Arrowstreet Capital Limited Partnership Has $12.90 Million Holdings in Cullen/Frost Bankers, Inc. $CFR

Arrowstreet Capital Limited Partnership boosted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3,892.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,368 shares of the bank’s stock after acquiring an additional 97,854 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Cullen/Frost Bankers were worth $12,901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. First National Advisers LLC lifted its holdings in shares of Cullen/Frost Bankers by 1.3% during the 2nd quarter. First National Advisers LLC now owns 26,771 shares of the bank’s stock valued at $3,441,000 after purchasing an additional 343 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Cullen/Frost Bankers by 1.8% during the 2nd quarter. New York State Common Retirement Fund now owns 129,699 shares of the bank’s stock worth $16,672,000 after buying an additional 2,329 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in Cullen/Frost Bankers in the second quarter valued at approximately $279,000. Norges Bank bought a new position in Cullen/Frost Bankers in the second quarter valued at approximately $90,484,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Cullen/Frost Bankers by 2.9% in the second quarter. Quadrant Capital Group LLC now owns 7,101 shares of the bank’s stock valued at $913,000 after buying an additional 202 shares during the period. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Trading Down 0.6%

Shares of Cullen/Frost Bankers stock opened at $125.59 on Tuesday. Cullen/Frost Bankers, Inc. has a 12-month low of $100.31 and a 12-month high of $146.44. The stock has a market cap of $8.03 billion, a P/E ratio of 12.92, a P/E/G ratio of 2.94 and a beta of 0.64. 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 business’s 50 day moving average is $124.40 and its 200-day moving average is $127.47.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, October 30th. The bank reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.29. Cullen/Frost Bankers had a net margin of 21.99% and a return on equity of 15.84%. The business had revenue of $567.27 million for the quarter, compared to the consensus estimate of $565.54 million. During the same period in the previous year, the company earned $2.24 earnings per share. Equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, November 28th. This represents a $4.00 annualized dividend and a dividend yield of 3.2%. Cullen/Frost Bankers’s payout ratio is currently 41.15%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. TD Cowen raised shares of Cullen/Frost Bankers to a “strong-buy” rating in a research report on Thursday, September 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cullen/Frost Bankers in a research note on Monday, December 1st. Royal Bank Of Canada upped their price objective on Cullen/Frost Bankers from $140.00 to $144.00 and gave the stock a “sector perform” rating in a research report on Friday, October 10th. Cantor Fitzgerald started coverage on Cullen/Frost Bankers in a research report on Wednesday, September 10th. They issued a “neutral” rating and a $138.00 target price on the stock. Finally, Evercore ISI upped their price target on Cullen/Frost Bankers from $135.00 to $137.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $136.75.

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.