2 weeks Ago By Defense World Staff
Thrivent Financial for Lutherans trimmed its holdings in Cullen/Frost Bankers, Inc. ( NYSE:CFR – Free Report ) by 5.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 32,074 shares of the bank’s stock after selling 1,907 shares during the quarter. Thrivent Financial for Lutherans owned 0.05% of Cullen/Frost Bankers worth $3,260,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. ICA Group Wealth Management LLC bought a new stake in Cullen/Frost Bankers during the fourth quarter worth approximately $33,000. CWM LLC grew its holdings in shares of Cullen/Frost Bankers by 46.
5% in the 1st quarter. CWM LLC now owns 334 shares of the bank’s stock worth $38,000 after acquiring an additional 106 shares during the last quarter. Whittier Trust Co.
raised its position in shares of Cullen/Frost Bankers by 90.7% during the first quarter. Whittier Trust Co.
now owns 391 shares of the bank’s stock worth $44,000 after purchasing an additional 186 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Cullen/Frost Bankers by 89.7% during the fourth quarter.
Parallel Advisors LLC now owns 461 shares of the bank’s stock valued at $50,000 after purchasing an additional 218 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Cullen/Frost Bankers by 40.7% in the 1st quarter.
GAMMA Investing LLC now owns 574 shares of the bank’s stock valued at $65,000 after purchasing an additional 166 shares during the period. Institutional investors own 86.90% of the company’s stock.
Cullen/Frost Bankers Price Performance NYSE:CFR opened at $111.19 on Monday. The company has a quick ratio of 0.
64, a current ratio of 0.64 and a debt-to-equity ratio of 0.06.
The firm has a market cap of $7.14 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.
37 and a beta of 1.00. Cullen/Frost Bankers, Inc.
has a 12 month low of $82.25 and a 12 month high of $123.17.
The company’s 50-day moving average price is $110.78 and its two-hundred day moving average price is $106.98.
Cullen/Frost Bankers Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.95 dividend.
This represents a $3.80 dividend on an annualized basis and a yield of 3.42%.
The ex-dividend date of this dividend was Friday, August 30th. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $0.92.
Cullen/Frost Bankers’s dividend payout ratio is currently 44.92%. Insider Buying and Selling at Cullen/Frost Bankers In related news, EVP Candace K.
Wolfshohl sold 5,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $119.65, for a total value of $598,250.
00. Following the sale, the executive vice president now directly owns 18,753 shares in the company, valued at approximately $2,243,796.45.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . In other news, EVP Candace K. Wolfshohl sold 5,000 shares of the business’s stock in a transaction on Friday, July 26th.
The shares were sold at an average price of $119.65, for a total value of $598,250.00.
Following the completion of the transaction, the executive vice president now owns 18,753 shares of the company’s stock, valued at approximately $2,243,796.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link .
Also, EVP Howard L. Kasanoff sold 3,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $119.
20, for a total value of $357,600.00. Following the sale, the executive vice president now directly owns 1,598 shares in the company, valued at approximately $190,481.
60. The disclosure for this sale can be found here . Insiders own 2.
89% of the company’s stock. Wall Street Analyst Weigh In Several analysts have issued reports on the company. Stephens boosted their price objective on Cullen/Frost Bankers from $116.
00 to $131.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Evercore ISI lowered their price objective on shares of Cullen/Frost Bankers from $109.
00 to $100.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Maxim Group increased their target price on Cullen/Frost Bankers from $132.
00 to $138.00 and gave the company a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co.
lowered their price target on Cullen/Frost Bankers from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, June 27th.
Finally, Jefferies Financial Group reduced their price objective on Cullen/Frost Bankers from $117.00 to $108.00 and set a “hold” rating for the company in a research note on Wednesday, July 3rd.
Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $119.
64. Check Out Our Latest Report on Cullen/Frost Bankers Cullen/Frost Bankers Profile ( Free Report ) Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.
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