Wellington Management Group LLP Has $51.77 Million Stock Holdings in Cullen/Frost Bankers, Inc. $CFR

Wellington Management Group LLP trimmed its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 33.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 335,048 shares of the bank’s stock after selling 165,042 shares during the quarter. Wellington Management Group LLP owned about 0.54% of Cullen/Frost Bankers worth $51,772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Private Advisor Group LLC increased its position in Cullen/Frost Bankers by 2.9% in the 3rd quarter. Private Advisor Group LLC now owns 3,283 shares of the bank’s stock valued at $416,000 after acquiring an additional 94 shares in the last quarter. Evolve Private Wealth LLC lifted its position in shares of Cullen/Frost Bankers by 6.0% during the first quarter. Evolve Private Wealth LLC now owns 1,726 shares of the bank’s stock worth $237,000 after purchasing an additional 98 shares in the last quarter. Covestor Ltd grew its stake in shares of Cullen/Frost Bankers by 67.6% during the fourth quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Cullen/Frost Bankers by 0.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 12,921 shares of the bank’s stock valued at $1,771,000 after purchasing an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System increased its holdings in shares of Cullen/Frost Bankers by 0.7% in the first quarter. State of Michigan Retirement System now owns 15,164 shares of the bank’s stock valued at $2,079,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Price Performance

Shares of CFR opened at $162.80 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a 1 year low of $119.00 and a 1 year high of $170.80. The stock has a market cap of $10.12 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 2.48 and a beta of 0.52. The stock’s 50-day moving average price is $162.16 and its two-hundred day moving average price is $147.80.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.15. The company had revenue of $576.01 million during the quarter, compared to analysts’ expectations of $589.72 million. Cullen/Frost Bankers had a return on equity of 15.55% and a net margin of 23.34%.During the same period in the prior year, the business posted $2.39 EPS. On average, equities analysts predict that Cullen/Frost Bankers, Inc. will post 10.9 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 31st. Cullen/Frost Bankers’s dividend payout ratio is presently 38.94%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CFR shares. Barclays upped their price objective on Cullen/Frost Bankers from $155.00 to $160.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 15th. Jefferies Financial Group raised Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $135.00 to $160.00 in a report on Monday, July 6th. Keefe, Bruyette & Woods raised their target price on shares of Cullen/Frost Bankers from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada boosted their price target on shares of Cullen/Frost Bankers from $168.00 to $176.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $161.75.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Carol Severyn sold 837 shares of the stock in a transaction 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 sale, the executive vice president directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.14% of the company’s stock.

Cullen/Frost Bankers Company 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.