Natixis Makes New $957,000 Investment in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Natixis acquired a new position in Cullen/Frost Bankers, Inc. (NYSE:CFR) during the first quarter, according to its most recent filing with the SEC. The firm acquired 8,500 shares of the bank’s stock, valued at approximately $957,000.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Cullen/Frost Bankers by 20.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 787,599 shares of the bank’s stock valued at $85,451,000 after purchasing an additional 131,726 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in Cullen/Frost Bankers by 4.5% during the fourth quarter. Westwood Holdings Group Inc. now owns 371,879 shares of the bank’s stock valued at $40,345,000 after buying an additional 15,981 shares during the last quarter. Oak Harvest Investment Services purchased a new position in Cullen/Frost Bankers during the first quarter valued at $2,972,000. Goldman Sachs Group Inc. raised its stake in Cullen/Frost Bankers by 44.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 798,403 shares of the bank’s stock valued at $86,619,000 after buying an additional 244,197 shares during the last quarter. Finally, Morningstar Investment Management LLC purchased a new position in Cullen/Frost Bankers during the fourth quarter valued at $1,280,000. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Trading Up 2.5 %

CFR stock traded up $2.96 during midday trading on Friday, reaching $120.67. 29,652 shares of the company traded hands, compared to its average volume of 442,450. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.65 and a current ratio of 0.65. The business has a 50 day moving average of $102.16 and a 200-day moving average of $105.73. Cullen/Frost Bankers, Inc. has a 52-week low of $82.25 and a 52-week high of $123.17. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 1.42 and a beta of 1.03.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings data on Thursday, July 25th. The bank reported $2.21 EPS for the quarter, topping the consensus estimate of $2.05 by $0.16. Cullen/Frost Bankers had a return on equity of 18.31% and a net margin of 20.57%. During the same quarter in the prior year, the company posted $2.47 EPS. As a group, sell-side analysts expect that Cullen/Frost Bankers, Inc. will post 8.42 earnings per share for the current fiscal year.

Cullen/Frost Bankers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.15%. The ex-dividend date is Friday, August 30th. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $0.92. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 43.50%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CFR shares. Evercore ISI lowered their price objective on Cullen/Frost Bankers from $109.00 to $100.00 and set an “underperform” rating for the company in a research note on Tuesday, June 25th. JPMorgan Chase & Co. decreased their price target on Cullen/Frost Bankers from $140.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, June 27th. Maxim Group upped their price objective on Cullen/Frost Bankers from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Friday. Wedbush reiterated a “neutral” rating and set a $115.00 price objective on shares of Cullen/Frost Bankers in a research report on Friday, April 26th. Finally, Royal Bank of Canada upped their price objective on Cullen/Frost Bankers from $119.00 to $120.00 and gave the company a “sector perform” rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $115.57.

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.