Madison Asset Management LLC Trims Stock Holdings in Cullen/Frost Bankers, Inc. $CFR

Madison Asset Management LLC lessened its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 356,874 shares of the bank’s stock after selling 20,352 shares during the quarter. Madison Asset Management LLC’s holdings in Cullen/Frost Bankers were worth $45,191,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in Cullen/Frost Bankers during the 3rd quarter valued at approximately $26,000. Advisory Services Network LLC acquired a new stake in Cullen/Frost Bankers during the 3rd quarter worth about $28,000. Blue Trust Inc. raised its stake in shares of Cullen/Frost Bankers by 252.1% during the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock valued at $33,000 after buying an additional 184 shares during the last quarter. Community Bank N.A. acquired a new stake in Cullen/Frost Bankers during the third quarter worth about $35,000. Finally, Matrix Trust Co lifted its holdings in Cullen/Frost Bankers by 40.4% in the fourth quarter. Matrix Trust Co now owns 320 shares of the bank’s stock valued at $41,000 after acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. 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 research note on Tuesday, March 31st. DA Davidson increased their target price on Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Loop Capital set a $160.00 price target on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. Stephens raised shares of Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 price objective on the stock in a report on Tuesday, May 5th. Finally, Barclays boosted their target price on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $145.08.

Cullen/Frost Bankers Stock Up 0.4%

Shares of NYSE:CFR opened at $136.13 on Wednesday. Cullen/Frost Bankers, Inc. has a 52-week low of $119.00 and a 52-week high of $148.97. The stock has a market cap of $8.55 billion, a P/E ratio of 13.26, a PEG ratio of 3.46 and a beta of 0.58. The business has a fifty day moving average of $138.47 and a two-hundred day moving average of $134.28. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results 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 net margin of 22.86% and a return on equity of 15.58%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $587.29 million. During the same quarter in the previous year, the company posted $2.30 EPS. On average, research analysts expect that Cullen/Frost Bankers, Inc. will post 10.41 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, May 29th. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 38.95%.

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.