Virtu KCG Holdings LLC Sells 1,346 Shares of Cullen/Frost Bankers, Inc. (CFR)
Virtu KCG Holdings LLC lowered its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 15.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,326 shares of the bank’s stock after selling 1,346 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Cullen/Frost Bankers were worth $688,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in CFR. BlackRock Inc. raised its stake in shares of Cullen/Frost Bankers by 3,918.0% during the 1st quarter. BlackRock Inc. now owns 4,695,956 shares of the bank’s stock worth $417,800,000 after purchasing an additional 4,579,082 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Cullen/Frost Bankers by 177.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,830,898 shares of the bank’s stock worth $171,940,000 after purchasing an additional 1,171,078 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Cullen/Frost Bankers by 16.5% during the 1st quarter. Vanguard Group Inc. now owns 5,356,366 shares of the bank’s stock worth $476,557,000 after purchasing an additional 758,710 shares in the last quarter. Crawford Investment Counsel Inc. bought a new stake in shares of Cullen/Frost Bankers during the 2nd quarter worth approximately $28,037,000. Finally, Davis R M Inc. bought a new stake in shares of Cullen/Frost Bankers during the 2nd quarter worth approximately $13,407,000. 80.72% of the stock is owned by hedge funds and other institutional investors.
Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) opened at 94.89 on Friday. Cullen/Frost Bankers, Inc. has a 1-year low of $69.86 and a 1-year high of $99.20. The company has a market cap of $6.09 billion, a PE ratio of 18.69 and a beta of 1.35. The company has a 50-day moving average price of $88.71 and a 200-day moving average price of $91.13.
Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $1.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.29. Cullen/Frost Bankers had a return on equity of 11.23% and a net margin of 28.49%. The business had revenue of $295.87 million for the quarter, compared to analysts’ expectations of $316.40 million. During the same quarter in the previous year, the firm earned $1.11 earnings per share. Equities research analysts expect that Cullen/Frost Bankers, Inc. will post $5.21 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.28 annualized dividend and a yield of 2.40%. Cullen/Frost Bankers’s dividend payout ratio is currently 44.79%.
CFR has been the topic of a number of analyst reports. ValuEngine cut Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Piper Jaffray Companies reiterated a “hold” rating and set a $96.50 price objective on shares of Cullen/Frost Bankers in a research note on Friday, September 1st. Zacks Investment Research cut Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. BidaskClub cut Cullen/Frost Bankers from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $95.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, July 14th. Four 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 stock. Cullen/Frost Bankers presently has an average rating of “Hold” and an average target price of $95.13.
About Cullen/Frost Bankers
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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