GAMMA Investing LLC Has $110,000 Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

GAMMA Investing LLC grew its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 21.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 822 shares of the bank’s stock after acquiring an additional 144 shares during the quarter. GAMMA Investing LLC’s holdings in Cullen/Frost Bankers were worth $110,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CFR. Choreo LLC acquired a new position in Cullen/Frost Bankers during the second quarter worth about $212,000. American Century Companies Inc. raised its stake in Cullen/Frost Bankers by 11.9% during the second quarter. American Century Companies Inc. now owns 68,296 shares of the bank’s stock worth $6,941,000 after acquiring an additional 7,236 shares in the last quarter. Qsemble Capital Management LP raised its stake in Cullen/Frost Bankers by 55.0% during the second quarter. Qsemble Capital Management LP now owns 3,141 shares of the bank’s stock worth $319,000 after acquiring an additional 1,115 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Cullen/Frost Bankers during the second quarter worth about $2,780,000. Finally, Dimensional Fund Advisors LP raised its stake in Cullen/Frost Bankers by 14.4% during the second quarter. Dimensional Fund Advisors LP now owns 953,098 shares of the bank’s stock worth $96,856,000 after acquiring an additional 120,333 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock opened at $132.88 on Friday. The business’s 50 day simple moving average is $137.08 and its 200 day simple moving average is $120.37. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64. The stock has a market capitalization of $8.52 billion, a PE ratio of 16.49, a PEG ratio of 1.66 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings results on Thursday, October 31st. The bank reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. The firm had revenue of $518.04 million for the quarter, compared to analysts’ expectations of $517.25 million. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.38 EPS. As a group, research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.75 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Friday, November 29th. Cullen/Frost Bankers’s payout ratio is 47.15%.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, CEO Phillip D. Green sold 14,358 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $137.96, for a total transaction of $1,980,829.68. Following the transaction, the chief executive officer now directly owns 94,423 shares in the company, valued at approximately $13,026,597.08. This represents a 13.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Howard L. Kasanoff sold 4,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $138.34, for a total value of $553,360.00. Following the transaction, the executive vice president now owns 2,888 shares in the company, valued at $399,525.92. The trade was a 58.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,864 shares of company stock worth $2,977,033. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on CFR shares. Maxim Group boosted their target price on Cullen/Frost Bankers from $138.00 to $149.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada boosted their price target on Cullen/Frost Bankers from $118.00 to $130.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Truist Financial reduced their price target on Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, September 20th. Compass Point boosted their price target on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Stephens boosted their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $127.07.

Cullen/Frost Bankers 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.