Cullen/Frost Bankers, Inc. $CFR Shares Sold by Madison Asset Management LLC

Madison Asset Management LLC decreased its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 6.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 335,573 shares of the bank’s stock after selling 21,301 shares during the period. Madison Asset Management LLC’s holdings in Cullen/Frost Bankers were worth $46,000,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. M&T Bank Corp increased its stake in Cullen/Frost Bankers by 13.5% during the 4th quarter. M&T Bank Corp now owns 109,154 shares of the bank’s stock worth $13,822,000 after buying an additional 12,990 shares during the period. Concurrent Investment Advisors LLC boosted its position in Cullen/Frost Bankers by 863.1% in the 4th quarter. Concurrent Investment Advisors LLC now owns 21,448 shares of the bank’s stock valued at $2,716,000 after buying an additional 19,221 shares during the period. ProShare Advisors LLC grew its stake in shares of Cullen/Frost Bankers by 3.7% in the fourth quarter. ProShare Advisors LLC now owns 268,194 shares of the bank’s stock worth $33,961,000 after acquiring an additional 9,612 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in shares of Cullen/Frost Bankers by 915.0% in the third quarter. Tudor Investment Corp ET AL now owns 43,036 shares of the bank’s stock worth $5,456,000 after acquiring an additional 38,796 shares in the last quarter. Finally, Verition Fund Management LLC increased its position in shares of Cullen/Frost Bankers by 52.8% during the fourth quarter. Verition Fund Management LLC now owns 130,944 shares of the bank’s stock worth $16,581,000 after acquiring an additional 45,254 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CFR has been the topic of several analyst reports. Cantor Fitzgerald increased their price objective on Cullen/Frost Bankers from $154.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Morgan Stanley boosted their target price on Cullen/Frost Bankers from $133.00 to $141.00 and gave the stock an “underweight” rating in a research note on Monday, June 29th. Weiss Ratings restated a “buy (b)” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 15th. Royal Bank Of Canada increased their price target on Cullen/Frost Bankers from $150.00 to $155.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Finally, Citigroup lifted their price objective on Cullen/Frost Bankers from $131.00 to $145.00 and gave the company a “sell” rating in a research note on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Cullen/Frost Bankers has a consensus rating of “Hold” and an average price target of $152.42.

Insider Transactions at Cullen/Frost Bankers

In other news, EVP Carol Jean Severyn sold 837 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $148.29, for a total transaction of $124,118.73. Following the completion of the transaction, the executive vice president directly owned 12,712 shares of the company’s stock, valued at approximately $1,885,062.48. This represents a 6.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.14% of the stock is owned by company insiders.

Cullen/Frost Bankers Price Performance

Shares of CFR opened at $161.90 on Tuesday. Cullen/Frost Bankers, Inc. has a twelve month low of $119.00 and a twelve month high of $163.80. The firm’s fifty day simple moving average is $146.61 and its 200-day simple moving average is $141.66. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.88 and a beta of 0.54. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.16. The business had revenue of $574.84 million during the quarter, compared to analysts’ expectations of $587.28 million. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. During the same period in the previous year, the company earned $2.30 EPS. Equities analysts forecast that Cullen/Frost Bankers, Inc. will post 10.57 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $1.03 per share. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Friday, May 29th. This represents a $4.12 dividend on an annualized basis and a yield of 2.5%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 40.12%.

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.