Cullen/Frost Bankers, Inc. $CFR Shares Purchased by Impax Asset Management Group plc

Impax Asset Management Group plc increased its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 920,833 shares of the bank’s stock after acquiring an additional 97,955 shares during the quarter. Impax Asset Management Group plc owned approximately 1.44% of Cullen/Frost Bankers worth $116,734,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of Cullen/Frost Bankers during the third quarter valued at approximately $26,000. GoalVest Advisory LLC acquired a new stake in Cullen/Frost Bankers during the 3rd quarter valued at $28,000. Hantz Financial Services Inc. boosted its holdings in shares of Cullen/Frost Bankers by 8,800.0% during the second quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock worth $34,000 after purchasing an additional 264 shares during the period. Farther Finance Advisors LLC increased its position in Cullen/Frost Bankers by 105.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 355 shares of the bank’s stock worth $45,000 after purchasing an additional 182 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Cullen/Frost Bankers by 40.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of Cullen/Frost Bankers stock opened at $146.40 on Wednesday. The business has a 50-day moving average price of $133.97 and a two-hundred day moving average price of $128.74. Cullen/Frost Bankers, Inc. has a 1-year low of $100.31 and a 1-year high of $148.29. The company has a market cap of $9.25 billion, a P/E ratio of 14.76, a PEG ratio of 5.41 and a beta of 0.65. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.05.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $578.05 million. During the same period in the previous year, the firm earned $2.36 earnings per share. As a group, analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

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

Analyst Upgrades and Downgrades

CFR has been the subject of several research analyst reports. DA Davidson upped 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. Loop Capital set a $160.00 price objective on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. Royal Bank Of Canada lifted their price target on Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Keefe, Bruyette & Woods increased their price objective on Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, TD Cowen reaffirmed a “positive” rating on shares of Cullen/Frost Bankers in a research report on Monday, February 2nd. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $140.92.

Insider Buying and Selling

In related news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total value of $88,900.00. Following the transaction, the executive vice president directly owned 3,795 shares in the company, valued at $481,965. This trade represents a 15.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bobby Berman sold 1,000 shares of Cullen/Frost Bankers stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $137.07, for a total transaction of $137,070.00. Following the transaction, the executive vice president owned 28,406 shares of the company’s stock, valued at $3,893,610.42. This represents a 3.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,700 shares of company stock worth $225,970 over the last ninety days. 1.20% of the stock is owned by insiders.

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.