Advisory Services Network LLC raised its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 12,989.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,105 shares of the bank’s stock after purchasing an additional 5,066 shares during the quarter. Advisory Services Network LLC’s holdings in Cullen/Frost Bankers were worth $483,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Sei Investments Co. boosted its holdings in Cullen/Frost Bankers by 0.6% in the 4th quarter. Sei Investments Co. now owns 89,313 shares of the bank’s stock valued at $8,454,000 after purchasing an additional 522 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Cullen/Frost Bankers by 50.6% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,580 shares of the bank’s stock valued at $150,000 after purchasing an additional 531 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Cullen/Frost Bankers by 3.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 20,077 shares of the bank’s stock valued at $1,906,000 after purchasing an additional 619 shares during the last quarter. Cardinal Capital Management boosted its holdings in Cullen/Frost Bankers by 10.8% in the 3rd quarter. Cardinal Capital Management now owns 7,305 shares of the bank’s stock valued at $693,000 after purchasing an additional 713 shares during the last quarter. Finally, Callahan Advisors LLC boosted its holdings in Cullen/Frost Bankers by 2.6% in the 4th quarter. Callahan Advisors LLC now owns 30,749 shares of the bank’s stock valued at $2,910,000 after purchasing an additional 772 shares during the last quarter. Institutional investors own 79.06% of the company’s stock.
In related news, Director R Denny Alexander sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $107.50, for a total transaction of $322,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP William L. Perotti sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $105.57, for a total transaction of $1,372,410.00. Following the sale, the executive vice president now directly owns 92,382 shares in the company, valued at $9,752,767.74. The disclosure for this sale can be found here. Insiders sold a total of 63,500 shares of company stock worth $6,586,930 over the last three months. Insiders own 5.15% of the company’s stock.
Shares of Cullen/Frost Bankers, Inc. (CFR) opened at $105.96 on Wednesday. The stock has a market cap of $6,750.00, a P/E ratio of 19.34, a PEG ratio of 1.82 and a beta of 1.37. Cullen/Frost Bankers, Inc. has a 52 week low of $81.09 and a 52 week high of $109.36. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.07.
Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, January 25th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.08. The business had revenue of $358.69 million for the quarter, compared to the consensus estimate of $351.34 million. Cullen/Frost Bankers had a net margin of 29.62% and a return on equity of 11.78%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 6.3 earnings per share for the current fiscal year.
Cullen/Frost Bankers announced that its Board of Directors has authorized a stock repurchase program on Thursday, October 26th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the bank to purchase up to 2.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, February 27th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 41.61%.
TRADEMARK VIOLATION WARNING: This article was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2018/02/21/cullen-frost-bankers-inc-cfr-holdings-boosted-by-advisory-services-network-llc.html.
About Cullen/Frost Bankers
Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.
Want to see what other hedge funds are holding CFR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cullen/Frost Bankers, Inc. (NYSE:CFR).
Receive News & Ratings for Cullen/Frost Bankers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cullen/Frost Bankers and related companies with MarketBeat.com's FREE daily email newsletter.