Bessemer Group Inc. Grows Stock Position in Cullen/Frost Bankers, Inc. $CFR

Bessemer Group Inc. increased its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 25.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,343 shares of the bank’s stock after purchasing an additional 3,512 shares during the quarter. Bessemer Group Inc.’s holdings in Cullen/Frost Bankers were worth $2,199,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings in shares of Cullen/Frost Bankers by 61.6% during the first quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock worth $75,833,000 after buying an additional 230,993 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Cullen/Frost Bankers by 9.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 166,900 shares of the bank’s stock valued at $20,896,000 after acquiring an additional 15,063 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Cullen/Frost Bankers by 40.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after acquiring an additional 106 shares during the last quarter. KLP Kapitalforvaltning AS raised its holdings in Cullen/Frost Bankers by 8.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 12,700 shares of the bank’s stock valued at $1,632,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Callan Family Office LLC purchased a new position in Cullen/Frost Bankers in the 2nd quarter worth approximately $315,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Trading Up 2.2%

Shares of NYSE CFR opened at $146.79 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $9.28 billion, a PE ratio of 14.80, a PEG ratio of 5.40 and a beta of 0.64. Cullen/Frost Bankers, Inc. has a twelve month low of $100.31 and a twelve month high of $148.12. The stock has a fifty day simple moving average of $133.06 and a 200-day simple moving average of $128.57.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. Cullen/Frost Bankers had a return on equity of 15.49% and a net margin of 22.21%.The company had revenue of $562.58 million during the quarter, compared to analysts’ expectations of $578.05 million. During the same period last year, the business posted $2.36 EPS. On average, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 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, March 13th. Stockholders of record on Friday, February 27th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, February 27th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 40.32%.

Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total transaction of $88,900.00. Following the transaction, the executive vice president owned 3,795 shares of the company’s stock, valued at approximately $481,965. This trade represents a 15.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bobby Berman sold 1,000 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $137.07, for a total value of $137,070.00. Following the completion of the sale, the executive vice president directly owned 28,406 shares of the company’s stock, valued at $3,893,610.42. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,700 shares of company stock valued at $225,970. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CFR has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Cullen/Frost Bankers in a research report on Monday, December 29th. Loop Capital set a $160.00 price target on Cullen/Frost Bankers in a report on Monday, February 2nd. TD Cowen reissued a “positive” rating on shares of Cullen/Frost Bankers in a research note on Monday, February 2nd. Barclays raised their price target on shares of Cullen/Frost Bankers from $140.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Finally, Citigroup upped their price objective on Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a “sell” rating in a report on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $140.92.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.