Tudor Investment Corp ET AL Boosts Stock Holdings in Cullen/Frost Bankers, Inc. $CFR
by Sarita Garza · The Markets DailyTudor Investment Corp ET AL boosted its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR – Free Report) by 915.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 43,036 shares of the bank’s stock after buying an additional 38,796 shares during the period. Tudor Investment Corp ET AL’s holdings in Cullen/Frost Bankers were worth $5,456,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of CFR. Two Sigma Investments LP increased its stake in Cullen/Frost Bankers by 2,024.4% during the 3rd quarter. Two Sigma Investments LP now owns 373,977 shares of the bank’s stock worth $47,409,000 after buying an additional 356,373 shares in the last quarter. Fiera Capital Corp purchased a new stake in Cullen/Frost Bankers during the 3rd quarter worth approximately $29,769,000. Millennium Management LLC purchased a new stake in Cullen/Frost Bankers during the 3rd quarter worth approximately $29,687,000. UBS Group AG increased its stake in Cullen/Frost Bankers by 197.5% during the 3rd quarter. UBS Group AG now owns 349,601 shares of the bank’s stock worth $44,319,000 after buying an additional 232,077 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Cullen/Frost Bankers by 61.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 605,697 shares of the bank’s stock worth $75,833,000 after buying an additional 230,993 shares in the last quarter. 86.90% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on CFR shares. Cantor Fitzgerald boosted their price objective on Cullen/Frost Bankers from $141.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 3rd. Citigroup boosted their price objective on Cullen/Frost Bankers from $114.00 to $125.00 and gave the stock a “sell” rating in a research note on Monday, February 2nd. Weiss Ratings upgraded Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Morgan Stanley dropped their price target 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. Finally, Royal Bank Of Canada upped their price target on Cullen/Frost Bankers from $144.00 to $150.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $142.25.
View Our Latest Analysis on CFR
Insiders Place Their Bets
In related news, EVP Bobby Berman sold 1,000 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $137.07, for a total value of $137,070.00. Following the completion of the transaction, the executive vice president directly owned 28,406 shares in the company, valued at approximately $3,893,610.42. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.89% of the company’s stock.
Cullen/Frost Bankers Price Performance
CFR stock opened at $143.19 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67. The business has a 50 day simple moving average of $139.02 and a 200-day simple moving average of $131.76. The firm has a market capitalization of $9.02 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 5.08 and a beta of 0.61. Cullen/Frost Bankers, Inc. has a 1 year low of $101.76 and a 1 year high of $148.97.
Cullen/Frost Bankers (NYSE:CFR – Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $578.05 million. Cullen/Frost Bankers had a return on equity of 15.49% and a net margin of 22.21%.During the same period in the prior year, the business earned $2.36 earnings per share. Equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.
Cullen/Frost Bankers Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a $1.00 dividend. The ex-dividend date was Friday, February 27th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.8%. Cullen/Frost Bankers’s dividend payout ratio is 40.32%.
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.
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