Aristotle Capital Management LLC Sells 318,099 Shares of Cullen/Frost Bankers, Inc. $CFR

Aristotle Capital Management LLC trimmed its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 5.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,280,713 shares of the bank’s stock after selling 318,099 shares during the quarter. Aristotle Capital Management LLC owned approximately 0.08% of Cullen/Frost Bankers worth $669,448,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CFR. Norges Bank acquired a new position in shares of Cullen/Frost Bankers in the second quarter valued at approximately $90,484,000. Two Sigma Investments LP raised its holdings in Cullen/Frost Bankers by 2,024.4% in the 3rd quarter. Two Sigma Investments LP now owns 373,977 shares of the bank’s stock valued at $47,409,000 after buying an additional 356,373 shares during the last quarter. Fiera Capital Corp acquired a new stake in Cullen/Frost Bankers during the 3rd quarter worth approximately $29,769,000. UBS Group AG boosted its position in Cullen/Frost Bankers by 197.5% during the 3rd quarter. UBS Group AG now owns 349,601 shares of the bank’s stock worth $44,319,000 after buying an additional 232,077 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Cullen/Frost Bankers by 61.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock worth $75,833,000 after acquiring an additional 230,993 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, EVP Bobby Berman sold 1,000 shares of Cullen/Frost Bankers stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $137.07, for a total value of $137,070.00. Following the completion of the transaction, the executive vice president directly owned 28,406 shares of the company’s stock, valued at approximately $3,893,610.42. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. DA Davidson upped their price target on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Keefe, Bruyette & Woods lifted their price target on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Barclays boosted their price objective on shares of Cullen/Frost Bankers from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Weiss Ratings upgraded Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Finally, Morgan Stanley raised their target price on Cullen/Frost Bankers from $136.00 to $143.00 and gave the stock an “underweight” rating in a research report on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $142.67.

Cullen/Frost Bankers Trading Down 0.6%

NYSE:CFR opened at $132.10 on Friday. Cullen/Frost Bankers, Inc. has a 52 week low of $100.31 and a 52 week high of $148.97. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s fifty day moving average is $139.56 and its 200-day moving average is $130.86. The firm has a market cap of $8.35 billion, a P/E ratio of 13.32, a P/E/G ratio of 4.85 and a beta of 0.63.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $578.05 million. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. During the same quarter last year, the firm earned $2.36 earnings per share. 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 declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, February 27th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 40.32%.

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.