Creative Planning Has $1.93 Million Stock Holdings in Cullen/Frost Bankers, Inc. $CFR

Creative Planning grew its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 9.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,049 shares of the bank’s stock after buying an additional 1,316 shares during the period. Creative Planning’s holdings in Cullen/Frost Bankers were worth $1,934,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Cullen/Frost Bankers by 7.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,518 shares of the bank’s stock valued at $2,123,000 after acquiring an additional 1,163 shares during the last quarter. Oak Harvest Investment Services boosted its stake in shares of Cullen/Frost Bankers by 3.1% in the 2nd quarter. Oak Harvest Investment Services now owns 42,686 shares of the bank’s stock valued at $5,487,000 after purchasing an additional 1,277 shares during the last quarter. ABN Amro Investment Solutions acquired a new stake in shares of Cullen/Frost Bankers during the 2nd quarter worth approximately $4,833,000. Impax Asset Management Group plc raised its stake in shares of Cullen/Frost Bankers by 58.7% during the second quarter. Impax Asset Management Group plc now owns 822,878 shares of the bank’s stock worth $104,861,000 after buying an additional 304,491 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in Cullen/Frost Bankers by 6.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 22,663 shares of the bank’s stock valued at $2,913,000 after buying an additional 1,303 shares during the period. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Up 1.5%

CFR stock opened at $125.26 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $8.01 billion, a P/E ratio of 13.48, a P/E/G ratio of 2.94 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 $146.44. The business has a 50-day moving average of $124.70 and a 200-day moving average of $127.76.

Cullen/Frost Bankers (NYSE:CFR) last released its earnings results on Thursday, October 30th. The bank reported $2.67 EPS for the quarter, beating the consensus estimate of $2.38 by $0.29. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%.The firm had revenue of $567.27 million for the quarter, compared to analysts’ expectations of $565.54 million. During the same quarter in the previous year, the business posted $2.24 EPS. On average, sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, November 28th. Cullen/Frost Bankers’s payout ratio is currently 41.15%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays dropped their target price on shares of Cullen/Frost Bankers from $155.00 to $145.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Cullen/Frost Bankers in a research note on Monday, November 17th. Evercore ISI boosted their target price on Cullen/Frost Bankers from $135.00 to $137.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Cantor Fitzgerald initiated 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. Finally, Raymond James Financial cut their target price on shares of Cullen/Frost Bankers from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers has an average rating of “Hold” and a consensus price target of $136.75.

About Cullen/Frost Bankers

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.