Orion Portfolio Solutions LLC Raises Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Orion Portfolio Solutions LLC boosted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 118.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,316 shares of the bank’s stock after acquiring an additional 7,750 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Cullen/Frost Bankers were worth $1,922,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Tidal Investments LLC boosted its stake in shares of Cullen/Frost Bankers by 30.3% during the third quarter. Tidal Investments LLC now owns 18,689 shares of the bank’s stock valued at $2,091,000 after purchasing an additional 4,348 shares during the period. Barclays PLC lifted its holdings in Cullen/Frost Bankers by 234.5% during the 3rd quarter. Barclays PLC now owns 436,393 shares of the bank’s stock valued at $48,814,000 after buying an additional 305,921 shares in the last quarter. Entropy Technologies LP purchased a new stake in Cullen/Frost Bankers in the 4th quarter valued at about $389,000. National Bank of Canada FI bought a new position in Cullen/Frost Bankers in the 3rd quarter worth about $1,586,000. Finally, HighTower Advisors LLC increased its position in shares of Cullen/Frost Bankers by 8.3% during the fourth quarter. HighTower Advisors LLC now owns 13,083 shares of the bank’s stock worth $1,756,000 after acquiring an additional 1,003 shares during the period. Institutional investors own 86.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CFR. Barclays initiated coverage on Cullen/Frost Bankers in a report on Tuesday. They issued an “equal weight” rating and a $130.00 price target for the company. DA Davidson cut Cullen/Frost Bankers from a “buy” rating to a “neutral” rating and upped their target price for the stock from $138.00 to $143.00 in a report on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and set a $144.00 price target on shares of Cullen/Frost Bankers in a research note on Friday, January 31st. Keefe, Bruyette & Woods upped their price objective on shares of Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Finally, Evercore ISI raised their target price on shares of Cullen/Frost Bankers from $136.00 to $144.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $132.57.

Insiders Place Their Bets

In other news, insider Paul Bracher sold 11,500 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $139.45, for a total value of $1,603,675.00. Following the transaction, the insider now directly owns 102,946 shares of the company’s stock, valued at approximately $14,355,819.70. This represents a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Cullen/Frost Bankers Price Performance

NYSE CFR opened at $124.42 on Thursday. The firm’s fifty day simple moving average is $133.35 and its two-hundred day simple moving average is $131.37. The firm has a market capitalization of $8.00 billion, a P/E ratio of 14.03, a P/E/G ratio of 6.46 and a beta of 0.82. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 12-month low of $94.09 and a 12-month high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. Analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $3.80 dividend on an annualized basis and a yield of 3.05%. Cullen/Frost Bankers’s payout ratio is 42.84%.

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.