Aristotle Capital Management LLC Sells 245,169 Shares of Cullen/Frost Bankers, Inc. $CFR

Aristotle Capital Management LLC decreased its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 4.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,765,009 shares of the bank’s stock after selling 245,169 shares during the quarter. Aristotle Capital Management LLC owned about 0.08% of Cullen/Frost Bankers worth $653,197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. M&T Bank Corp boosted its stake in Cullen/Frost Bankers by 13.5% during the fourth quarter. M&T Bank Corp now owns 109,154 shares of the bank’s stock valued at $13,822,000 after buying an additional 12,990 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of Cullen/Frost Bankers by 863.1% in the fourth quarter. Concurrent Investment Advisors LLC now owns 21,448 shares of the bank’s stock worth $2,716,000 after buying an additional 19,221 shares during the period. ProShare Advisors LLC grew its position in Cullen/Frost Bankers by 3.7% during the 4th quarter. ProShare Advisors LLC now owns 268,194 shares of the bank’s stock worth $33,961,000 after acquiring an additional 9,612 shares during the last quarter. Tudor Investment Corp ET AL grew its position in Cullen/Frost Bankers by 915.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 43,036 shares of the bank’s stock worth $5,456,000 after acquiring an additional 38,796 shares during the last quarter. Finally, Verition Fund Management LLC increased its stake in Cullen/Frost Bankers by 52.8% in the 4th quarter. Verition Fund Management LLC now owns 130,944 shares of the bank’s stock worth $16,581,000 after purchasing an additional 45,254 shares during the period. Institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Price Performance

Cullen/Frost Bankers stock opened at $164.23 on Friday. The firm’s fifty day moving average is $148.81 and its 200 day moving average is $142.56. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a 52-week low of $119.00 and a 52-week high of $165.16. The company has a market cap of $10.31 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 2.88 and a beta of 0.54.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.16. Cullen/Frost Bankers had a net margin of 22.86% and a return on equity of 15.58%. The business had revenue of $574.84 million for the quarter, compared to the consensus estimate of $587.28 million. During the same quarter in the prior year, the firm posted $2.30 earnings per share. Sell-side analysts forecast that Cullen/Frost Bankers, Inc. will post 10.57 EPS for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, May 29th. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. Cullen/Frost Bankers’s payout ratio is currently 40.12%.

Insider Buying and Selling

In related news, EVP Carol Jean Severyn sold 837 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 12,712 shares of the company’s stock, valued at $1,885,062.48. This trade represents a 6.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.14% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on CFR shares. Royal Bank Of Canada lifted their price target on shares of Cullen/Frost Bankers from $150.00 to $155.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Stephens raised shares of Cullen/Frost Bankers from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 9th. DA Davidson raised their price objective on shares of Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Citigroup increased their price target on shares of Cullen/Frost Bankers from $131.00 to $145.00 and gave the stock a “sell” rating in a research note on Tuesday, June 30th. Finally, Jefferies Financial Group upgraded Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and lifted their price objective for the company from $135.00 to $160.00 in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Cullen/Frost Bankers presently has an average rating of “Hold” and an average target price of $152.42.

About Cullen/Frost Bankers

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.