UBS Group AG Sells 97,965 Shares of Cullen/Frost Bankers, Inc. $CFR

UBS Group AG cut its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 28.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 251,636 shares of the bank’s stock after selling 97,965 shares during the period. UBS Group AG’s holdings in Cullen/Frost Bankers were worth $31,865,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CFR. Root Financial Partners LLC bought a new stake in Cullen/Frost Bankers in the third quarter worth $26,000. Advisory Services Network LLC bought a new stake in Cullen/Frost Bankers in the third quarter worth $28,000. Blue Trust Inc. lifted its stake in Cullen/Frost Bankers by 252.1% in the fourth quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock worth $33,000 after purchasing an additional 184 shares during the last quarter. Community Bank N.A. bought a new stake in Cullen/Frost Bankers in the third quarter worth $35,000. Finally, Matrix Trust Co lifted its stake in Cullen/Frost Bankers by 40.4% in the fourth quarter. Matrix Trust Co now owns 320 shares of the bank’s stock worth $41,000 after purchasing an additional 92 shares during the last quarter. 86.90% of the stock is owned by institutional investors.

Cullen/Frost Bankers Stock Performance

Shares of NYSE:CFR opened at $138.80 on Friday. The company has a market cap of $8.72 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 3.53 and a beta of 0.58. The company has a 50-day moving average price of $138.77 and a 200-day moving average price of $134.02. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a 12 month low of $119.00 and a 12 month high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 EPS for the quarter, beating the consensus estimate of $2.49 by $0.16. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $587.29 million. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. During the same period in the prior year, the firm posted $2.30 earnings per share. As a group, equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.41 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $1.03 per share. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, May 29th. Cullen/Frost Bankers’s dividend payout ratio is presently 38.95%.

Analyst Ratings Changes

Several research firms have weighed in on CFR. Royal Bank Of Canada boosted their price target on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Weiss Ratings raised shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Barclays upped their price objective on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 7th. Stephens raised shares of Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 price objective for the company in a research note on Tuesday. Finally, DA Davidson upped their price objective on shares of Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $145.08.

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.