19 hours Ago By Defense World Staff
Charles Schwab Investment Management Inc. raised its holdings in shares of Cullen/Frost Bankers, Inc. ( NYSE:CFR – Free Report ) by 0.
2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 555,144 shares of the bank’s stock after acquiring an additional 1,241 shares during the period. Charles Schwab Investment Management Inc.
owned approximately 0.87% of Cullen/Frost Bankers worth $74,528,000 as of its most recent SEC filing. Several other hedge funds have also recently added to or reduced their stakes in CFR.
Janney Montgomery Scott LLC bought a new stake in shares of Cullen/Frost Bankers in the 3rd quarter worth $1,853,000. Atria Investments Inc raised its stake in shares of Cullen/Frost Bankers by 5.2% in the 3rd quarter.
Atria Investments Inc now owns 17,064 shares of the bank’s stock worth $1,909,000 after buying an additional 840 shares in the last quarter. Covestor Ltd raised its stake in shares of Cullen/Frost Bankers by 169.9% in the 3rd quarter.
Covestor Ltd now owns 224 shares of the bank’s stock worth $25,000 after buying an additional 141 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Cullen/Frost Bankers by 40.
2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,095 shares of the bank’s stock worth $570,000 after buying an additional 1,462 shares in the last quarter.
Finally, Los Angeles Capital Management LLC bought a new stake in shares of Cullen/Frost Bankers in the 3rd quarter worth $3,999,000. Institutional investors own 86.90% of the company’s stock.
Analyst Ratings Changes A number of analysts have recently commented on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $144.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, January 31st.
DA Davidson downgraded Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $138.00 to $143.00 in a research note on Monday, February 3rd.
Compass Point boosted their price objective on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th.
Evercore ISI boosted their target price on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock an “underperform” rating in a research report on Monday, February 10th.
Finally, Keefe, Bruyette & Woods boosted their target price on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd.
Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $132.54.
Insider Buying and Selling at Cullen/Frost Bankers In other Cullen/Frost Bankers news, insider Paul Bracher sold 11,500 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.
00. Following the transaction, the insider now owns 102,946 shares in the company, valued at $14,355,819.70.
The trade was a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website .
Corporate insiders own 2.89% of the company’s stock. Cullen/Frost Bankers Stock Down 1.
9 % NYSE:CFR opened at $126.65 on Tuesday. The firm has a market capitalization of $8.
14 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 6.46 and a beta of 0.
97. Cullen/Frost Bankers, Inc. has a 1-year low of $94.
09 and a 1-year high of $147.64. The company has a current ratio of 0.
68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06.
The business’s fifty day moving average price is $138.14 and its 200 day moving average price is $129.76.
Cullen/Frost Bankers ( NYSE:CFR – Get Free Report ) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.
17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.
95% and a net margin of 20.44%. On average, sell-side analysts forecast that Cullen/Frost Bankers, Inc.
will post 8.85 earnings per share for the current fiscal year. Cullen/Frost Bankers Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th.
Shareholders of record on Friday, February 28th will be paid a $0.95 dividend. The ex-dividend date is Friday, February 28th.
This represents a $3.80 dividend on an annualized basis and a yield of 3.00%.
Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 42.84%. About Cullen/Frost Bankers ( 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. Recommended Stories Five stocks we like better than Cullen/Frost Bankers Using the MarketBeat Stock Split Calculator How to Protect Your Portfolio When Inflation Is Rising What Are Dividends? Buy the Best Dividend Stocks 3 Tech Stocks Defying Sector Weakness and Thriving in 2025 Most active stocks: Dollar volume vs share volume Despite Challenges Novo Nordisk Plans to Crush GLP-1 Competitors Want to see what other hedge funds are holding CFR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cullen/Frost Bankers, Inc.
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