Raymond James & Associates grew its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,496 shares of the bank’s stock after purchasing an additional 1,206 shares during the period. Raymond James & Associates owned approximately 0.12% of Cullen/Frost Bankers worth $7,335,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in Cullen/Frost Bankers by 0.5% in the 4th quarter. BlackRock Inc. now owns 5,110,763 shares of the bank’s stock worth $483,732,000 after acquiring an additional 27,545 shares during the last quarter. Aristotle Capital Management LLC raised its stake in Cullen/Frost Bankers by 5.6% in the 4th quarter. Aristotle Capital Management LLC now owns 2,009,052 shares of the bank’s stock worth $190,157,000 after acquiring an additional 107,173 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Cullen/Frost Bankers by 1.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,000,321 shares of the bank’s stock worth $94,681,000 after acquiring an additional 9,721 shares during the last quarter. Champlain Investment Partners LLC grew its position in Cullen/Frost Bankers by 1.5% during the 4th quarter. Champlain Investment Partners LLC now owns 895,935 shares of the bank’s stock worth $84,800,000 after purchasing an additional 13,555 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Cullen/Frost Bankers by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 800,111 shares of the bank’s stock worth $75,946,000 after purchasing an additional 10,300 shares during the period. Hedge funds and other institutional investors own 80.21% of the company’s stock.
CFR stock traded up $0.99 during trading on Friday, hitting $107.79. The stock had a trading volume of 318,752 shares, compared to its average volume of 426,999. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.07. Cullen/Frost Bankers, Inc. has a twelve month low of $81.09 and a twelve month high of $111.10. The stock has a market cap of $6,612.12, a price-to-earnings ratio of 19.78, a PEG ratio of 1.72 and a beta of 1.30.
Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, January 25th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.08. Cullen/Frost Bankers had a return on equity of 11.78% and a net margin of 29.62%. The company had revenue of $358.69 million for the quarter, compared to analysts’ expectations of $351.34 million. During the same period in the previous year, the firm posted $1.28 EPS. Cullen/Frost Bankers’s revenue was up 6.0% compared to the same quarter last year. equities analysts forecast that Cullen/Frost Bankers, Inc. will post 6.35 EPS for the current fiscal year.
In other Cullen/Frost Bankers news, insider Gary C. Mcknight sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $106.32, for a total value of $2,551,680.00. Following the transaction, the insider now directly owns 12,844 shares of the company’s stock, valued at approximately $1,365,574.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Annette M. Alonzo sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $106.58, for a total transaction of $479,610.00. Following the completion of the transaction, the insider now directly owns 3,738 shares in the company, valued at $398,396.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,860 shares of company stock worth $5,935,474. 5.15% of the stock is currently owned by insiders.
Several brokerages have weighed in on CFR. Zacks Investment Research raised Cullen/Frost Bankers from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Wednesday, January 10th. ValuEngine raised Cullen/Frost Bankers from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Raymond James downgraded Cullen/Frost Bankers from a “market perform” rating to an “underperform” rating in a research report on Tuesday, April 10th. Barclays increased their price target on Cullen/Frost Bankers from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Stephens set a $110.00 target price on Cullen/Frost Bankers and gave the company a “hold” rating in a research report on Friday, February 9th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $104.19.
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About Cullen/Frost Bankers
Cullen/Frost Bankers, Inc operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas. The company operates in two segments, Banking and Frost Wealth Advisors. It provides commercial banking services to corporations and other business clients, including financing for industrial and commercial properties, interim construction, equipment, inventories and accounts receivable, and acquisition financing; commercial leasing; and treasury management services.
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