Cullen/Frost Bankers, Inc. (NYSE:CFR) Shares Purchased by TFO Wealth Partners LLC

TFO Wealth Partners LLC raised its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFRFree Report) by 57,933.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,741 shares of the bank’s stock after purchasing an additional 1,738 shares during the period. TFO Wealth Partners LLC’s holdings in Cullen/Frost Bankers were worth $189,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CFR. Norges Bank acquired a new position in Cullen/Frost Bankers during the 4th quarter valued at about $72,627,000. Polaris Capital Management LLC boosted its holdings in shares of Cullen/Frost Bankers by 87.9% in the fourth quarter. Polaris Capital Management LLC now owns 359,100 shares of the bank’s stock valued at $38,959,000 after acquiring an additional 168,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Cullen/Frost Bankers by 20.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 787,599 shares of the bank’s stock valued at $85,451,000 after acquiring an additional 131,726 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Cullen/Frost Bankers in the third quarter valued at approximately $8,992,000. Finally, FMR LLC boosted its holdings in shares of Cullen/Frost Bankers by 6.3% in the third quarter. FMR LLC now owns 1,476,411 shares of the bank’s stock valued at $134,663,000 after acquiring an additional 88,042 shares in the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CFR. Jefferies Financial Group increased their price objective on shares of Cullen/Frost Bankers from $119.00 to $121.00 and gave the company a “hold” rating in a report on Monday, April 8th. StockNews.com upgraded shares of Cullen/Frost Bankers to a “sell” rating in a report on Saturday, May 4th. Wedbush reiterated a “neutral” rating and issued a $115.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, April 26th. DA Davidson reissued a “buy” rating and set a $126.00 target price on shares of Cullen/Frost Bankers in a research note on Thursday, March 28th. Finally, Evercore ISI increased their target price on shares of Cullen/Frost Bankers from $109.00 to $113.00 and gave the company an “underperform” rating in a research note on Thursday, March 28th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $117.46.

View Our Latest Stock Analysis on CFR

Cullen/Frost Bankers Stock Down 1.4 %

Shares of NYSE:CFR opened at $100.16 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $6.44 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 1.27 and a beta of 1.02. Cullen/Frost Bankers, Inc. has a 52 week low of $82.25 and a 52 week high of $120.31. The firm has a 50 day simple moving average of $107.58 and a 200 day simple moving average of $106.26.

Cullen/Frost Bankers (NYSE:CFRGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The bank reported $2.15 EPS for the quarter, beating the consensus estimate of $2.13 by $0.02. The business had revenue of $522.74 million during the quarter, compared to the consensus estimate of $510.09 million. Cullen/Frost Bankers had a net margin of 20.57% and a return on equity of 18.31%. During the same quarter in the prior year, the firm earned $2.70 EPS. As a group, research analysts expect that Cullen/Frost Bankers, Inc. will post 8.43 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.92 dividend. The ex-dividend date is Thursday, May 30th. This represents a $3.68 annualized dividend and a yield of 3.67%. Cullen/Frost Bankers’s dividend payout ratio is presently 43.50%.

Insider Buying and Selling at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,312 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $105.49, for a total value of $138,402.88. Following the transaction, the executive vice president now owns 27,815 shares in the company, valued at approximately $2,934,204.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.00% of the company’s stock.

Cullen/Frost Bankers Company Profile

(Free Report)

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.

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

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