Pathway Financial Advisers LLC Has $2.51 Million Stake in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Pathway Financial Advisers LLC grew its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 11,169.3% in the 3rd quarter, Holdings Channel reports. The fund owned 22,426 shares of the bank’s stock after buying an additional 22,227 shares during the period. Pathway Financial Advisers LLC’s holdings in Cullen/Frost Bankers were worth $2,509,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Asset Dedication LLC raised its stake in Cullen/Frost Bankers by 63.3% during the third quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock worth $30,000 after acquiring an additional 105 shares in the last quarter. Whittier Trust Co. raised its stake in Cullen/Frost Bankers by 90.7% during the first quarter. Whittier Trust Co. now owns 391 shares of the bank’s stock worth $44,000 after acquiring an additional 186 shares in the last quarter. Allworth Financial LP increased its stake in shares of Cullen/Frost Bankers by 116.6% in the third quarter. Allworth Financial LP now owns 444 shares of the bank’s stock valued at $50,000 after buying an additional 239 shares during the period. Abich Financial Wealth Management LLC acquired a new position in shares of Cullen/Frost Bankers in the second quarter valued at approximately $54,000. Finally, North Star Investment Management Corp. acquired a new position in shares of Cullen/Frost Bankers in the first quarter valued at approximately $69,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CFR shares. Stephens upped their price objective on Cullen/Frost Bankers from $116.00 to $131.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Citigroup reduced their target price on Cullen/Frost Bankers from $107.00 to $104.00 and set a “sell” rating on the stock in a report on Monday, September 30th. Maxim Group lifted their price objective on shares of Cullen/Frost Bankers from $132.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Evercore ISI lowered their price objective on shares of Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating for the company in a research note on Wednesday, October 2nd. Finally, DA Davidson lifted their price objective on shares of Cullen/Frost Bankers from $127.00 to $134.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $121.31.

Cullen/Frost Bankers Trading Down 2.0 %

NYSE CFR opened at $129.76 on Wednesday. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.56 and a beta of 1.00. Cullen/Frost Bankers, Inc. has a one year low of $88.86 and a one year high of $133.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.64 and a quick ratio of 0.64. The business’s fifty day moving average is $114.08 and its 200-day moving average is $108.43.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.