Cullen/Frost Bankers, Inc. $CFR Stock Position Lifted by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC lifted its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 1,296.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 84,623 shares of the bank’s stock after acquiring an additional 78,565 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Cullen/Frost Bankers were worth $13,076,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Cullen/Frost Bankers in the second quarter worth $1,133,453,000. Dimensional Fund Advisors LP raised its holdings in shares of 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 purchasing an additional 236,808 shares during the period. Geode Capital Management LLC raised its holdings in shares of Cullen/Frost Bankers by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,224,265 shares of the bank’s stock worth $155,059,000 after purchasing an additional 10,246 shares during the period. Bank of America Corp DE lifted its position in shares of Cullen/Frost Bankers by 11.8% in the 1st quarter. Bank of America Corp DE now owns 1,210,722 shares of the bank’s stock worth $165,966,000 after buying an additional 127,483 shares during the last quarter. Finally, Northern Trust Corp lifted its position 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 buying an additional 21,793 shares during the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on CFR. Jefferies Financial Group raised shares of Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and lifted their price target for the company from $135.00 to $160.00 in a report on Monday, July 6th. DA Davidson raised their target price on shares of Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Weiss Ratings restated a “buy (b)” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 15th. Stephens upped their target price on Cullen/Frost Bankers from $169.00 to $183.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Barclays increased their price target on Cullen/Frost Bankers from $155.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $161.75.

Insider Activity

In other news, EVP Carol Jean Severyn sold 837 shares of the stock in a transaction on Friday, June 12th. The stock was 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 of the company’s stock, valued at approximately $1,885,062.48. This represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.14% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $161.90 on Monday. The firm has a fifty day moving average of $161.35 and a 200-day moving average of $147.36. The company has a market cap of $10.06 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 2.48 and a beta of 0.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.63 and a current ratio of 0.63. Cullen/Frost Bankers, Inc. has a 1 year low of $119.00 and a 1 year high of $170.80.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, July 30th. The bank reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.15. Cullen/Frost Bankers had a net margin of 23.34% and a return on equity of 15.55%. The business had revenue of $576.01 million for the quarter, compared to analysts’ expectations of $589.72 million. During the same quarter last year, the company earned $2.39 EPS. As a group, equities analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.9 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

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

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.