Principal Financial Group Inc. Has $88.99 Million Holdings in Cullen/Frost Bankers, Inc. $CFR

Principal Financial Group Inc. lessened its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 9.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 701,963 shares of the bank’s stock after selling 71,927 shares during the quarter. Principal Financial Group Inc.’s holdings in Cullen/Frost Bankers were worth $88,989,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CFR. Root Financial Partners LLC acquired a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at $26,000. GoalVest Advisory LLC bought a new position in Cullen/Frost Bankers during the 3rd quarter valued at about $28,000. Hantz Financial Services Inc. boosted its position in Cullen/Frost Bankers by 8,800.0% in the second quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock valued at $34,000 after buying an additional 264 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Cullen/Frost Bankers by 105.2% during the third quarter. Farther Finance Advisors LLC now owns 355 shares of the bank’s stock worth $45,000 after buying an additional 182 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings 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 buying an additional 106 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CFR has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their target price on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday. Keefe, Bruyette & Woods lifted their price objective on Cullen/Frost Bankers from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday. Citigroup increased their target price on Cullen/Frost Bankers from $114.00 to $125.00 and gave the stock a “sell” rating in a report on Monday. TD Cowen reaffirmed a “positive” rating on shares of Cullen/Frost Bankers in a report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cullen/Frost Bankers in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Cullen/Frost Bankers currently has an average rating of “Hold” and a consensus price target of $140.92.

Cullen/Frost Bankers Trading Up 1.0%

CFR stock opened at $139.24 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a twelve month low of $100.31 and a twelve month high of $145.53. The company has a market cap of $8.90 billion, a P/E ratio of 14.04, a PEG ratio of 2.69 and a beta of 0.64. The business has a fifty day moving average of $131.56 and a 200-day moving average of $128.41.

Cullen/Frost Bankers (NYSE:CFR) last posted 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. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $578.05 million. Cullen/Frost Bankers had a return on equity of 15.79% and a net margin of 21.99%.During the same quarter last year, the business earned $2.36 earnings per share. As a group, equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm 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 dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, February 27th. Cullen/Frost Bankers’s payout ratio is 40.32%.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,000 shares of Cullen/Frost Bankers stock in a transaction on Friday, January 30th. The shares were sold at an average price of $137.07, for a total transaction 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 approximately $3,893,610.42. The trade was a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 3,795 shares in the company, valued at approximately $481,965. This trade represents a 15.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,700 shares of company stock valued at $225,970. 1.20% of the stock is currently owned by insiders.

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.