King Luther Capital Management Corp Decreases Stake in Cullen/Frost Bankers, Inc. $CFR

King Luther Capital Management Corp cut its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.7% in the 3rd quarter, Holdings Channel reports. The fund owned 1,354,195 shares of the bank’s stock after selling 51,410 shares during the period. King Luther Capital Management Corp’s holdings in Cullen/Frost Bankers were worth $171,671,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Goldman Sachs Group Inc. boosted its holdings in Cullen/Frost Bankers by 61.6% in the first quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock valued at $75,833,000 after purchasing an additional 230,993 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Cullen/Frost Bankers by 9.9% in 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 acquiring an additional 15,063 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Cullen/Frost Bankers by 40.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after acquiring an additional 106 shares during the last quarter. CWM LLC grew its holdings in Cullen/Frost Bankers by 4.1% during the 2nd quarter. CWM LLC now owns 4,928 shares of the bank’s stock worth $633,000 after acquiring an additional 192 shares in the last quarter. Finally, Stephens Inc. AR increased its position in shares of Cullen/Frost Bankers by 33.0% in the 2nd quarter. Stephens Inc. AR now owns 6,911 shares of the bank’s stock worth $888,000 after purchasing an additional 1,715 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Buying and Selling

In other news, EVP Bobby Berman sold 1,000 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $137.07, for a total value of $137,070.00. Following the completion of the transaction, the executive vice president owned 28,406 shares of the company’s stock, valued at approximately $3,893,610.42. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Coolidge E. Rhodes, Jr. sold 700 shares of Cullen/Frost Bankers stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $127.00, for a total transaction of $88,900.00. Following the sale, the executive vice president owned 3,795 shares in the company, valued at approximately $481,965. This represents a 15.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,700 shares of company stock worth $225,970. Corporate insiders own 2.89% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CFR. Citigroup increased their price target on shares of Cullen/Frost Bankers from $114.00 to $125.00 and gave the stock a “sell” rating in a research report on Monday, February 2nd. DA Davidson boosted their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Barclays raised their price objective on Cullen/Frost Bankers from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. Royal Bank Of Canada boosted their target price on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Cullen/Frost Bankers from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $140.92.

Cullen/Frost Bankers Stock Performance

CFR stock opened at $144.46 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 5.31 and a beta of 0.65. Cullen/Frost Bankers, Inc. has a 1 year low of $100.31 and a 1 year high of $148.97. The stock’s fifty day moving average is $136.08 and its two-hundred day moving average is $129.32.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, topping the consensus estimate of $2.47 by $0.09. The business had revenue of $562.58 million during the quarter, compared to analyst estimates of $578.05 million. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. During the same quarter in the prior year, the firm earned $2.36 earnings per share. On average, research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $1.00 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.00 annualized dividend and a dividend yield of 2.8%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 40.32%.

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.