Atria Investments Inc Reduces Stake in Cullen/Frost Bankers, Inc. $CFR

Atria Investments Inc lowered its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 25.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,596 shares of the bank’s stock after selling 4,058 shares during the period. Atria Investments Inc’s holdings in Cullen/Frost Bankers were worth $1,491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Cullen/Frost Bankers by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,057,294 shares of the bank’s stock valued at $132,365,000 after buying an additional 30,709 shares during the last quarter. Northern Trust Corp boosted its position in Cullen/Frost Bankers by 8.0% in the first quarter. Northern Trust Corp now owns 1,051,168 shares of the bank’s stock valued at $131,606,000 after buying an additional 77,592 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Cullen/Frost Bankers by 13.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 806,752 shares of the bank’s stock valued at $103,700,000 after buying an additional 95,225 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Cullen/Frost Bankers by 8.8% in the first quarter. The Manufacturers Life Insurance Company now owns 647,996 shares of the bank’s stock valued at $81,129,000 after buying an additional 52,313 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Cullen/Frost Bankers by 4.0% in the first quarter. Bank of New York Mellon Corp now owns 635,899 shares of the bank’s stock valued at $79,615,000 after buying an additional 24,177 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Trading Up 0.6%

Shares of NYSE:CFR opened at $124.03 on Thursday. Cullen/Frost Bankers, Inc. has a 1 year low of $100.31 and a 1 year high of $147.64. The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 2.94 and a beta of 0.74. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64. The business’s 50 day moving average price is $126.19 and its 200-day moving average price is $127.30.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, October 30th. The bank reported $2.67 EPS for the quarter, beating the consensus estimate of $2.38 by $0.29. Cullen/Frost Bankers had a return on equity of 15.46% and a net margin of 21.20%.The firm had revenue of $589.31 million during the quarter, compared to the consensus estimate of $565.54 million. During the same period in the prior year, the company earned $2.24 EPS. On average, equities research analysts forecast 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 Monday, December 15th. Investors of record on Friday, November 28th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, November 28th. Cullen/Frost Bankers’s dividend payout ratio is currently 41.15%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Citigroup upped their target price on Cullen/Frost Bankers from $112.00 to $114.00 and gave the company a “sell” rating in a research report on Friday, October 31st. Morgan Stanley upped their target price on Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “underweight” rating in a research report on Monday, September 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cullen/Frost Bankers in a report on Wednesday, October 8th. Barclays decreased their price target on Cullen/Frost Bankers from $155.00 to $145.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Finally, Cantor Fitzgerald started coverage on Cullen/Frost Bankers in a report on Wednesday, September 10th. They issued a “neutral” rating and a $138.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Cullen/Frost Bankers has a consensus rating of “Hold” and an average target price of $136.75.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.