Squarepoint Ops LLC Has $5.26 Million Stock Holdings in Cullen/Frost Bankers, Inc. $CFR

Squarepoint Ops LLC grew its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 327.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,023 shares of the bank’s stock after purchasing an additional 26,055 shares during the quarter. Squarepoint Ops LLC owned about 0.05% of Cullen/Frost Bankers worth $5,257,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. California State Teachers Retirement System boosted its stake in Cullen/Frost Bankers by 14,678.3% in the 2nd quarter. California State Teachers Retirement System now owns 10,701,283 shares of the bank’s stock valued at $1,653,562,000 after purchasing an additional 10,628,871 shares during the period. BlackRock Inc. bought a new position in Cullen/Frost Bankers during the 2nd quarter worth $1,133,453,000. First Eagle Investment Management LLC increased its position in Cullen/Frost Bankers by 22.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 2,777,658 shares of the bank’s stock worth $429,204,000 after buying an additional 511,784 shares during the period. Dimensional Fund Advisors LP increased its position in Cullen/Frost Bankers by 18.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,530,772 shares of the bank’s stock worth $209,833,000 after acquiring an additional 236,808 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Cullen/Frost Bankers by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,224,265 shares of the bank’s stock valued at $155,059,000 after buying an additional 10,246 shares during the period. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Up 0.2%

CFR stock opened at $163.00 on Friday. The business’s 50 day moving average price is $163.10 and its two-hundred day moving average price is $148.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $10.13 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 2.48 and a beta of 0.52. Cullen/Frost Bankers, Inc. has a fifty-two week low of $119.00 and a fifty-two week high of $170.80.

Cullen/Frost Bankers (NYSE:CFR) last announced 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. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%.The business had revenue of $576.01 million during the quarter, compared to analyst estimates of $589.72 million. During the same quarter last year, the firm posted $2.39 earnings per share. As a group, analysts forecast that Cullen/Frost Bankers, Inc. will post 10.94 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

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

Analyst Upgrades and Downgrades

CFR has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cullen/Frost Bankers in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods lifted their target price on shares of Cullen/Frost Bankers from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. TD Cowen increased their price target on shares of Cullen/Frost Bankers from $169.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Zacks Research lowered Cullen/Frost Bankers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Finally, Morgan Stanley upgraded Cullen/Frost Bankers from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $141.00 to $200.00 in a research report on Tuesday. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $166.67.

Cullen/Frost Bankers Profile

Cullen/Frost Bankers, Inc is a financial holding company headquartered in San Antonio, Texas. Its principal subsidiary, Frost Bank, provides banking and financial services to individuals, businesses and institutions throughout Texas.

Frost Bank offers commercial and consumer banking products, including deposit accounts, loans, treasury management, payment services, mortgage lending and online and mobile banking. Through its wealth management operations, the company also provides trust, investment management, brokerage and retirement services.