47,379 Shares in Cullen/Frost Bankers, Inc. $CFR Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 47,379 shares of the bank’s stock, valued at approximately $7,345,000. Hsbc Holdings PLC owned 0.08% of Cullen/Frost Bankers at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its holdings in shares of Cullen/Frost Bankers by 61.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock worth $75,833,000 after acquiring an additional 230,993 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cullen/Frost Bankers by 9.9% during 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 purchasing an additional 15,063 shares during the period. Geneos Wealth Management Inc. increased its holdings in Cullen/Frost Bankers by 40.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after purchasing an additional 106 shares during the last quarter. Invesco Ltd. increased its holdings in 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 purchasing an additional 13,718 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Cullen/Frost Bankers by 82.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the bank’s stock valued at $151,000 after purchasing an additional 532 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock opened at $161.90 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a 52 week low of $119.00 and a 52 week high of $170.80. The stock has a market capitalization of $10.06 billion, a PE ratio of 15.30, a P/E/G ratio of 2.47 and a beta of 0.53. The firm has a 50 day moving average of $161.35 and a two-hundred day moving average of $147.36.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, topping the consensus estimate of $2.55 by $0.15. The business had revenue of $576.01 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 quarter in the previous year, the firm posted $2.39 earnings per share. On average, research analysts predict that Cullen/Frost Bankers, Inc. will post 10.9 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

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

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research analysts have commented on CFR shares. Weiss Ratings restated a “buy (b)” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods lifted their price objective on Cullen/Frost Bankers from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Zacks Research upgraded Cullen/Frost Bankers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Morgan Stanley increased their target price on Cullen/Frost Bankers from $133.00 to $141.00 and gave the stock an “underweight” rating in a research note on Monday, June 29th. Finally, Raymond James Financial restated a “market perform” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $161.75.

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.