Quantinno Capital Management LP Raises Stake in Cullen/Frost Bankers, Inc. $CFR

Quantinno Capital Management LP raised its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 23.0% during the first quarter, Holdings Channel reports. The fund owned 42,845 shares of the bank’s stock after buying an additional 8,001 shares during the period. Quantinno Capital Management LP’s holdings in Cullen/Frost Bankers were worth $5,873,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CFR. Polar Asset Management Partners Inc. purchased a new position in shares of Cullen/Frost Bankers during the first quarter worth approximately $789,000. Sei Investments Co. boosted its stake in shares of Cullen/Frost Bankers by 2.7% in the 1st quarter. Sei Investments Co. now owns 518,106 shares of the bank’s stock valued at $71,022,000 after purchasing an additional 13,460 shares in the last quarter. Globeflex Capital L P bought a new position in shares of Cullen/Frost Bankers during the 1st quarter valued at $141,000. Cetera Investment Advisers grew its holdings in shares of Cullen/Frost Bankers by 1.0% during the 1st quarter. Cetera Investment Advisers now owns 13,287 shares of the bank’s stock valued at $1,821,000 after purchasing an additional 129 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in Cullen/Frost Bankers in the 1st quarter worth $41,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Stephens boosted their price target on shares of Cullen/Frost Bankers from $169.00 to $183.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Citigroup raised their price objective on Cullen/Frost Bankers from $131.00 to $145.00 and gave the company a “sell” rating in a research note on Tuesday, June 30th. Raymond James Financial reiterated a “market perform” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 1st. Barclays boosted their target price on Cullen/Frost Bankers from $155.00 to $160.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Finally, Jefferies Financial Group upgraded Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and increased their target price for the company from $135.00 to $160.00 in a report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $160.33.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $148.29, for a total transaction of $124,118.73. Following the completion of the transaction, the executive vice president owned 12,712 shares of the company’s stock, valued at $1,885,062.48. This represents a 6.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.14% of the stock is owned by insiders.

Cullen/Frost Bankers Price Performance

Shares of Cullen/Frost Bankers stock opened at $166.18 on Thursday. The firm has a market cap of $10.33 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 2.60 and a beta of 0.53. Cullen/Frost Bankers, Inc. has a 12-month low of $119.00 and a 12-month high of $170.29. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.05. The company’s fifty day simple moving average is $153.24 and its two-hundred day simple moving average is $144.33.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, beating the consensus estimate of $2.55 by $0.15. The firm had revenue of $608.65 million during the quarter, compared to the consensus estimate of $589.72 million. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. During the same period in the prior year, the firm posted $2.39 earnings per share. As a group, equities analysts expect that Cullen/Frost Bankers, Inc. will post 10.79 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, August 31st. Cullen/Frost Bankers’s payout ratio is currently 38.94%.

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.