The most recent Form 13F filing that the company made with the Securities and Exchange Commission revealed that Great West Life Assurance Co. increased its holdings in Cullen/Frost Bankers, Inc. (NYSE: CFR) during the third quarter by 22.9%. This information was gleaned from the filing that was made. The institutional investor’s portfolio currently contains 43,709 shares of the bank’s stock after the investor purchased an additional 8,156 shares during the quarter. The Great West Life Assurance Company had a holding of 0.07% of Cullen/Frost Bankers at the end of the most recent reporting period, which had a value of $5,777,000 at the time.
Recent adjustments have been made to the company’s holdings by several other institutional investors and hedge funds. These adjustments were made within the past few months. During the second quarter of the current fiscal year, Meeder Asset Management Inc. increased the percentage of its total assets invested in Cullen/Frost Bankers by 45.5%. Meeder Asset Management Inc. now has a total of 288 shares of the bank’s stock, which can be valued at $34,000 thanks to the fact that the company made an additional purchase of 90 shares during the period in question. Covestor Ltd. increased its holdings in Cullen/Frost Bankers by 80.7% over the year’s first three months. Covestor Ltd. now has 309 shares of the bank’s stock, worth a combined total of $43,000 after purchasing an additional 138 shares during the most recent quarter. During the second quarter, CWM LLC accomplished an overall 638.5% increase in the percentage of ownership it held in Cullen/Frost Bankers. The most recent fiscal quarter saw CWM LLC acquire an additional 332 shares of the bank’s stock, bringing the total number of shares owned by the company to 384, with a value of $45,000. This brought the total number of shares owned by the company to 384 during the period. Atlas Capital Advisors LLC invested 51,000 dollars in Cullen/Frost Bankers during the second quarter. The company received this investment. Wipfli Financial Advisors LLC spent $61,000 during the third quarter to acquire a new interest in Cullen/Frost Bankers. This purchase was made between July and September. This was the final purchase, but certainly not the only one. The majority of the company’s shares, or 81.93 percent, are held by institutions.
A significant number of brokerage firms have now disseminated the CFR reports. On Tuesday, December 20, DA Davidson released a research report announcing that the firm would begin providing coverage for Cullen/Frost Bankers shares. They suggested “buying” the stock and setting a price target of $147.01 for the share price of the company’s stock. Bank of America moved shares of Cullen/Frost Bankers from a “neutral” rating to a “buy” rating and set a price objective of $155.00 on the stock report released that day, Thursday, January 5. The report on the stock was published that day. They suggested “buying” the stock and setting a price target of $147.01 for the share price of the company’s stock. Bank of America reclassified shares of Cullen/Frost Bankers from a “neutral” rating to a “buy” rating and set a price objective of $155.00 on the stock on Thursday, January 5. The brokerage company mentioned all of this information in their research note. In a research note published on Friday, October 28, Stephens increased their price target on Cullen/Frost Bankers from $149.00 to $163.00.
Additionally, they assigned the stock the rating of “equal weight.” In a research report released on Friday, October 28, the Royal Bank of Canada categorized the company as “sector perform” and raised their price objective on Cullen/Frost Bankers from $148.0 to $160.00. In addition, the bank raised its price target on Cullen/Frost Bankers from $148.0 to $160.00. In a research report that was made public on Friday, October 28, Raymond James raised their price target on shares of Cullen/Frost Bankers from $150.00 to $165.00 and assigned the company an “outperform” rating. In addition, Raymond James rated the company as “outperforming,” suggesting that it will continue to do well. The company has been recommended to buy from eight different research analysts, a recommendation to hold from five different research analysts, and a recommendation to sell from one research analyst. According to data that was retrieved from Bloomberg.com, the current consensus rating for Cullen/Frost Bankers is “Hold,” and the price objective that the market has set is $152.38. In addition, the price objective that the market has set is $152.38.
On Friday, a share of CFR stock was trading for $133.79 per share. A price-to-earnings ratio of 17.96, a price-to-earnings multiple of 1.29, and a beta value of 1.11 are all the characteristics of the company in question characteristics. The company’s total value, as measured by its market capitalization, is $8.60 billion. Although the current, quick, and debt-to-equity ratios are equal to 0.63, the debt-to-equity ratio is only 0.08. The stock price is $136.50 according to the simple moving average calculated over the past 200 days and $136.58 according to the simple moving average calculated over the past 50 days. Cullen/Frost Bankers, Inc. hit a low point over the past 52 weeks of $112.67, while the company reached a high point over the past 52 weeks of $160.60.
In a report made available to the general public on October 27, Cullen/Frost Bankers (NYSE: CFR) disclosed their findings. The financial institution reported $2.59 per share earnings for the quarter, which is $0.40 more than the consensus estimate of $2.19 per share. The revenue for the quarter came in at $479.34 million, which is significantly higher than the consensus expectation of $445.68 million the previous company reported. As evidenced by the high net margin of 30.07% and the 14.18% return on equity that Cullen/Frost Bankers achieved, the company had a successful performance. In the current fiscal year, sell-side analysts forecast that Cullen/Frost Bankers, Inc. will bring in $8.68 per share earnings.
In addition, the company announced a quarterly dividend, and on December 15, that dividend was paid out to shareholders. On Friday, December 1, shareholders who were on the company’s books as of the previous Wednesday received a dividend payment of $0.87 per share. An annualized calculation reveals that this equates to a dividend payment of $3.48 and a yield of 2.60%. The yield is derived from the stock’s price. The dividend was disbursed to shareholders on November 29 (a Tuesday), which was the month in question. At present, the dividend payout ratio for Cullen/Frost Bankers is calculated to be 46.71 percent.
On top of that, Executive Vice President Bobby Berman of Cullen/Frost Bankers sold 1,941 shares of the company’s stock on Friday, October 28. The price for each share averaged out to be $151.62, which resulted in a total revenue of $294,294.99 once all of the shares were sold. Following the completion of the transaction, the executive vice president will have a total of 24,589 shares of the company, each of which is approximately worth $3,728,184.18 at present. Access to the legal file that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website. This file can be found on the website. Insiders collectively hold a stake in the company equal to 3.76% of its total value.
