Hsbc Holdings PLC Buys Shares of 47,379 Cullen/Frost Bankers, Inc. $CFR

Hsbc Holdings PLC purchased a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 47,379 shares of the bank’s stock, valued at approximately $7,345,000. Hsbc Holdings PLC owned 0.08% of Cullen/Frost Bankers as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CFR. BlackRock Inc. bought a new stake in Cullen/Frost Bankers during the second quarter valued at approximately $1,133,453,000. Dimensional Fund Advisors LP grew its position in shares of Cullen/Frost Bankers by 18.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,530,772 shares of the bank’s stock valued at $209,833,000 after acquiring an additional 236,808 shares during the period. Geode Capital Management LLC grew its holdings in Cullen/Frost Bankers by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,224,265 shares of the bank’s stock valued at $155,059,000 after purchasing an additional 10,246 shares during the period. Bank of America Corp DE grew its holdings in Cullen/Frost Bankers by 11.8% during the first quarter. Bank of America Corp DE now owns 1,210,722 shares of the bank’s stock valued at $165,966,000 after purchasing an additional 127,483 shares during the period. Finally, Northern Trust Corp increased its position in Cullen/Frost Bankers by 2.3% in the third quarter. Northern Trust Corp now owns 965,821 shares of the bank’s stock worth $122,437,000 after buying an additional 21,793 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Price Performance

CFR stock opened at $161.90 on Thursday. Cullen/Frost Bankers, Inc. has a 52 week low of $119.00 and a 52 week high of $170.80. The firm has a market capitalization of $10.06 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 2.50 and a beta of 0.52. The company has a fifty day simple moving average of $162.78 and a two-hundred day simple moving average of $148.32. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, topping the consensus estimate of $2.55 by $0.15. The company had revenue of $576.01 million during the quarter, compared to analyst estimates of $589.72 million. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%.During the same quarter last year, the business posted $2.39 earnings per share. Analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.91 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. Cullen/Frost Bankers’s payout ratio is currently 38.94%.

Insider Buying and Selling

In related news, EVP Carol Severyn sold 837 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $148.29, for a total value of $124,118.73. Following the sale, the executive vice president directly owned 12,712 shares of the company’s stock, valued at $1,885,062.48. This represents a 6.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CFR shares. Stephens increased their target price on shares of Cullen/Frost Bankers from $169.00 to $183.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Raymond James Financial restated a “market perform” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 1st. Jefferies Financial Group upgraded Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and increased their price target for the stock from $135.00 to $160.00 in a research note on Monday, July 6th. Royal Bank Of Canada boosted their price objective on Cullen/Frost Bankers from $168.00 to $176.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Finally, Keefe, Bruyette & Woods lifted their target price on Cullen/Frost Bankers from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $166.67.

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.