 after buying an additional 183,239 shares in the last quarter. Mairs & Power INC purchased a new stake in Cullen/Frost Bankers during the third quarter valued at approximately $7,640,000. Finally, Cullen Frost Bankers Inc. increased its stake in Cullen/Frost Bankers by 38.9% in the third quarter. Cullen Frost Bankers Inc. now owns 345,668 shares of the company’s stock valued at $24,867,000 after buying an additional 96,814 shares in the last quarter. Hedge funds and other institutional investors own 81.64% of the company’s stock.
Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) opened at 89.75 on Tuesday. The company’s 50-day moving average price is $91.72 and its 200 day moving average price is $82.55. Cullen/Frost Bankers, Inc. has a one year low of $51.43 and a one year high of $96.62. The company has a market cap of $5.72 billion, a P/E ratio of 19.08 and a beta of 1.20.
Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Wednesday, January 25th. The company reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.06. Cullen/Frost Bankers had a net margin of 26.73% and a return on equity of 10.39%. The firm had revenue of $338.40 million for the quarter, compared to the consensus estimate of $305.52 million. During the same period in the prior year, the firm posted $0.90 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post $5.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were paid a dividend of $0.54 per share. The ex-dividend date was Friday, February 24th. This represents a $2.16 dividend on an annualized basis and a yield of 2.41%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 45.96%.
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Several equities research analysts have recently commented on CFR shares. SunTrust Banks, Inc. upgraded Cullen/Frost Bankers from a “hold” rating to a “buy” rating in a report on Monday, December 19th. Wedbush boosted their price objective on Cullen/Frost Bankers from $78.00 to $80.00 and gave the company an “underperform” rating in a report on Wednesday, November 30th. Barclays PLC upgraded Cullen/Frost Bankers from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $71.00 to $89.00 in a report on Tuesday, December 6th. Zacks Investment Research upgraded Cullen/Frost Bankers from a “hold” rating to a “strong-buy” rating and set a $100.00 price objective for the company in a report on Wednesday, December 21st. Finally, JPMorgan Chase & Co. upgraded Cullen/Frost Bankers from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $67.00 to $95.00 in a report on Thursday, January 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Cullen/Frost Bankers presently has a consensus rating of “Hold” and a consensus price target of $81.58.
In other Cullen/Frost Bankers news, insider Annette M. Alonzo sold 6,000 shares of the stock in a transaction on Friday, January 27th. The shares were sold at an average price of $92.03, for a total transaction of $552,180.00. Following the transaction, the insider now directly owns 2,676 shares in the company, valued at approximately $246,272.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Phillip D. Green sold 20,000 shares of the stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $93.56, for a total transaction of $1,871,200.00. Following the transaction, the chairman now owns 47,367 shares in the company, valued at $4,431,656.52. The disclosure for this sale can be found here. Insiders have sold a total of 46,940 shares of company stock worth $4,372,799 over the last quarter. 8.03% of the stock is currently owned by insiders.
About Cullen/Frost Bankers
Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.
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