First Trust Advisors LP Has $108.28 Million Position in Cullen/Frost Bankers, Inc. $CFR

First Trust Advisors LP lifted its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 6.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 789,930 shares of the bank’s stock after buying an additional 45,921 shares during the period. First Trust Advisors LP’s holdings in Cullen/Frost Bankers were worth $108,284,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CFR. Goldman Sachs Group Inc. lifted its holdings in shares of Cullen/Frost Bankers by 61.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock worth $75,833,000 after acquiring an additional 230,993 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Cullen/Frost Bankers by 9.9% during the first 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 purchasing an additional 15,063 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of 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 purchasing an additional 106 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Cullen/Frost Bankers by 12.2% in the 2nd quarter. Invesco Ltd. now owns 126,040 shares of the bank’s stock valued at $16,201,000 after purchasing an additional 13,718 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Cullen/Frost Bankers by 82.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the bank’s stock valued at $151,000 after purchasing an additional 532 shares during the last quarter. 86.90% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of Cullen/Frost Bankers stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $148.29, for a total transaction of $124,118.73. Following the completion of the transaction, the executive vice president owned 12,712 shares in the company, valued at approximately $1,885,062.48. The trade was a 6.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.14% of the company’s stock.

Cullen/Frost Bankers Stock Up 1.7%

Shares of NYSE:CFR opened at $164.23 on Friday. The business’s 50-day moving average is $148.81 and its 200-day moving average is $142.56. Cullen/Frost Bankers, Inc. has a 1 year low of $119.00 and a 1 year high of $165.16. The company has a market capitalization of $10.31 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 2.88 and a beta of 0.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 EPS for the quarter, topping the consensus estimate of $2.49 by $0.16. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. The company had revenue of $574.84 million during the quarter, compared to the consensus estimate of $587.28 million. During the same quarter last year, the firm posted $2.30 EPS. Equities research analysts predict that Cullen/Frost Bankers, Inc. will post 10.57 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $1.03 dividend. The ex-dividend date was Friday, May 29th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 40.12%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CFR. Morgan Stanley raised their price target on shares of Cullen/Frost Bankers from $133.00 to $141.00 and gave the company an “underweight” rating in a research note on Monday, June 29th. Raymond James Financial reiterated a “market perform” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 15th. Cantor Fitzgerald upped their target price on Cullen/Frost Bankers from $154.00 to $158.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, Stephens upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $152.42.

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.