King Luther Capital Management Corp Has $180.68 Million Holdings in Cullen/Frost Bankers, Inc. $CFR

King Luther Capital Management Corp lessened its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,405,605 shares of the bank’s stock after selling 38,871 shares during the quarter. King Luther Capital Management Corp owned about 2.19% of Cullen/Frost Bankers worth $180,676,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. boosted its position in Cullen/Frost Bankers by 8,800.0% during the second quarter. Hantz Financial Services Inc. now owns 267 shares of the bank’s stock worth $34,000 after purchasing an additional 264 shares during the period. eCIO Inc. acquired a new stake in shares of Cullen/Frost Bankers in the first quarter worth $36,000. Geneos Wealth Management Inc. lifted its stake in shares of Cullen/Frost Bankers by 40.8% in the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock worth $46,000 after buying an additional 106 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Cullen/Frost Bankers during the 1st quarter worth $57,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in Cullen/Frost Bankers in the 1st quarter valued at $58,000. 86.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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 $140.00 to $144.00 and gave the stock a “sector perform” rating in a research report on Friday, October 10th. Evercore ISI lifted their price target on Cullen/Frost Bankers from $135.00 to $137.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Morgan Stanley upped their price target on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “underweight” rating in a report on Monday, September 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, October 8th. Finally, Citigroup boosted their target price on shares of Cullen/Frost Bankers from $112.00 to $114.00 and gave the stock a “sell” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $136.75.

Cullen/Frost Bankers Price Performance

Cullen/Frost Bankers stock opened at $125.64 on Friday. Cullen/Frost Bankers, Inc. has a one year low of $100.31 and a one year high of $147.64. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.64 and a quick ratio of 0.64. The business has a 50 day simple moving average of $125.98 and a 200 day simple moving average of $127.48. The company has a market capitalization of $8.03 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 2.94 and a beta of 0.74.

Cullen/Frost Bankers (NYSE:CFR) last announced its earnings results on Thursday, October 30th. The bank reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.29. The business had revenue of $589.31 million during the quarter, compared to analysts’ expectations of $565.54 million. Cullen/Frost Bankers had a net margin of 21.20% and a return on equity of 15.46%. During the same quarter last year, the company posted $2.24 EPS. On average, sell-side analysts forecast that Cullen/Frost Bankers, Inc. will post 8.85 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, November 28th. This represents a $4.00 annualized dividend and a yield of 3.2%. Cullen/Frost Bankers’s dividend payout ratio is 41.15%.

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.