UBS Asset Management Americas Inc. Buys 8,295 Shares of Cullen/Frost Bankers, Inc. (CFR)

UBS Asset Management Americas Inc. raised its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 24.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 42,406 shares of the bank’s stock after purchasing an additional 8,295 shares during the period. UBS Asset Management Americas Inc. owned 0.07% of Cullen/Frost Bankers worth $3,982,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Alps Advisors Inc. grew its holdings in Cullen/Frost Bankers by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,259 shares of the bank’s stock valued at $494,000 after purchasing an additional 14 shares during the period. Somerset Trust Co grew its holdings in Cullen/Frost Bankers by 0.4% during the second quarter. Somerset Trust Co now owns 6,938 shares of the bank’s stock valued at $651,000 after purchasing an additional 29 shares during the period. Mosaic Family Wealth LLC grew its holdings in Cullen/Frost Bankers by 4.9% during the second quarter. Mosaic Family Wealth LLC now owns 1,718 shares of the bank’s stock valued at $161,000 after purchasing an additional 80 shares during the period. Synovus Financial Corp grew its holdings in Cullen/Frost Bankers by 2.6% during the second quarter. Synovus Financial Corp now owns 3,254 shares of the bank’s stock valued at $306,000 after purchasing an additional 84 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its holdings in Cullen/Frost Bankers by 6.4% during the second quarter. Public Employees Retirement Association of Colorado now owns 1,791 shares of the bank’s stock valued at $168,000 after purchasing an additional 107 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

CFR has been the subject of several recent research reports. BidaskClub lowered Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Zacks Investment Research lowered Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Cullen/Frost Bankers in a report on Tuesday, July 4th. Morgan Stanley reissued an “equal weight” rating and set a $93.00 price target (up previously from $90.00) on shares of Cullen/Frost Bankers in a report on Thursday, July 6th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $95.00 price target on shares of Cullen/Frost Bankers in a report on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $95.13.

Cullen/Frost Bankers, Inc. (NYSE CFR) opened at 96.75 on Wednesday. Cullen/Frost Bankers, Inc. has a 1-year low of $69.86 and a 1-year high of $99.20. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 19.06 and a beta of 1.35. The stock has a 50 day moving average price of $89.32 and a 200-day moving average price of $91.36.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, July 27th. The bank reported $1.29 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.29. Cullen/Frost Bankers had a return on equity of 11.23% and a net margin of 28.49%. The firm had revenue of $295.87 million during the quarter, compared to analyst estimates of $316.40 million. During the same quarter in the previous year, the business earned $1.11 EPS. On average, equities research analysts forecast that Cullen/Frost Bankers, Inc. will post $5.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.28 annualized dividend and a dividend yield of 2.36%. Cullen/Frost Bankers’s dividend payo

A number of other large investors also recently added to or reduced their stakes in the business. Alps Advisors Inc. grew its holdings in Cullen/Frost Bankers by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,259 shares of the bank’s stock valued at $494,000 after purchasing an additional 14 shares during the period. Somerset Trust Co grew its holdings in Cullen/Frost Bankers by 0.4% during the second quarter. Somerset Trust Co now owns 6,938 shares of the bank’s stock valued at $651,000 after purchasing an additional 29 shares during the period. Mosaic Family Wealth LLC grew its holdings in Cullen/Frost Bankers by 4.9% during the second quarter. Mosaic Family Wealth LLC now owns 1,718 shares of the bank’s stock valued at $161,000 after purchasing an additional 80 shares during the period. Synovus Financial Corp grew its holdings in Cullen/Frost Bankers by 2.6% during the second quarter. Synovus Financial Corp now owns 3,254 shares of the bank’s stock valued at $306,000 after purchasing an additional 84 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its holdings in Cullen/Frost Bankers by 6.4% during the second quarter. Public Employees Retirement Association of Colorado now owns 1,791 shares of the bank’s stock valued at $168,000 after purchasing an additional 107 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

CFR has been the subject of several recent research reports. BidaskClub lowered Cullen/Frost Bankers from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Zacks Investment Research lowered Cullen/Frost Bankers from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Cullen/Frost Bankers in a report on Tuesday, July 4th. Morgan Stanley reissued an “equal weight” rating and set a $93.00 price target (up previously from $90.00) on shares of Cullen/Frost Bankers in a report on Thursday, July 6th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $95.00 price target on shares of Cullen/Frost Bankers in a report on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $95.13.

Cullen/Frost Bankers, Inc. (NYSE CFR) opened at 96.75 on Wednesday. Cullen/Frost Bankers, Inc. has a 1-year low of $69.86 and a 1-year high of $99.20. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 19.06 and a beta of 1.35. The stock has a 50 day moving average price of $89.32 and a 200-day moving average price of $91.36.

Cullen/Frost Bankers (NYSE:CFR) last announced its quarterly earnings results on Thursday, July 27th. The bank reported $1.29 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.29. Cullen/Frost Bankers had a return on equity of 11.23% and a net margin of 28.49%. The firm had revenue of $295.87 million during the quarter, compared to analyst estimates of $316.40 million. During the same quarter in the previous year, the business earned $1.11 EPS. On average, equities research analysts forecast that Cullen/Frost Bankers, Inc. will post $5.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.28 annualized dividend and a dividend yield of 2.36%. Cullen/Frost Bankers’s dividend payout ratio is presently 44.79%.

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Cullen/Frost Bankers Profile

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.

Institutional Ownership by Quarter for Cullen/Frost Bankers (NYSE:CFR)

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