SG Americas Securities LLC Has $5.63 Million Stock Holdings in Cullen/Frost Bankers, Inc. $CFR

SG Americas Securities LLC boosted its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 137.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 44,453 shares of the bank’s stock after acquiring an additional 25,767 shares during the quarter. SG Americas Securities LLC’s holdings in Cullen/Frost Bankers were worth $5,629,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Cullen/Frost Bankers by 6.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,187,406 shares of the bank’s stock valued at $150,529,000 after acquiring an additional 77,028 shares during the period. Bank of America Corp DE lifted its holdings in shares of Cullen/Frost Bankers by 8.5% in the 3rd quarter. Bank of America Corp DE now owns 1,129,673 shares of the bank’s stock worth $143,209,000 after purchasing an additional 88,080 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Cullen/Frost Bankers by 2.3% in the 3rd quarter. Northern Trust Corp now owns 965,821 shares of the bank’s stock worth $122,437,000 after purchasing an additional 21,793 shares in the last quarter. Impax Asset Management Group plc grew its position in Cullen/Frost Bankers by 11.9% in the 3rd quarter. Impax Asset Management Group plc now owns 920,833 shares of the bank’s stock valued at $116,734,000 after purchasing an additional 97,955 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its position in Cullen/Frost Bankers by 3.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 831,752 shares of the bank’s stock valued at $105,441,000 after purchasing an additional 25,000 shares during the period. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Trading Up 1.3%

NYSE CFR opened at $137.02 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $138.84 and a 200 day simple moving average of $131.25. Cullen/Frost Bankers, Inc. has a 12 month low of $100.31 and a 12 month high of $148.97. The firm has a market capitalization of $8.63 billion, a P/E ratio of 13.81, a PEG ratio of 4.97 and a beta of 0.63.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $578.05 million. Cullen/Frost Bankers had a net margin of 22.21% and a return on equity of 15.49%. During the same period in the previous year, the firm earned $2.36 EPS. On average, analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, February 27th. This represents a $4.00 annualized dividend and a yield of 2.9%. Cullen/Frost Bankers’s payout ratio is 40.32%.

Wall Street Analyst Weigh In

CFR has been the topic of several research reports. Citigroup upped their price objective on shares of Cullen/Frost Bankers from $114.00 to $125.00 and gave the stock a “sell” rating in a report on Monday, February 2nd. Morgan Stanley reduced their price objective on shares of Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating for the company in a report on Tuesday. Royal Bank Of Canada boosted their target price on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Weiss Ratings raised shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Finally, DA Davidson lifted their price target on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $141.83.

Insider Transactions at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,000 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $137.07, for a total value of $137,070.00. Following the completion of the sale, the executive vice president owned 28,406 shares in the company, valued at approximately $3,893,610.42. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.14% of the company’s stock.

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.