Jump Financial LLC Has $1.13 Million Stock Holdings in Cullen/Frost Bankers, Inc. $CFR

Key Points

• Jump Financial LLC reduced its holdings in Cullen/Frost Bankers by 42.3%, owning 8,988 shares worth approximately $1.13 million after selling 6,576 shares.
• Several institutional investors have adjusted their positions in Cullen/Frost, with 86.90% of the company's stock now owned by institutional investors and hedge funds.
• Cullen/Frost Bankers recently declared a quarterly dividend of $1.00, reflecting an annualized dividend yield of 3.1% and a payout ratio of 43.06%.

Jump Financial LLC lessened its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 42.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 8,988 shares of the bank's stock after selling 6,576 shares during the period. Jump Financial LLC's holdings in Cullen/Frost Bankers were worth $1,125,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CFR. Alpine Bank Wealth Management acquired a new stake in shares of Cullen/Frost Bankers during the 1st quarter valued at $30,000. UMB Bank n.a. lifted its position in shares of Cullen/Frost Bankers by 59.6% during the 1st quarter. UMB Bank n.a. now owns 391 shares of the bank's stock valued at $49,000 after acquiring an additional 146 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Cullen/Frost Bankers during the 1st quarter valued at $57,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Cullen/Frost Bankers during the 1st quarter valued at $58,000. Finally, Parallel Advisors LLC raised its stake in Cullen/Frost Bankers by 33.8% during the 1st quarter. Parallel Advisors LLC now owns 522 shares of the bank's stock valued at $65,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 86.90% of the company's stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR traded down $1.38 during trading hours on Wednesday, reaching $128.15. 156,091 shares of the company traded hands, compared to its average volume of 441,814. The stock's fifty day moving average is $130.96 and its 200 day moving average is $126.60. The stock has a market cap of $8.24 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 2.71 and a beta of 0.74. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.64. Cullen/Frost Bankers, Inc. has a 1-year low of $100.31 and a 1-year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The bank reported $2.39 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.11. The business had revenue of $567.83 million during the quarter, compared to analyst estimates of $552.04 million. Cullen/Frost Bankers had a net margin of 21.20% and a return on equity of 15.46%. During the same quarter in the prior year, the business earned $2.21 earnings per share. Equities research analysts anticipate that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current fiscal year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, August 29th. Cullen/Frost Bankers's dividend payout ratio is 43.06%.

Analysts Set New Price Targets

Several brokerages have issued reports on CFR. Jefferies Financial Group began coverage on shares of Cullen/Frost Bankers in a research note on Wednesday, May 21st. They set an "underperform" rating and a $105.00 target price on the stock. Raymond James Financial decreased their price target on shares of Cullen/Frost Bankers from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Monday, August 4th. Finally, Barclays decreased their price target on shares of 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. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $133.71.

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.