Madison Asset Management LLC Lowers Stake in Cullen/Frost Bankers, Inc. $CFR

Madison Asset Management LLC cut its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 377,226 shares of the bank’s stock after selling 3,953 shares during the period. Madison Asset Management LLC’s holdings in Cullen/Frost Bankers were worth $47,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC bought a new position in Cullen/Frost Bankers in the 3rd quarter worth $26,000. GoalVest Advisory LLC purchased a new position in shares of Cullen/Frost Bankers in the third quarter valued at about $28,000. Hantz Financial Services Inc. boosted its stake in shares of Cullen/Frost Bankers by 8,800.0% in the second quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock worth $34,000 after acquiring an additional 264 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Cullen/Frost Bankers by 105.2% in the third quarter. Farther Finance Advisors LLC now owns 355 shares of the bank’s stock worth $45,000 after acquiring an additional 182 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of Cullen/Frost Bankers by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after purchasing an additional 106 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Insider Activity

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $3,893,610.42. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $127.00, for a total value of $88,900.00. Following the transaction, the executive vice president owned 3,795 shares of the company’s stock, valued at $481,965. This trade represents a 15.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,700 shares of company stock valued at $225,970 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Cullen/Frost Bankers Trading Down 0.5%

Shares of NYSE CFR opened at $146.40 on Wednesday. Cullen/Frost Bankers, Inc. has a 1-year low of $100.31 and a 1-year high of $148.29. 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 $133.97 and its two-hundred day moving average is $128.74. The stock has a market capitalization of $9.25 billion, a P/E ratio of 14.76, a PEG ratio of 5.41 and a beta of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. Cullen/Frost Bankers had a return on equity of 15.49% and a net margin of 22.21%.The firm had revenue of $562.58 million during the quarter, compared to analysts’ expectations of $578.05 million. During the same quarter in the previous year, the business earned $2.36 EPS. As a group, research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.00 annualized dividend and a dividend yield of 2.7%. Cullen/Frost Bankers’s dividend payout ratio is currently 40.32%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CFR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Cullen/Frost Bankers in a report on Monday, December 29th. Citigroup lifted their price objective on shares of Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a “sell” rating in a research report on Monday, February 2nd. Royal Bank Of Canada boosted their target price on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. DA Davidson raised their target price on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Finally, Barclays lifted their price target on shares of Cullen/Frost Bankers from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $140.92.

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.