Hsbc Holdings PLC Acquires Shares of 47,379 Cullen/Frost Bankers, Inc. $CFR

Hsbc Holdings PLC acquired a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 47,379 shares of the bank’s stock, valued at approximately $7,345,000.

Other institutional investors have also modified their holdings of the company. Advisory Services Network LLC acquired a new stake in Cullen/Frost Bankers in the third quarter valued at $28,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Cullen/Frost Bankers during the 2nd quarter worth about $37,000. Global Retirement Partners LLC acquired a new position in shares of Cullen/Frost Bankers during the 2nd quarter worth about $38,000. Covestor Ltd boosted its position in shares of Cullen/Frost Bankers by 67.6% during the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Cullen/Frost Bankers during the 1st quarter worth about $41,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, EVP Carol Jean Severyn sold 837 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $148.29, for a total value of $124,118.73. Following the completion of the sale, the executive vice president directly owned 12,712 shares of the company’s stock, valued at approximately $1,885,062.48. This represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.14% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CFR. TD Cowen raised their target price on Cullen/Frost Bankers from $169.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Cantor Fitzgerald upped their price target on Cullen/Frost Bankers from $158.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Barclays increased their price target on shares of Cullen/Frost Bankers from $155.00 to $160.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods raised their price objective on shares of Cullen/Frost Bankers from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Raymond James Financial restated a “market perform” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Cullen/Frost Bankers has a consensus rating of “Hold” and an average price target of $161.75.

Cullen/Frost Bankers Stock Up 0.3%

CFR opened at $161.90 on Friday. Cullen/Frost Bankers, Inc. has a one year low of $119.00 and a one year 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 has a market capitalization of $10.06 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 2.47 and a beta of 0.53. The business’s 50-day simple moving average is $161.35 and its 200-day simple moving average is $147.36.

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

Cullen/Frost Bankers Dividend Announcement

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

Cullen/Frost Bankers Company 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.