Cullen/Frost Bankers, Inc. $CFR Shares Acquired by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp grew its stake in Cullen/Frost by 915% in Q3, adding 38,796 shares to hold 43,036 shares worth about $5.46M; institutional investors now own roughly 86.9% of the company.
• Cullen/Frost beat expectations with Q earnings of $2.56 per share vs. $2.47 consensus and revenue of $1.05B vs. $578.05M expected, reporting a 15.49% return on equity and a 22.21% net margin.
• The bank pays a quarterly dividend of $1.00 (annualized $4.00, ~2.8% yield); analysts are mixed with an average "Hold" rating and a $142.25 price target, and insiders own 2.89% after an EVP sold 1,000 shares.

Tudor Investment Corp ET AL grew its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 915.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,036 shares of the bank's stock after buying an additional 38,796 shares during the quarter. Tudor Investment Corp ET AL owned 0.07% of Cullen/Frost Bankers worth $5,456,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Cullen/Frost Bankers by 6.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,187,406 shares of the bank's stock valued at $150,529,000 after buying an additional 77,028 shares during the period. Bank of America Corp DE lifted its holdings in shares of Cullen/Frost Bankers by 8.5% in the 3rd quarter. Bank of America Corp DE now owns 1,129,673 shares of the bank's stock valued at $143,209,000 after buying an additional 88,080 shares during the period. Northern Trust Corp lifted its holdings in shares of Cullen/Frost Bankers by 2.3% in the 3rd quarter. Northern Trust Corp now owns 965,821 shares of the bank's stock valued at $122,437,000 after buying an additional 21,793 shares during the period. Impax Asset Management Group plc lifted its holdings in shares of Cullen/Frost Bankers by 11.9% in the 3rd quarter. Impax Asset Management Group plc now owns 920,833 shares of the bank's stock valued at $116,734,000 after buying an additional 97,955 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Cullen/Frost Bankers by 3.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 831,752 shares of the bank's stock valued at $105,441,000 after buying an additional 25,000 shares during the period. Institutional investors and hedge funds own 86.90% of the company's stock.

Insiders Place Their Bets

In related news, EVP Bobby Berman sold 1,000 shares of the company's stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $137.07, for a total value of $137,070.00. Following the completion of the transaction, the executive vice president owned 28,406 shares of the company's stock, valued at approximately $3,893,610.42. This represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.89% of the company's stock.

Cullen/Frost Bankers Stock Performance

NYSE CFR opened at $143.19 on Thursday. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 5.08 and a beta of 0.61. Cullen/Frost Bankers, Inc. has a twelve month low of $101.76 and a twelve month high of $148.97. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average of $139.02 and a 200 day moving average of $131.76.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The bank reported $2.56 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.09. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $578.05 million. Cullen/Frost Bankers had a return on equity of 15.49% and a net margin of 22.21%.During the same quarter in the prior year, the firm posted $2.36 EPS. Sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.00 dividend on an annualized basis and a yield of 2.8%. Cullen/Frost Bankers's dividend payout ratio is presently 40.32%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CFR. Cantor Fitzgerald boosted their price objective on Cullen/Frost Bankers from $141.00 to $152.00 and gave the company a "neutral" rating in a report on Tuesday, March 3rd. DA Davidson boosted their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the company a "neutral" rating in a report on Friday, January 30th. Loop Capital set a $160.00 price objective on Cullen/Frost Bankers in a report on Monday, February 2nd. Citigroup boosted their price objective on Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a "sell" rating in a report on Monday, February 2nd. Finally, Royal Bank Of Canada upped their price target on Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a "sector perform" rating in a report on Friday, January 30th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $142.25.

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.

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