Russell Investments Group Ltd. Buys 3,419 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Russell Investments Group Ltd. grew its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,239 shares of the bank’s stock after purchasing an additional 3,419 shares during the period. Russell Investments Group Ltd. owned approximately 0.16% of Cullen/Frost Bankers worth $11,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Qube Research & Technologies Ltd bought a new stake in Cullen/Frost Bankers during the 3rd quarter worth approximately $8,992,000. FMR LLC grew its position in Cullen/Frost Bankers by 6.3% during the 3rd quarter. FMR LLC now owns 1,476,411 shares of the bank’s stock worth $134,663,000 after acquiring an additional 88,042 shares during the last quarter. WealthPlan Investment Management LLC grew its position in Cullen/Frost Bankers by 4,303.0% during the 3rd quarter. WealthPlan Investment Management LLC now owns 77,053 shares of the bank’s stock worth $7,028,000 after acquiring an additional 75,303 shares during the last quarter. Montrusco Bolton Investments Inc. grew its position in Cullen/Frost Bankers by 12.6% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 647,965 shares of the bank’s stock worth $59,101,000 after acquiring an additional 72,458 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Cullen/Frost Bankers by 41.0% during the 3rd quarter. Barclays PLC now owns 150,976 shares of the bank’s stock worth $13,769,000 after buying an additional 43,910 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Stock Down 0.5 %

NYSE:CFR opened at $105.93 on Monday. Cullen/Frost Bankers, Inc. has a 12-month low of $82.25 and a 12-month high of $120.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $6.81 billion, a P/E ratio of 12.52, a P/E/G ratio of 1.32 and a beta of 1.04. The stock’s fifty day simple moving average is $108.94 and its 200-day simple moving average is $104.46.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, April 25th. The bank reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.02. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. During the same quarter last year, the firm earned $2.70 EPS. Equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.43 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.92 per share. The ex-dividend date is Friday, May 31st. This represents a $3.68 annualized dividend and a yield of 3.47%. Cullen/Frost Bankers’s dividend payout ratio is presently 43.50%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley increased their price objective on Cullen/Frost Bankers from $109.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Jefferies Financial Group increased their price objective on Cullen/Frost Bankers from $119.00 to $121.00 and gave the company a “hold” rating in a research report on Monday, April 8th. Truist Financial decreased their price objective on Cullen/Frost Bankers from $121.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Compass Point lowered Cullen/Frost Bankers from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, Wedbush reiterated a “neutral” rating and issued a $115.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $117.46.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, insider Paul Bracher sold 9,820 shares of Cullen/Frost Bankers stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $109.40, for a total transaction of $1,074,308.00. Following the transaction, the insider now directly owns 96,380 shares in the company, valued at $10,543,972. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Cullen/Frost Bankers news, EVP Bobby Berman sold 1,312 shares of Cullen/Frost Bankers stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $105.49, for a total value of $138,402.88. Following the sale, the executive vice president now owns 27,815 shares of the company’s stock, valued at approximately $2,934,204.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Bracher sold 9,820 shares of Cullen/Frost Bankers stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $109.40, for a total value of $1,074,308.00. Following the completion of the sale, the insider now directly owns 96,380 shares in the company, valued at approximately $10,543,972. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

About Cullen/Frost Bankers

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.