Rockefeller Capital Management L.P. Buys 4,736 Shares of Cullen/Frost Bankers, Inc. $CFR

Rockefeller Capital Management L.P. raised its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 185.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,292 shares of the bank’s stock after buying an additional 4,736 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Cullen/Frost Bankers were worth $924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CFR. Dimensional Fund Advisors LP boosted its position in shares of Cullen/Frost Bankers by 9.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,293,964 shares of the bank’s stock valued at $163,862,000 after acquiring an additional 106,558 shares during the period. Geode Capital Management LLC increased its holdings in Cullen/Frost Bankers by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,224,265 shares of the bank’s stock worth $155,059,000 after acquiring an additional 10,246 shares during the period. Bank of America Corp DE increased its holdings in Cullen/Frost Bankers by 8.5% during the 3rd quarter. Bank of America Corp DE now owns 1,129,673 shares of the bank’s stock worth $143,209,000 after acquiring an additional 88,080 shares during the period. Northern Trust Corp lifted its stake in Cullen/Frost Bankers by 2.3% in the 3rd quarter. Northern Trust Corp now owns 965,821 shares of the bank’s stock worth $122,437,000 after purchasing an additional 21,793 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Cullen/Frost Bankers by 5.5% in the 4th quarter. First Trust Advisors LP now owns 744,009 shares of the bank’s stock worth $94,214,000 after purchasing an additional 38,908 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cullen/Frost Bankers

In other news, EVP Carol Jean Severyn sold 837 shares of the firm’s 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.14% of the company’s stock.

Cullen/Frost Bankers Stock Down 0.6%

CFR opened at $154.87 on Friday. Cullen/Frost Bankers, Inc. has a 12 month low of $119.00 and a 12 month high of $157.34. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average price is $142.68 and its 200-day moving average price is $139.20. The company has a market cap of $9.73 billion, a P/E ratio of 15.08, a P/E/G ratio of 3.92 and a beta of 0.54.

Cullen/Frost Bankers (NYSE:CFR) last issued 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 return on equity of 15.58% and a net margin of 22.86%.The company had revenue of $574.84 million during the quarter, compared to analysts’ expectations of $587.28 million. During the same period in the prior year, the business posted $2.30 EPS. On average, equities analysts expect that Cullen/Frost Bankers, Inc. will post 10.54 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Friday, May 29th. Cullen/Frost Bankers’s payout ratio is currently 40.12%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Cantor Fitzgerald restated a “neutral” rating on shares of Cullen/Frost Bankers in a research report on Monday, June 1st. Raymond James Financial reiterated a “market perform” rating on shares of Cullen/Frost Bankers in a research report on Wednesday. Morgan Stanley lifted their price objective on Cullen/Frost Bankers from $133.00 to $141.00 and gave the company an “underweight” rating in a research note on Monday. TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Royal Bank Of Canada upped their target price on Cullen/Frost Bankers from $150.00 to $155.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Cullen/Frost Bankers has a consensus rating of “Hold” and an average price target of $150.73.

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.