Cullen/Frost Bankers, Inc. $CFR Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 85.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,379 shares of the bank’s stock after purchasing an additional 31,101 shares during the quarter. Hsbc Holdings PLC’s holdings in Cullen/Frost Bankers were worth $8,564,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in Cullen/Frost Bankers by 61.6% during 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 lifted its position in shares of Cullen/Frost Bankers by 9.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 166,900 shares of the bank’s stock worth $20,896,000 after buying an additional 15,063 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Cullen/Frost Bankers by 40.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after buying an additional 106 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Cullen/Frost Bankers by 12.2% in the 2nd quarter. Invesco Ltd. now owns 126,040 shares of the bank’s stock valued at $16,201,000 after buying an additional 13,718 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Cullen/Frost Bankers by 82.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the bank’s stock valued at $151,000 after buying an additional 532 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CFR shares. Stephens raised 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 report on Tuesday, May 5th. Barclays raised their target price on shares of Cullen/Frost Bankers from $155.00 to $160.00 and gave the stock an “equal weight” rating in a report on Tuesday. TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a research note on Monday, April 13th. Morgan Stanley upped their target price on Cullen/Frost Bankers from $133.00 to $141.00 and gave the company an “underweight” rating in a report on Monday, June 29th. Finally, Citigroup increased their price target on Cullen/Frost Bankers from $131.00 to $145.00 and gave the stock a “sell” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $151.92.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $153.78 on Thursday. The firm has a fifty day moving average of $143.66 and a 200-day moving average of $139.96. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 3.94 and a beta of 0.54. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. Cullen/Frost Bankers, Inc. has a 1 year low of $119.00 and a 1 year high of $157.51.

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, topping analysts’ consensus estimates of $2.49 by $0.16. The business had revenue of $574.84 million for the quarter, compared to analysts’ expectations of $587.28 million. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. During the same quarter last year, the company earned $2.30 EPS. As a group, equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.59 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $1.03 dividend. This is a positive change from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date was Friday, May 29th. This represents a $4.12 annualized dividend and a yield of 2.7%. Cullen/Frost Bankers’s payout ratio is currently 40.12%.

About Cullen/Frost Bankers

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.