Cullen/Frost Bankers, Inc. $CFR Stake Lessened by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 672,782 shares of the bank’s stock after selling 84,573 shares during the period. JPMorgan Chase & Co.’s holdings in Cullen/Frost Bankers were worth $85,289,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Private Advisor Group LLC grew its holdings in Cullen/Frost Bankers by 2.9% during the 3rd quarter. Private Advisor Group LLC now owns 3,283 shares of the bank’s stock worth $416,000 after acquiring an additional 94 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Cullen/Frost Bankers by 6.2% in the 3rd quarter. Wedmont Private Capital now owns 1,687 shares of the bank’s stock valued at $215,000 after purchasing an additional 99 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Cullen/Frost Bankers by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after purchasing an additional 106 shares during the last quarter. US Bancorp DE lifted its position in shares of Cullen/Frost Bankers by 2.8% during the third quarter. US Bancorp DE now owns 3,990 shares of the bank’s stock worth $506,000 after purchasing an additional 110 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Cullen/Frost Bankers by 1.4% in the third quarter. GAMMA Investing LLC now owns 8,049 shares of the bank’s stock worth $1,020,000 after purchasing an additional 113 shares in 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 that occurred on Friday, January 30th. The stock was sold at an average price of $137.07, for a total transaction of $137,070.00. Following the sale, the executive vice president owned 28,406 shares of the company’s stock, valued at approximately $3,893,610.42. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $129.49 on Thursday. The firm has a fifty day moving average of $139.32 and a 200-day moving average of $130.85. The company has a market cap of $8.18 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 4.79 and a beta of 0.63. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.67 and a current ratio of 0.67. Cullen/Frost Bankers, Inc. has a 1 year low of $100.31 and a 1 year high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations 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 company earned $2.36 EPS. As a group, equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $1.00 dividend. The ex-dividend date was Friday, February 27th. This represents a $4.00 annualized dividend and a dividend yield of 3.1%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 40.32%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CFR. Morgan Stanley boosted their price objective on Cullen/Frost Bankers from $136.00 to $143.00 and gave the company an “underweight” rating in a report on Monday, March 2nd. Cantor Fitzgerald lifted their target price on Cullen/Frost Bankers from $141.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 3rd. Keefe, Bruyette & Woods boosted their price target on Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Royal Bank Of Canada upped their price target on Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. Finally, Loop Capital set a $160.00 price objective on Cullen/Frost Bankers in a research note on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus price target 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.