Bessemer Group Inc. Grows Holdings in Cullen/Frost Bankers, Inc. $CFR

Bessemer Group Inc. boosted its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 25.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,343 shares of the bank’s stock after purchasing an additional 3,512 shares during the period. Bessemer Group Inc.’s holdings in Cullen/Frost Bankers were worth $2,199,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. M.E. Allison & CO. Inc. increased its position in Cullen/Frost Bankers by 35.1% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 8,734 shares of the bank’s stock worth $1,123,000 after purchasing an additional 2,270 shares during the period. Cullen Frost Bankers Inc. grew its holdings in Cullen/Frost Bankers by 62.0% during the third quarter. Cullen Frost Bankers Inc. now owns 38,734 shares of the bank’s stock worth $4,910,000 after acquiring an additional 14,831 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Cullen/Frost Bankers by 3,892.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 100,368 shares of the bank’s stock worth $12,901,000 after acquiring an additional 97,854 shares in the last quarter. Legal & General Group Plc lifted its holdings in Cullen/Frost Bankers by 3.4% in the second quarter. Legal & General Group Plc now owns 100,690 shares of the bank’s stock valued at $12,943,000 after acquiring an additional 3,313 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Cullen/Frost Bankers by 30.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 102,234 shares of the bank’s stock worth $13,141,000 after purchasing an additional 23,714 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $146.79 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a fifty-two week low of $100.31 and a fifty-two week high of $148.12. The business has a fifty day moving average of $133.06 and a 200-day moving average of $128.57. The stock has a market cap of $9.28 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 5.40 and a beta of 0.64.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.09. The firm had revenue of $562.58 million during the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $2.36 EPS. As a group, 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 Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. Cullen/Frost Bankers’s payout ratio is currently 40.32%.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,000 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of $137.07, for a total transaction of $137,070.00. Following the transaction, the executive vice president owned 28,406 shares of the company’s stock, valued at $3,893,610.42. This represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Coolidge E. Rhodes, Jr. sold 700 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $127.00, for a total value of $88,900.00. Following the sale, the executive vice president owned 3,795 shares in the company, valued at $481,965. This trade represents a 15.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,700 shares of company stock worth $225,970 in the last three months. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. TD Cowen reiterated a “positive” rating on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. Loop Capital set a $160.00 target price on shares of Cullen/Frost Bankers in a report on Monday, February 2nd. Keefe, Bruyette & Woods upped their price target on Cullen/Frost Bankers from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cullen/Frost Bankers in a report on Monday, December 29th. Finally, Citigroup boosted their target price on Cullen/Frost Bankers from $114.00 to $125.00 and gave the stock a “sell” rating in a research report on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $140.92.

Cullen/Frost Bankers 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.