Atria Wealth Solutions Inc. Grows Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Atria Wealth Solutions Inc. grew its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 99.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,344 shares of the bank’s stock after buying an additional 2,666 shares during the period. Atria Wealth Solutions Inc.’s holdings in Cullen/Frost Bankers were worth $580,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CFR. South Dakota Investment Council raised its stake in Cullen/Frost Bankers by 4.7% in the fourth quarter. South Dakota Investment Council now owns 94,306 shares of the bank’s stock valued at $10,231,000 after buying an additional 4,200 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Cullen/Frost Bankers in the 4th quarter valued at approximately $43,000. New York State Common Retirement Fund boosted its stake in Cullen/Frost Bankers by 15.9% in the 4th quarter. New York State Common Retirement Fund now owns 173,023 shares of the bank’s stock worth $18,771,000 after purchasing an additional 23,713 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its position in Cullen/Frost Bankers by 905.7% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 10,057 shares of the bank’s stock worth $1,091,000 after purchasing an additional 9,057 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Cullen/Frost Bankers by 87.8% during the 4th quarter. Signaturefd LLC now owns 706 shares of the bank’s stock valued at $77,000 after purchasing an additional 330 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of NYSE CFR opened at $105.93 on Monday. Cullen/Frost Bankers, Inc. has a 1 year low of $82.25 and a 1 year high of $120.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. The company’s fifty day moving average price is $108.94 and its 200 day moving average price is $104.46. The company has a market capitalization of $6.81 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 1.32 and a beta of 1.04.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, April 25th. The bank reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.02. Cullen/Frost Bankers had a net margin of 20.57% and a return on equity of 18.31%. During the same quarter last year, the company posted $2.70 EPS. On average, research analysts predict that Cullen/Frost Bankers, Inc. will post 8.43 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Friday, May 31st. Cullen/Frost Bankers’s payout ratio is currently 43.50%.

Insider Activity

In other news, insider Paul Bracher sold 9,820 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the transaction, the insider now owns 96,380 shares in the company, valued at approximately $10,543,972. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Bobby Berman sold 1,312 shares of Cullen/Frost Bankers stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $105.49, for a total value of $138,402.88. Following the sale, the executive vice president now directly owns 27,815 shares in the company, valued at approximately $2,934,204.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul Bracher sold 9,820 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $109.40, for a total value of $1,074,308.00. Following the transaction, the insider now directly owns 96,380 shares of the company’s stock, valued at approximately $10,543,972. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CFR shares. Wedbush reissued a “neutral” rating and set a $115.00 price objective on shares of Cullen/Frost Bankers in a report on Friday, April 26th. JPMorgan Chase & Co. increased their price objective on Cullen/Frost Bankers from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Stephens lifted their target price on Cullen/Frost Bankers from $116.00 to $117.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods cut their price target on shares of Cullen/Frost Bankers from $125.00 to $118.00 and set a “market perform” rating on the stock in a report on Friday, January 26th. Finally, StockNews.com raised shares of Cullen/Frost Bankers to a “sell” rating in a research report on Saturday. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $117.46.

About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.