Ameritas Investment Partners Inc. lifted its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 0.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,280 shares of the bank’s stock after purchasing an additional 298 shares during the period. Ameritas Investment Partners Inc. owned approximately 0.08% of Cullen/Frost Bankers worth $4,721,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Alps Advisors Inc. grew its holdings in shares of Cullen/Frost Bankers by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,259 shares of the bank’s stock valued at $494,000 after purchasing an additional 14 shares in the last quarter. Somerset Trust Co grew its holdings in shares of Cullen/Frost Bankers by 0.4% in the second quarter. Somerset Trust Co now owns 6,938 shares of the bank’s stock valued at $651,000 after purchasing an additional 29 shares in the last quarter. Mosaic Family Wealth LLC grew its holdings in shares of Cullen/Frost Bankers by 4.9% in the second quarter. Mosaic Family Wealth LLC now owns 1,718 shares of the bank’s stock valued at $161,000 after purchasing an additional 80 shares in the last quarter. Synovus Financial Corp grew its holdings in shares of Cullen/Frost Bankers by 2.6% in the second quarter. Synovus Financial Corp now owns 3,254 shares of the bank’s stock valued at $306,000 after purchasing an additional 84 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado grew its holdings in shares of Cullen/Frost Bankers by 6.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,791 shares of the bank’s stock valued at $168,000 after purchasing an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

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Cullen/Frost Bankers, Inc. (NYSE CFR) traded down 0.20% on Wednesday, reaching $96.56. 73,454 shares of the company’s stock traded hands. The firm has a market capitalization of $6.20 billion, a P/E ratio of 19.01 and a beta of 1.35. Cullen/Frost Bankers, Inc. has a 52 week low of $69.86 and a 52 week high of $99.20. The stock has a 50-day moving average of $89.32 and a 200 day moving average of $91.36.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $1.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.29. The company had revenue of $295.87 million for the quarter, compared to analyst estimates of $316.40 million. Cullen/Frost Bankers had a net margin of 28.49% and a return on equity of 11.23%. During the same quarter last year, the firm posted $1.11 earnings per share. On average, equities analysts expect that Cullen/Frost Bankers, Inc. will post $5.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.57 per share. The ex-dividend date was Tuesday, August 29th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.36%. Cullen/Frost Bankers’s dividend payout ratio is currently 44.79%.

CFR has been the subject of a number of research reports. Maxim Group restated a “buy” rating and issued a $105.00 price objective on shares of Cullen/Frost Bankers in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Friday, July 7th. ValuEngine upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Morgan Stanley restated an “equal weight” rating and issued a $93.00 price objective (up previously from $90.00) on shares of Cullen/Frost Bankers in a report on Thursday, July 6th. Finally, Barclays PLC lifted their price objective on shares of Cullen/Frost Bankers from $97.00 to $100.00 and gave the company an “equal weight” rating in a report on Friday, July 28th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $95.13.

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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Institutional Ownership by Quarter for Cullen/Frost Bankers (NYSE:CFR)

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