Jupiter Topco LLC Purchases New Position in Cullen/Frost Bankers, Inc. $CFR

Jupiter Topco LLC acquired a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 610,241 shares of the bank’s stock, valued at approximately $94,297,000. Jupiter Topco LLC owned 0.98% of Cullen/Frost Bankers as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of CFR. Concurrent Investment Advisors LLC grew its stake in Cullen/Frost Bankers by 863.1% in the fourth quarter. Concurrent Investment Advisors LLC now owns 21,448 shares of the bank’s stock valued at $2,716,000 after acquiring an additional 19,221 shares during the period. ProShare Advisors LLC increased its holdings in shares of Cullen/Frost Bankers by 3.7% in the fourth quarter. ProShare Advisors LLC now owns 268,194 shares of the bank’s stock worth $33,961,000 after acquiring an additional 9,612 shares in the last quarter. Verition Fund Management LLC raised its position in shares of Cullen/Frost Bankers by 52.8% during the fourth quarter. Verition Fund Management LLC now owns 130,944 shares of the bank’s stock worth $16,581,000 after purchasing an additional 45,254 shares during the period. EFG International AG acquired a new stake in shares of Cullen/Frost Bankers during the second quarter worth about $5,906,000. Finally, Whittier Trust Co. lifted its holdings in shares of Cullen/Frost Bankers by 10.6% during the 1st quarter. Whittier Trust Co. now owns 73,835 shares of the bank’s stock valued at $10,332,000 after purchasing an additional 7,061 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $148.29, for a total transaction of $124,118.73. Following the sale, the executive vice president directly owned 12,712 shares of the company’s stock, valued at $1,885,062.48. The trade was a 6.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.14% of the company’s stock.

Cullen/Frost Bankers Trading Up 0.1%

NYSE CFR opened at $163.60 on Thursday. Cullen/Frost Bankers, Inc. has a 52 week low of $119.00 and a 52 week high of $170.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.63 and a current ratio of 0.63. The stock’s 50 day moving average price is $160.72 and its two-hundred day moving average price is $147.15. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 2.50 and a beta of 0.53.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.15. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. The company had revenue of $576.01 million during the quarter, compared to analysts’ expectations of $589.72 million. During the same period last year, the business earned $2.39 EPS. As a group, analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.9 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $1.03 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.12 dividend on an annualized basis and a yield of 2.5%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 38.94%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Raymond James Financial reissued a “market perform” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 1st. TD Cowen lifted their price target on shares of Cullen/Frost Bankers from $169.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 15th. DA Davidson increased their price objective on shares of Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Stephens raised their price objective on shares of Cullen/Frost Bankers from $169.00 to $183.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $161.75.

Cullen/Frost Bankers Profile

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.