Cullen/Frost Bankers, Inc. $CFR Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 1,578.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,686 shares of the bank’s stock after buying an additional 17,573 shares during the quarter. SG Americas Securities LLC’s holdings in Cullen/Frost Bankers were worth $2,369,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. GoalVest Advisory LLC purchased a new stake in Cullen/Frost Bankers in the third quarter valued at approximately $28,000. Hantz Financial Services Inc. boosted its holdings in shares of Cullen/Frost Bankers by 8,800.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock valued at $34,000 after purchasing an additional 264 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Cullen/Frost Bankers by 105.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 355 shares of the bank’s stock valued at $45,000 after purchasing an additional 182 shares during the last quarter. Geneos Wealth Management Inc. grew 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 valued at $46,000 after buying an additional 106 shares during the period. Finally, MAI Capital Management increased its holdings in shares of Cullen/Frost Bankers by 171.0% during the 2nd quarter. MAI Capital Management now owns 393 shares of the bank’s stock worth $51,000 after buying an additional 248 shares during the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $127.00, for a total value of $88,900.00. Following the completion of the transaction, the executive vice president directly owned 3,795 shares of the company’s stock, valued at $481,965. This represents a 15.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.

Cullen/Frost Bankers Stock Performance

Cullen/Frost Bankers stock opened at $134.93 on Wednesday. The firm has a market capitalization of $8.63 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 2.67 and a beta of 0.63. Cullen/Frost Bankers, Inc. has a one year low of $100.31 and a one year high of $146.44. The stock’s 50 day moving average price is $127.27 and its 200 day moving average price is $128.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, October 30th. The bank reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.29. Cullen/Frost Bankers had a net margin of 21.99% and a return on equity of 15.84%. The company had revenue of $567.27 million during the quarter, compared to the consensus estimate of $565.54 million. During the same quarter last year, the company earned $2.24 earnings per share. As a group, sell-side analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a $1.00 dividend. The ex-dividend date was Friday, November 28th. This represents a $4.00 dividend on an annualized basis and a yield of 3.0%. Cullen/Frost Bankers’s payout ratio is currently 41.15%.

Analysts Set New Price Targets

CFR has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “underweight” rating in a report on Monday, September 29th. Keefe, Bruyette & Woods upgraded Cullen/Frost Bankers from a “market perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a report on Monday, January 5th. Evercore ISI lifted their price objective on Cullen/Frost Bankers from $135.00 to $137.00 and gave the company an “in-line” rating in a research note on Tuesday, September 30th. TD Cowen raised shares of Cullen/Frost Bankers to a “strong-buy” rating in a research report on Thursday, September 25th. Finally, Citigroup lifted their price target on shares of Cullen/Frost Bankers from $112.00 to $114.00 and gave the company a “sell” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $135.73.

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.