Vaughan Nelson Investment Management L.P. Has $93.63 Million Holdings in Cullen/Frost Bankers, Inc. $CFR

Key Points

• Vaughan Nelson reduced its stake in Cullen/Frost Bankers by 11.1% in Q4, selling 92,350 shares and holding 739,402 shares worth $93.63 million, representing 1.16% ownership and 0.9% of its portfolio.
• A number of other institutional investors increased or initiated positions—Norges Bank bought a new ~$90.48M stake, Two Sigma grew holdings by 2,024.4%, and institutional ownership is about 86.9%.
• Cullen/Frost beat Q4 estimates with $2.56 EPS (vs. $2.47 est.) and $1.05B revenue, pays a quarterly dividend of $1.00 (annual yield ~3.0%), and carries a MarketBeat consensus rating of Hold with a $142.67 price target.

Vaughan Nelson Investment Management L.P. cut its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 11.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 739,402 shares of the bank's stock after selling 92,350 shares during the period. Cullen/Frost Bankers makes up 0.9% of Vaughan Nelson Investment Management L.P.'s investment portfolio, making the stock its 28th biggest holding. Vaughan Nelson Investment Management L.P. owned 1.16% of Cullen/Frost Bankers worth $93,630,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CFR. Norges Bank bought a new stake in shares of Cullen/Frost Bankers during the 2nd quarter worth about $90,484,000. Two Sigma Investments LP grew its holdings in Cullen/Frost Bankers by 2,024.4% during the third quarter. Two Sigma Investments LP now owns 373,977 shares of the bank's stock valued at $47,409,000 after purchasing an additional 356,373 shares during the last quarter. Fiera Capital Corp bought a new position in shares of Cullen/Frost Bankers in the third quarter valued at approximately $29,769,000. Millennium Management LLC acquired a new stake in shares of Cullen/Frost Bankers in the third quarter worth $29,687,000. Finally, UBS Group AG lifted its stake in shares of Cullen/Frost Bankers by 197.5% in the third quarter. UBS Group AG now owns 349,601 shares of the bank's stock worth $44,319,000 after buying an additional 232,077 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on CFR shares. Royal Bank Of Canada boosted their target price on shares of Cullen/Frost Bankers from $144.00 to $150.00 and gave the stock a "sector perform" rating in a research report on Friday, January 30th. DA Davidson boosted their price objective on Cullen/Frost Bankers from $136.00 to $144.00 and gave the stock a "neutral" rating in a research report on Friday, January 30th. Citigroup raised their target price on Cullen/Frost Bankers from $114.00 to $125.00 and gave the company a "sell" rating in a report on Monday, February 2nd. Keefe, Bruyette & Woods lifted their price target on Cullen/Frost Bankers from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, January 30th. Finally, Cantor Fitzgerald increased their price objective on Cullen/Frost Bankers from $141.00 to $152.00 and gave the company a "neutral" rating in a research report on Tuesday, March 3rd. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $142.67.

Cullen/Frost Bankers Stock Up 1.3%

CFR opened at $135.50 on Tuesday. The firm's fifty day moving average price is $138.85 and its two-hundred day moving average price is $131.18. The company has a market capitalization of $8.53 billion, a P/E ratio of 13.66, a P/E/G ratio of 4.91 and a beta of 0.63. Cullen/Frost Bankers, Inc. has a fifty-two week low of $100.31 and a fifty-two week high of $148.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.67 and a quick ratio of 0.67.

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

Cullen/Frost Bankers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.0%. Cullen/Frost Bankers's dividend payout ratio (DPR) is presently 40.32%.

Insider Activity at Cullen/Frost Bankers

In related news, EVP Bobby Berman sold 1,000 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $137.07, for a total transaction of $137,070.00. Following the completion of the sale, the executive vice president owned 28,406 shares in the company, valued at $3,893,610.42. This trade represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.14% of the company's stock.

Cullen/Frost Bankers Profile

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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