Cullen/Frost Bankers, Inc. $CFR Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC lifted its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,342 shares of the bank’s stock after purchasing an additional 199 shares during the quarter. Voya Investment Management LLC’s holdings in Cullen/Frost Bankers were worth $919,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. eCIO Inc. acquired a new stake in shares of Cullen/Frost Bankers during the 1st quarter worth approximately $36,000. Strs Ohio acquired a new stake in shares of Cullen/Frost Bankers during the 1st quarter worth approximately $8,230,000. Geneos Wealth Management Inc. grew its stake in shares of Cullen/Frost Bankers by 40.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after purchasing an additional 106 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of Cullen/Frost Bankers during the 1st quarter worth approximately $241,000. Finally, SCS Capital Management LLC acquired a new stake in shares of Cullen/Frost Bankers during the 1st quarter worth approximately $205,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Trading Up 0.1%

Shares of CFR stock opened at $125.57 on Thursday. The stock’s fifty day moving average is $128.87 and its two-hundred day moving average is $125.62. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market capitalization of $8.08 billion, a P/E ratio of 13.52, a PEG ratio of 2.63 and a beta of 0.74. Cullen/Frost Bankers, Inc. has a fifty-two week low of $100.31 and a fifty-two week high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, July 31st. The bank reported $2.39 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.11. The company had revenue of $567.83 million for the quarter, compared to analyst estimates of $552.04 million. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%.During the same quarter last year, the firm posted $2.21 EPS. Research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a $1.00 dividend. The ex-dividend date was Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a yield of 3.2%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 43.06%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CFR shares. Cantor Fitzgerald assumed coverage on shares of Cullen/Frost Bankers in a research note on Wednesday, September 10th. They set a “neutral” rating and a $138.00 price objective on the stock. Raymond James Financial decreased their target price on Cullen/Frost Bankers from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, August 4th. Finally, Barclays decreased their target price on Cullen/Frost Bankers from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $135.69.

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.