Quadrature Capital Ltd Purchases 3,168 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Quadrature Capital Ltd increased its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 32.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,855 shares of the bank’s stock after purchasing an additional 3,168 shares during the quarter. Quadrature Capital Ltd’s holdings in Cullen/Frost Bankers were worth $1,395,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Cullen/Frost Bankers by 20.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 787,599 shares of the bank’s stock worth $85,451,000 after acquiring an additional 131,726 shares during the period. Anchor Investment Management LLC acquired a new position in Cullen/Frost Bankers in the fourth quarter worth about $1,069,000. Westwood Holdings Group Inc. lifted its stake in Cullen/Frost Bankers by 4.5% during the fourth quarter. Westwood Holdings Group Inc. now owns 371,879 shares of the bank’s stock worth $40,345,000 after purchasing an additional 15,981 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Cullen/Frost Bankers by 44.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 798,403 shares of the bank’s stock valued at $86,619,000 after purchasing an additional 244,197 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Cullen/Frost Bankers in the 3rd quarter valued at approximately $1,302,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

CFR stock opened at $98.09 on Wednesday. Cullen/Frost Bankers, Inc. has a twelve month low of $82.25 and a twelve month high of $120.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. The company has a market cap of $6.30 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 1.21 and a beta of 1.02. The business’s fifty day moving average is $104.61 and its 200-day moving average is $106.19.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, April 25th. The bank reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.02. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. The business had revenue of $522.74 million during the quarter, compared to the consensus estimate of $510.09 million. During the same quarter in the prior year, the company posted $2.70 earnings per share. Equities research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.43 EPS for the current year.

Cullen/Frost Bankers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Thursday, May 30th. Cullen/Frost Bankers’s payout ratio is 43.50%.

Analyst Ratings Changes

CFR has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Cullen/Frost Bankers from $135.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Truist Financial lowered their target price on shares of Cullen/Frost Bankers from $121.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, April 29th. StockNews.com upgraded shares of Cullen/Frost Bankers to a “sell” rating in a research report on Saturday, May 4th. Wedbush reaffirmed a “neutral” rating and set a $115.00 price objective on shares of Cullen/Frost Bankers in a research note on Friday, April 26th. Finally, DA Davidson reaffirmed a “buy” rating and set a $126.00 price objective on shares of Cullen/Frost Bankers in a report on Thursday, March 28th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus price target of $117.46.

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.