Private Advisor Group LLC Invests $326,000 in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Private Advisor Group LLC bought a new stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,006 shares of the bank’s stock, valued at approximately $326,000.

A number of other large investors also recently bought and sold shares of the business. Anchor Investment Management LLC purchased a new stake in shares of Cullen/Frost Bankers in the fourth quarter valued at approximately $1,069,000. Hsbc Holdings PLC purchased a new position in Cullen/Frost Bankers during the third quarter valued at $1,302,000. Aigen Investment Management LP purchased a new position in Cullen/Frost Bankers during the third quarter valued at $530,000. Bryn Mawr Capital Management LLC acquired a new stake in shares of Cullen/Frost Bankers in the fourth quarter valued at about $1,042,000. Finally, Sei Investments Co. increased its stake in shares of Cullen/Frost Bankers by 5.8% during the third quarter. Sei Investments Co. now owns 314,657 shares of the bank’s stock worth $28,700,000 after purchasing an additional 17,141 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

CFR has been the subject of several research reports. Stephens boosted their price objective on Cullen/Frost Bankers from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. DA Davidson reissued a “buy” rating and issued a $126.00 price objective on shares of Cullen/Frost Bankers in a research note on Thursday, March 28th. Wedbush reaffirmed a “neutral” rating and set a $115.00 target price on shares of Cullen/Frost Bankers in a research note on Friday, April 26th. StockNews.com upgraded shares of Cullen/Frost Bankers to a “sell” rating in a research report on Saturday, May 4th. Finally, Jefferies Financial Group boosted their price target on shares of Cullen/Frost Bankers from $119.00 to $121.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $117.46.

Cullen/Frost Bankers Stock Down 1.9 %

Shares of NYSE CFR opened at $103.52 on Thursday. The company has a market capitalization of $6.65 billion, a P/E ratio of 12.24, a P/E/G ratio of 1.31 and a beta of 1.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.65 and a quick ratio of 0.65. The company has a 50 day simple moving average of $108.26 and a 200-day simple moving average of $105.86. Cullen/Frost Bankers, Inc. has a 1 year low of $82.25 and a 1 year high of $120.31.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, April 25th. The bank reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.02. The company had revenue of $522.74 million for the quarter, compared to the consensus estimate of $510.09 million. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. During the same quarter in the previous year, the business earned $2.70 earnings per share. On average, equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.45 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.92 dividend. The ex-dividend date is Thursday, May 30th. This represents a $3.68 dividend on an annualized basis and a yield of 3.55%. Cullen/Frost Bankers’s payout ratio is currently 43.50%.

Insiders Place Their Bets

In other news, EVP Bobby Berman sold 1,312 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were 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 of the company’s stock, valued at approximately $2,934,204.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is currently owned by insiders.

Cullen/Frost Bankers Profile

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.