SG Americas Securities LLC Has $5.63 Million Position in Cullen/Frost Bankers, Inc. $CFR

SG Americas Securities LLC boosted its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 137.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,453 shares of the bank’s stock after buying an additional 25,767 shares during the quarter. SG Americas Securities LLC owned approximately 0.07% of Cullen/Frost Bankers worth $5,629,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CFR. Goldman Sachs Group Inc. raised its stake 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 valued at $75,833,000 after acquiring an additional 230,993 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Cullen/Frost Bankers by 9.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 166,900 shares of the bank’s stock worth $20,896,000 after purchasing an additional 15,063 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Cullen/Frost Bankers by 40.8% in the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after purchasing an additional 106 shares during the period. Cetera Investment Advisers increased its holdings in Cullen/Frost Bankers by 1.8% in the second quarter. Cetera Investment Advisers now owns 8,664 shares of the bank’s stock valued at $1,114,000 after purchasing an additional 150 shares during the period. Finally, Prudential Financial Inc. raised its position in Cullen/Frost Bankers by 20.3% during the 2nd quarter. Prudential Financial Inc. now owns 6,525 shares of the bank’s stock worth $839,000 after purchasing an additional 1,103 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cullen/Frost Bankers

In other news, EVP Bobby Berman sold 1,000 shares of Cullen/Frost Bankers stock in a transaction on Friday, January 30th. The shares were 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 owned 28,406 shares in the company, valued at $3,893,610.42. The trade was a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CFR has been the topic of several recent research reports. Loop Capital set a $160.00 target price on Cullen/Frost Bankers in a report on Monday, February 2nd. DA Davidson raised their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Weiss Ratings raised Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Barclays upped their target price on Cullen/Frost Bankers from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $141.83.

Cullen/Frost Bankers Stock Up 1.3%

Shares of NYSE:CFR opened at $137.02 on Wednesday. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 13.81, a P/E/G ratio of 4.97 and a beta of 0.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67. The business’s 50-day moving average is $138.84 and its 200-day moving average is $131.25. 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 earnings results on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, topping the consensus estimate of $2.47 by $0.09. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the firm posted $2.36 earnings per share. Equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.00 annualized dividend and a dividend yield of 2.9%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 40.32%.

Cullen/Frost Bankers Company 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.