Cullen/Frost Bankers, Inc. $CFR Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 1,578.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,686 shares of the bank’s stock after acquiring an additional 17,573 shares during the period. SG Americas Securities LLC’s holdings in Cullen/Frost Bankers were worth $2,369,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new stake in Cullen/Frost Bankers in the second quarter valued at $90,484,000. Impax Asset Management Group plc raised its stake in shares of Cullen/Frost Bankers by 58.7% in the 2nd 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. Goldman Sachs Group Inc. lifted its position 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 purchasing an additional 230,993 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Cullen/Frost Bankers by 3,892.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 100,368 shares of the bank’s stock worth $12,901,000 after purchasing an additional 97,854 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Cullen/Frost Bankers by 13.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 806,752 shares of the bank’s stock worth $103,700,000 after purchasing an additional 95,225 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of Cullen/Frost Bankers 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 owned 3,795 shares of the company’s stock, valued at $481,965. The trade was a 15.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Cullen/Frost Bankers Stock Down 0.0%

Cullen/Frost Bankers stock opened at $134.93 on Wednesday. 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, Inc. has a one year low of $100.31 and a one year high of $146.44. The company has a 50-day simple moving average of $127.27 and a 200-day simple moving average of $128.12. The firm has a market capitalization of $8.63 billion, a P/E ratio of 13.88, a P/E/G ratio of 2.67 and a beta of 0.63.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, October 30th. The bank reported $2.67 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $567.27 million during the quarter, compared to analyst estimates of $565.54 million. During the same period in the previous year, the business posted $2.24 EPS. As a group, equities analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, November 28th. Cullen/Frost Bankers’s dividend payout ratio is 41.15%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup upped their price objective on Cullen/Frost Bankers from $112.00 to $114.00 and gave the company a “sell” rating in a research note on Friday, October 31st. TD Cowen raised Cullen/Frost Bankers to a “strong-buy” rating in a research report on Thursday, September 25th. Keefe, Bruyette & Woods raised shares of Cullen/Frost Bankers from a “market perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a report on Monday, January 5th. Royal Bank Of Canada boosted their target price on shares of Cullen/Frost Bankers from $140.00 to $144.00 and gave the company a “sector perform” rating in a research note on Friday, October 10th. Finally, Evercore ISI raised their price target on shares of Cullen/Frost Bankers from $135.00 to $137.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Cullen/Frost Bankers currently has an average rating of “Hold” and an average price target of $135.73.

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.