Creative Planning Has $893,000 Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Creative Planning lessened its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 5.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,986 shares of the bank’s stock after selling 463 shares during the quarter. Creative Planning’s holdings in Cullen/Frost Bankers were worth $893,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CFR. Whittier Trust Co. boosted its holdings in Cullen/Frost Bankers by 90.7% during the first quarter. Whittier Trust Co. now owns 391 shares of the bank’s stock worth $44,000 after purchasing an additional 186 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in Cullen/Frost Bankers during the second quarter worth $54,000. Eagle Bay Advisors LLC boosted its holdings in Cullen/Frost Bankers by 1,625.6% during the second quarter. Eagle Bay Advisors LLC now owns 742 shares of the bank’s stock worth $75,000 after purchasing an additional 699 shares during the last quarter. Chilton Capital Management LLC boosted its holdings in Cullen/Frost Bankers by 227.9% during the second quarter. Chilton Capital Management LLC now owns 751 shares of the bank’s stock worth $76,000 after purchasing an additional 522 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Cullen/Frost Bankers by 18.5% during the third quarter. GAMMA Investing LLC now owns 678 shares of the bank’s stock worth $76,000 after purchasing an additional 106 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on CFR shares. DA Davidson increased their price target on shares of Cullen/Frost Bankers from $127.00 to $134.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Morgan Stanley cut their price target on shares of Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating for the company in a research note on Monday, September 30th. Royal Bank of Canada increased their price target on shares of Cullen/Frost Bankers from $118.00 to $130.00 and gave the company a “sector perform” rating in a research note on Friday. Maxim Group increased their price target on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a research note on Friday. Finally, Stephens increased their price target on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the company an “equal weight” rating in a research note on Friday. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $123.31.

Cullen/Frost Bankers Price Performance

NYSE:CFR opened at $125.97 on Friday. Cullen/Frost Bankers, Inc. has a 52 week low of $90.94 and a 52 week high of $135.00. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 1.60 and a beta of 1.00. The firm’s 50-day simple moving average is $115.33 and its 200 day simple moving average is $108.87. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.64 and a current ratio of 0.64.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.08. Cullen/Frost Bankers had a net margin of 19.51% and a return on equity of 17.43%. The business had revenue of $518.04 million for the quarter, compared to analyst estimates of $517.25 million. During the same period last year, the firm earned $2.38 earnings per share. Cullen/Frost Bankers’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that Cullen/Frost Bankers, Inc. will post 8.57 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 Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Friday, November 29th. Cullen/Frost Bankers’s dividend payout ratio is 46.34%.

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.