Bessemer Group Inc. Has $23.65 Million Stake in Cullen/Frost Bankers, Inc. $CFR

Bessemer Group Inc. grew its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 976.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 186,738 shares of the bank’s stock after buying an additional 169,395 shares during the period. Bessemer Group Inc.’s holdings in Cullen/Frost Bankers were worth $23,647,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Diversified Trust Co. increased its stake in shares of Cullen/Frost Bankers by 0.5% in the fourth quarter. Diversified Trust Co. now owns 13,868 shares of the bank’s stock valued at $1,756,000 after buying an additional 74 shares in the last quarter. Matrix Trust Co increased its stake in shares of Cullen/Frost Bankers by 40.4% in the fourth quarter. Matrix Trust Co now owns 320 shares of the bank’s stock valued at $41,000 after buying an additional 92 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Cullen/Frost Bankers by 2.9% in the third quarter. Private Advisor Group LLC now owns 3,283 shares of the bank’s stock valued at $416,000 after buying an additional 94 shares in the last quarter. Cardinal Capital Management increased its stake in shares of Cullen/Frost Bankers by 0.5% in the fourth quarter. Cardinal Capital Management now owns 18,134 shares of the bank’s stock valued at $2,296,000 after buying an additional 98 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Cullen/Frost Bankers by 40.8% in the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after buying an additional 106 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Price Performance

Shares of CFR stock opened at $134.66 on Friday. The stock has a 50-day moving average price of $138.14 and a 200 day moving average price of $134.43. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 3.43 and a beta of 0.58. Cullen/Frost Bankers, Inc. has a 12 month low of $119.00 and a 12 month high of $148.97.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.16. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $587.29 million. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.During the same period last year, the company earned $2.30 earnings per share. Research analysts expect that Cullen/Frost Bankers, Inc. will post 10.41 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, May 29th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 38.95%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CFR. DA Davidson raised their target price on Cullen/Frost Bankers from $143.00 to $144.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Morgan Stanley lowered their price objective on Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating for the company in a research report on Tuesday, March 31st. Barclays lifted their price objective on Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 7th. TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Citigroup lifted their price objective on Cullen/Frost Bankers from $125.00 to $131.00 and gave the stock a “sell” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $145.08.

About Cullen/Frost Bankers

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.