SG Americas Securities LLC Has $1.22 Million Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

SG Americas Securities LLC grew its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 644.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,726 shares of the bank’s stock after buying an additional 8,419 shares during the quarter. SG Americas Securities LLC’s holdings in Cullen/Frost Bankers were worth $1,218,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Cullen/Frost Bankers by 877.5% during the first quarter. GAMMA Investing LLC now owns 8,035 shares of the bank’s stock worth $1,006,000 after buying an additional 7,213 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Cullen/Frost Bankers by 29.9% during the first quarter. Park Avenue Securities LLC now owns 2,900 shares of the bank’s stock worth $363,000 after buying an additional 667 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Cullen/Frost Bankers by 59.6% during the first quarter. UMB Bank n.a. now owns 391 shares of the bank’s stock worth $49,000 after buying an additional 146 shares in the last quarter. Vest Financial LLC acquired a new stake in shares of Cullen/Frost Bankers during the first quarter worth approximately $3,392,000. Finally, Sendero Wealth Management LLC acquired a new stake in shares of Cullen/Frost Bankers during the first quarter worth approximately $1,686,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Upgrades and Downgrades

CFR has been the subject of several research reports. Evercore ISI upgraded shares of Cullen/Frost Bankers from an “underperform” rating to an “in-line” rating and set a $132.00 price objective for the company in a research report on Friday, May 2nd. Royal Bank of Canada lowered their price objective on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday, May 2nd. Jefferies Financial Group initiated coverage on shares of Cullen/Frost Bankers in a research report on Wednesday, May 21st. They issued an “underperform” rating and a $105.00 price objective for the company. Barclays raised their price objective on shares of Cullen/Frost Bankers from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. Finally, Stephens raised their price objective on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Cullen/Frost Bankers presently has a consensus rating of “Hold” and a consensus price target of $131.93.

Insider Activity

In other Cullen/Frost Bankers news, CAO Matthew Bradley Henson acquired 1,870 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of $16.93 per share, with a total value of $31,659.10. Following the completion of the acquisition, the chief accounting officer now owns 5,545 shares of the company’s stock, valued at $93,876.85. This trade represents a 50.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Price Performance

Shares of NYSE:CFR opened at $123.63 on Tuesday. The company’s 50-day moving average is $122.35 and its 200 day moving average is $129.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $7.95 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 6.46 and a beta of 0.68. Cullen/Frost Bankers, Inc. has a fifty-two week low of $94.55 and a fifty-two week high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, May 1st. The bank reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.13. The company had revenue of $560.42 million for the quarter, compared to the consensus estimate of $540.57 million. Cullen/Frost Bankers had a net margin of 20.44% and a return on equity of 15.95%. During the same period in the previous year, the firm earned $2.15 EPS. On average, equities research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $1.00 dividend. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $0.95. This represents a $4.00 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Friday, May 30th. Cullen/Frost Bankers’s payout ratio is currently 43.91%.

Cullen/Frost Bankers Profile

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.