Atria Wealth Solutions Inc. Lowers Holdings in Cullen/Frost Bankers, Inc. $CFR

Atria Wealth Solutions Inc. decreased its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 20.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,125 shares of the bank’s stock after selling 549 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Cullen/Frost Bankers were worth $273,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CFR. GAMMA Investing LLC raised its stake in Cullen/Frost Bankers by 877.5% during the first quarter. GAMMA Investing LLC now owns 8,035 shares of the bank’s stock valued at $1,006,000 after buying an additional 7,213 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Cullen/Frost Bankers by 2.9% during the first quarter. State of Alaska Department of Revenue now owns 7,524 shares of the bank’s stock valued at $942,000 after buying an additional 210 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Cullen/Frost Bankers by 1.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,682 shares of the bank’s stock valued at $962,000 after buying an additional 134 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in Cullen/Frost Bankers during the first quarter valued at $30,000. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in shares of Cullen/Frost Bankers by 1.4% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 371,748 shares of the bank’s stock worth $46,543,000 after purchasing an additional 5,157 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CFR shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Cullen/Frost Bankers in a report on Wednesday, October 8th. Royal Bank Of Canada lifted their target price on Cullen/Frost Bankers from $140.00 to $144.00 and gave the stock a “sector perform” rating in a report on Friday, October 10th. Cantor Fitzgerald started coverage on Cullen/Frost Bankers in a report on Wednesday, September 10th. They issued a “neutral” rating and a $138.00 target price for the company. Morgan Stanley lifted their target price on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “underweight” rating in a report on Monday, September 29th. Finally, Raymond James Financial reduced their target price on Cullen/Frost Bankers from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $137.62.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $124.78 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64. Cullen/Frost Bankers, Inc. has a one year low of $100.31 and a one year high of $147.64. The firm has a market capitalization of $8.03 billion, a P/E ratio of 13.43, a PEG ratio of 3.03 and a beta of 0.71. The business has a fifty day moving average of $127.16 and a 200 day moving average of $126.14.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, July 31st. The bank reported $2.39 EPS for the quarter, topping the consensus estimate of $2.28 by $0.11. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%.The company had revenue of $567.83 million during the quarter, compared to analyst estimates of $552.04 million. During the same quarter in the previous year, the company posted $2.21 earnings per share. As a group, sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $1.00 per share. The ex-dividend date was Friday, August 29th. This represents a $4.00 annualized dividend and a yield of 3.2%. Cullen/Frost Bankers’s payout ratio is 43.06%.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.