XTX Topco Ltd Has $2.45 Million Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Key Points

• XTX Topco Ltd significantly increased its stake in Cullen/Frost Bankers, acquiring an additional 10,086 shares during the first quarter, raising its total holdings to 19,573 shares worth $2,451,000.
• Analysts have set varying price targets for Cullen/Frost Bankers, with Barclays increasing its target from $135.00 to $155.00, while Royal Bank of Canada lowered its target to $140.00.
• The company declared an increased quarterly dividend of $1.00 per share, up from $0.95, representing an annualized yield of 2.96%.

XTX Topco Ltd raised its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 106.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,573 shares of the bank's stock after acquiring an additional 10,086 shares during the period. XTX Topco Ltd's holdings in Cullen/Frost Bankers were worth $2,451,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Boston Trust Walden Corp raised its position in shares of Cullen/Frost Bankers by 5.7% during the first quarter. Boston Trust Walden Corp now owns 1,112,477 shares of the bank's stock valued at $139,282,000 after buying an additional 60,187 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Cullen/Frost Bankers by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,026,585 shares of the bank's stock valued at $137,823,000 after acquiring an additional 6,159 shares during the period. GAMMA Investing LLC increased its stake in Cullen/Frost Bankers by 122,282.2% in the first quarter. GAMMA Investing LLC now owns 1,005,982 shares of the bank's stock valued at $125,949,000 after acquiring an additional 1,005,160 shares during the period. Northern Trust Corp increased its stake in Cullen/Frost Bankers by 33.7% in the fourth quarter. Northern Trust Corp now owns 973,576 shares of the bank's stock valued at $130,703,000 after acquiring an additional 245,458 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Cullen/Frost Bankers by 1.1% in the fourth quarter. JPMorgan Chase & Co. now owns 834,015 shares of the bank's stock valued at $111,967,000 after acquiring an additional 9,050 shares during the period. 86.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CFR has been the topic of a number of analyst reports. Stephens upped their target price on shares of Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Raymond James Financial raised shares of Cullen/Frost Bankers from a "market perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a research note on Tuesday, July 8th. Royal Bank Of Canada lowered their target price on shares of Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Evercore ISI raised shares of Cullen/Frost Bankers from an "underperform" rating to an "in-line" rating and set a $132.00 target price on the stock in a research note on Friday, May 2nd. Finally, Jefferies Financial Group started coverage on shares of Cullen/Frost Bankers in a research report on Wednesday, May 21st. They issued an "underperform" rating and a $105.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $134.07.

Cullen/Frost Bankers Price Performance

Shares of NYSE CFR traded down $3.42 during trading on Friday, reaching $123.99. The company had a trading volume of 973,939 shares, compared to its average volume of 349,504. Cullen/Frost Bankers, Inc. has a 52 week low of $100.31 and a 52 week high of $147.64. The stock has a market cap of $7.97 billion, a PE ratio of 13.35, a PEG ratio of 2.70 and a beta of 0.70. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64. The business's 50 day moving average price is $130.84 and its 200-day moving average price is $128.80.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last announced its earnings results on Thursday, July 31st. The bank reported $2.39 earnings per share for the quarter, topping analysts' consensus estimates of $2.28 by $0.11. Cullen/Frost Bankers had a net margin of 26.82% and a return on equity of 15.61%. The company had revenue of $567.83 million during the quarter, compared to the consensus estimate of $552.04 million. During the same period in the previous year, the firm posted $2.21 earnings per share. Analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, August 29th. This represents a $4.00 annualized dividend and a dividend yield of 3.2%. Cullen/Frost Bankers's payout ratio is currently 43.91%.

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.