Natixis Advisors LLC Has $47.28 Million Stake in Cullen/Frost Bankers, Inc. $CFR

Natixis Advisors LLC raised its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 2.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 373,373 shares of the bank’s stock after purchasing an additional 8,003 shares during the period. Natixis Advisors LLC owned 0.59% of Cullen/Frost Bankers worth $47,280,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CFR. Norges Bank acquired a new position in shares of Cullen/Frost Bankers in the 4th quarter worth approximately $92,904,000. Two Sigma Investments LP lifted its position in shares of Cullen/Frost Bankers by 2,024.4% in the 3rd quarter. Two Sigma Investments LP now owns 373,977 shares of the bank’s stock worth $47,409,000 after purchasing an additional 356,373 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Cullen/Frost Bankers by 16,676.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 353,470 shares of the bank’s stock worth $44,760,000 after purchasing an additional 351,363 shares during the period. Fiera Capital Corp acquired a new position in shares of Cullen/Frost Bankers in the 3rd quarter worth approximately $29,769,000. Finally, Millennium Management LLC acquired a new position in shares of Cullen/Frost Bankers in the 3rd quarter worth approximately $29,687,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CFR. DA Davidson boosted their price target 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. TD Cowen upgraded shares of Cullen/Frost Bankers to a “strong-buy” rating in a research note on Monday, April 13th. Weiss Ratings upgraded shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Morgan Stanley lowered their price objective on shares of Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating for the company in a research note on Tuesday, March 31st. Finally, Stephens upgraded shares of Cullen/Frost Bankers from an “equal weight” rating to an “overweight” rating and set a $164.00 price objective for the company in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Cullen/Frost Bankers presently has an average rating of “Hold” and an average price target of $148.73.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $134.46 on Thursday. The company has a fifty day moving average of $139.27 and a 200-day moving average of $135.76. The firm has a market capitalization of $8.44 billion, a P/E ratio of 13.09, a P/E/G ratio of 3.44 and a beta of 0.55. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a twelve month low of $119.00 and a twelve month high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.16. The company had revenue of $574.84 million during the quarter, compared to analyst estimates of $587.29 million. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. During the same quarter in the previous year, the business posted $2.30 EPS. As a group, sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.46 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $1.03 per share. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, May 29th. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 40.12%.

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.