Cullen/Frost Bankers, Inc. $CFR Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp lifted its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 21.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 400,000 shares of the bank’s stock after acquiring an additional 70,000 shares during the period. Alberta Investment Management Corp’s holdings in Cullen/Frost Bankers were worth $50,652,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Diversified Trust Co. lifted its stake in shares of Cullen/Frost Bankers by 0.5% in the 4th quarter. Diversified Trust Co. now owns 13,868 shares of the bank’s stock worth $1,756,000 after acquiring an additional 74 shares during the period. Matrix Trust Co lifted its stake in shares of Cullen/Frost Bankers by 40.4% in the 4th quarter. Matrix Trust Co now owns 320 shares of the bank’s stock worth $41,000 after acquiring an additional 92 shares during the period. Private Advisor Group LLC lifted its stake in shares of Cullen/Frost Bankers by 2.9% in the 3rd quarter. Private Advisor Group LLC now owns 3,283 shares of the bank’s stock worth $416,000 after acquiring an additional 94 shares during the period. Cardinal Capital Management lifted its stake in shares of Cullen/Frost Bankers by 0.5% in the 4th quarter. Cardinal Capital Management now owns 18,134 shares of the bank’s stock worth $2,296,000 after acquiring an additional 98 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Cullen/Frost Bankers by 67.6% in the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after acquiring an additional 100 shares during the period. 86.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Cullen/Frost Bankers news, EVP Carol Jean Severyn sold 837 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $148.29, for a total value of $124,118.73. Following the completion of the sale, the executive vice president owned 12,712 shares in the company, valued at approximately $1,885,062.48. This trade represents a 6.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.14% of the stock is owned by company insiders.

Cullen/Frost Bankers Price Performance

Shares of Cullen/Frost Bankers stock opened at $145.02 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.65. Cullen/Frost Bankers, Inc. has a fifty-two week low of $119.00 and a fifty-two week high of $148.97. The firm has a fifty day moving average price of $140.41 and a two-hundred day moving average price of $136.95. The company has a market cap of $9.11 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 3.75 and a beta of 0.55.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. The firm had revenue of $574.84 million during the quarter, compared to the consensus estimate of $587.29 million. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. During the same period in the prior year, the firm earned $2.30 EPS. Analysts expect that Cullen/Frost Bankers, Inc. will post 10.46 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $1.03 per share. This is an increase from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date was Friday, May 29th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. Cullen/Frost Bankers’s dividend payout ratio is 40.12%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CFR shares. Cantor Fitzgerald restated a “neutral” rating on shares of Cullen/Frost Bankers in a research report on Monday, June 1st. Morgan Stanley decreased their price target on shares of Cullen/Frost Bankers from $143.00 to $133.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. Weiss Ratings upgraded shares of Cullen/Frost Bankers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. TD Cowen upgraded shares of Cullen/Frost Bankers to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Citigroup boosted their price target on shares of Cullen/Frost Bankers from $125.00 to $131.00 and gave the company a “sell” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cullen/Frost Bankers currently has an average rating of “Hold” and a consensus target price of $148.73.

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.