Cullen/Frost Bankers, Inc. $CFR Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp trimmed its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,332,319 shares of the bank’s stock after selling 21,876 shares during the period. King Luther Capital Management Corp’s holdings in Cullen/Frost Bankers were worth $168,712,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of Cullen/Frost Bankers by 6.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,187,406 shares of the bank’s stock worth $150,529,000 after purchasing an additional 77,028 shares during the period. Bank of America Corp DE raised its holdings in shares of Cullen/Frost Bankers by 8.5% during the third quarter. Bank of America Corp DE now owns 1,129,673 shares of the bank’s stock worth $143,209,000 after purchasing an additional 88,080 shares during the period. Northern Trust Corp raised its holdings in shares of Cullen/Frost Bankers by 2.3% during the third quarter. Northern Trust Corp now owns 965,821 shares of the bank’s stock worth $122,437,000 after purchasing an additional 21,793 shares during the period. Impax Asset Management Group plc raised its holdings in shares of Cullen/Frost Bankers by 11.9% during the third quarter. Impax Asset Management Group plc now owns 920,833 shares of the bank’s stock worth $116,734,000 after purchasing an additional 97,955 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of Cullen/Frost Bankers by 8.0% during the third quarter. First Trust Advisors LP now owns 705,101 shares of the bank’s stock worth $89,386,000 after purchasing an additional 52,094 shares during the period. 86.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CFR shares. Barclays increased their price objective on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 7th. Cantor Fitzgerald increased their price objective on shares of Cullen/Frost Bankers from $141.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Morgan Stanley dropped their price objective on shares of Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating on the stock in a report on Tuesday, March 31st. Loop Capital set a $160.00 price objective on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. Finally, TD Cowen raised shares of Cullen/Frost Bankers to a “strong-buy” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus target price of $148.73.

Cullen/Frost Bankers Stock Performance

Shares of NYSE CFR opened at $139.50 on Wednesday. Cullen/Frost Bankers, Inc. has a 1 year low of $119.00 and a 1 year high of $148.97. The firm has a market cap of $8.76 billion, a P/E ratio of 13.58, a PEG ratio of 3.55 and a beta of 0.58. The stock has a fifty day moving average price of $138.79 and a two-hundred day moving average price of $135.29. 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 (NYSE:CFR) last announced its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.16. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.The business had revenue of $574.84 million during the quarter, compared to analyst estimates of $587.29 million. During the same quarter in the prior year, the firm posted $2.30 earnings per share. Research analysts forecast that Cullen/Frost Bankers, Inc. will post 10.41 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.0%. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, May 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 40.12%.

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.