Sei Investments Co. Has $71.02 Million Position in Cullen/Frost Bankers, Inc. $CFR

Sei Investments Co. raised its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 518,106 shares of the bank’s stock after acquiring an additional 13,460 shares during the quarter. Sei Investments Co.’s holdings in Cullen/Frost Bankers were worth $71,022,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in shares of Cullen/Frost Bankers during the 3rd quarter valued at $28,000. Covestor Ltd boosted its position in shares of Cullen/Frost Bankers by 67.6% in the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Cullen/Frost Bankers by 252.1% in the 4th quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock worth $33,000 after purchasing an additional 184 shares during the last quarter. Matrix Trust Co grew its stake in shares of Cullen/Frost Bankers by 40.4% during the fourth quarter. Matrix Trust Co now owns 320 shares of the bank’s stock worth $41,000 after purchasing an additional 92 shares during the period. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Cullen/Frost Bankers during the first quarter worth $41,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CFR shares. Citigroup upped their price objective on Cullen/Frost Bankers from $131.00 to $145.00 and gave the company a “sell” rating in a report on Tuesday, June 30th. DA Davidson boosted their target price on Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Morgan Stanley boosted their target price on Cullen/Frost Bankers from $133.00 to $141.00 and gave the stock an “underweight” rating in a research report on Monday, June 29th. Jefferies Financial Group raised Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and upped their price target for the company from $135.00 to $160.00 in a research note on Monday, July 6th. Finally, Stephens upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $152.42.

Insiders Place Their Bets

In other news, EVP Carol Jean Severyn sold 837 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $148.29, for a total value of $124,118.73. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.14% of the company’s stock.

Cullen/Frost Bankers Price Performance

CFR opened at $164.23 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a 12 month low of $119.00 and a 12 month high of $165.16. The company has a fifty day simple moving average of $148.81 and a 200 day simple moving average of $142.56. The stock has a market cap of $10.31 billion, a P/E ratio of 15.99, a P/E/G ratio of 2.88 and a beta of 0.54.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.16. The firm had revenue of $574.84 million for the quarter, compared to analyst estimates of $587.28 million. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.During the same period in the previous year, the company posted $2.30 earnings per share. On average, research analysts expect that Cullen/Frost Bankers, Inc. will post 10.57 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were paid a $1.03 dividend. The ex-dividend date of this dividend was Friday, May 29th. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a yield of 2.5%. Cullen/Frost Bankers’s payout ratio is presently 40.12%.

Cullen/Frost Bankers Company 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.