Vaughan Nelson Investment Management L.P. Sells 92,350 Shares of Cullen/Frost Bankers, Inc. $CFR

Vaughan Nelson Investment Management L.P. decreased its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 11.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 739,402 shares of the bank’s stock after selling 92,350 shares during the period. Cullen/Frost Bankers makes up 0.9% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 28th biggest holding. Vaughan Nelson Investment Management L.P.’s holdings in Cullen/Frost Bankers were worth $93,630,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CFR. Dimensional Fund Advisors LP raised its stake in shares of Cullen/Frost Bankers by 6.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,187,406 shares of the bank’s stock worth $150,529,000 after acquiring an additional 77,028 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Cullen/Frost Bankers by 8.5% in the third quarter. Bank of America Corp DE now owns 1,129,673 shares of the bank’s stock valued at $143,209,000 after purchasing an additional 88,080 shares in the last quarter. Northern Trust Corp raised its position in Cullen/Frost Bankers by 2.3% in the 3rd 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 last quarter. Impax Asset Management Group plc raised its position in Cullen/Frost Bankers by 11.9% in the 3rd 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 last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Cullen/Frost Bankers by 14.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 742,981 shares of the bank’s stock worth $95,503,000 after buying an additional 94,985 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Activity

In other news, EVP Bobby Berman sold 1,000 shares of the company’s 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 sale, the executive vice president directly owned 28,406 shares of the company’s stock, valued at $3,893,610.42. This represents a 3.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.14% of the company’s stock.

Cullen/Frost Bankers Stock Performance

CFR stock opened at $135.50 on Tuesday. The business’s fifty day moving average is $138.85 and its 200-day moving average is $131.18. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.05. The company has a market cap of $8.53 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 4.91 and a beta of 0.63. Cullen/Frost Bankers, Inc. has a twelve month low of $100.31 and a twelve month high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.09. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $578.05 million. Cullen/Frost Bankers had a return on equity of 15.49% and a net margin of 22.21%.During the same period last year, the company earned $2.36 EPS. Equities research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, February 27th. Cullen/Frost Bankers’s payout ratio is presently 40.32%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CFR. Royal Bank Of Canada lifted their target price on Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. TD Cowen reiterated a “positive” rating on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. Cantor Fitzgerald lifted their price objective 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. DA Davidson boosted their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Finally, Loop Capital set a $160.00 target price on shares of Cullen/Frost Bankers in a research report on Monday, February 2nd. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Cullen/Frost Bankers currently has an average rating of “Hold” and an average 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.