Teachers Retirement System of The State of Kentucky cut its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,166 shares of the bank’s stock after selling 900 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Cullen/Frost Bankers were worth $2,739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CFR. World Asset Management Inc boosted its stake in shares of Cullen/Frost Bankers by 3.7% during the first quarter. World Asset Management Inc now owns 3,475 shares of the bank’s stock valued at $309,000 after purchasing an additional 123 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Cullen/Frost Bankers by 15.1% during the first quarter. UBS Asset Management Americas Inc. now owns 34,111 shares of the bank’s stock valued at $3,035,000 after purchasing an additional 4,463 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Cullen/Frost Bankers by 5.8% during the first quarter. Ameriprise Financial Inc. now owns 164,692 shares of the bank’s stock valued at $14,652,000 after purchasing an additional 9,076 shares in the last quarter. KBC Group NV bought a new position in shares of Cullen/Frost Bankers during the first quarter valued at approximately $1,450,000. Finally, Prudential Financial Inc. boosted its stake in shares of Cullen/Frost Bankers by 16.2% during the first quarter. Prudential Financial Inc. now owns 224,918 shares of the bank’s stock valued at $20,011,000 after purchasing an additional 31,390 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Cullen/Frost Bankers, Inc. (CFR) opened at 94.92 on Friday. The firm has a 50 day moving average of $87.20 and a 200-day moving average of $90.93. Cullen/Frost Bankers, Inc. has a 12-month low of $67.86 and a 12-month high of $99.20. The stock has a market cap of $6.10 billion, a PE ratio of 18.70 and a beta of 1.33.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, July 27th. The bank reported $1.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.29. Cullen/Frost Bankers had a net margin of 28.49% and a return on equity of 11.23%. The business had revenue of $295.87 million during the quarter, compared to analysts’ expectations of $316.40 million. During the same quarter in the prior year, the business posted $1.11 EPS. On average, analysts expect that Cullen/Frost Bankers, Inc. will post $5.22 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Tuesday, August 29th. Cullen/Frost Bankers’s payout ratio is 44.79%.

Several equities research analysts have weighed in on CFR shares. Zacks Investment Research upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Friday, July 7th. Morgan Stanley restated an “equal weight” rating and issued a $93.00 target price (up from $90.00) on shares of Cullen/Frost Bankers in a research note on Thursday, July 6th. BidaskClub downgraded shares of Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Barclays PLC set a $97.00 target price on shares of Cullen/Frost Bankers and gave the company a “hold” rating in a research note on Sunday, July 30th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $95.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $95.13.

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Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.

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Institutional Ownership by Quarter for Cullen/Frost Bankers (NYSE:CFR)

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