Pathway Financial Advisers LLC Has $2.51 Million Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Pathway Financial Advisers LLC boosted its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 11,169.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,426 shares of the bank’s stock after acquiring an additional 22,227 shares during the period. Pathway Financial Advisers LLC’s holdings in Cullen/Frost Bankers were worth $2,509,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Asset Dedication LLC lifted its stake in shares of Cullen/Frost Bankers by 63.3% during the 3rd quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock worth $30,000 after buying an additional 105 shares during the last quarter. Whittier Trust Co. lifted its position 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 acquiring an additional 186 shares during the last quarter. Allworth Financial LP grew its position in shares of Cullen/Frost Bankers by 116.6% in the third quarter. Allworth Financial LP now owns 444 shares of the bank’s stock valued at $50,000 after purchasing an additional 239 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of Cullen/Frost Bankers during the second quarter worth approximately $54,000. Finally, North Star Investment Management Corp. bought a new position in shares of Cullen/Frost Bankers during the first quarter worth approximately $69,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Evercore ISI decreased their price objective on Cullen/Frost Bankers from $123.00 to $115.00 and set an “underperform” rating on the stock in a report on Wednesday, October 2nd. DA Davidson raised their price target on shares of Cullen/Frost Bankers from $127.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Morgan Stanley cut their price objective on shares of Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating for the company in a report on Monday, September 30th. Royal Bank of Canada raised their target price on shares of Cullen/Frost Bankers from $119.00 to $120.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Finally, Citigroup cut their price target on Cullen/Frost Bankers from $107.00 to $104.00 and set a “sell” rating for the company in a research note on Monday, September 30th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Cullen/Frost Bankers has an average rating of “Hold” and an average target price of $121.31.

Insider Activity

In other Cullen/Frost Bankers news, EVP Howard L. Kasanoff sold 3,000 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $119.20, for a total value of $357,600.00. Following the completion of the transaction, the executive vice president now directly owns 1,598 shares in the company, valued at approximately $190,481.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.89% of the stock is owned by corporate insiders.

Cullen/Frost Bankers Price Performance

Shares of CFR stock traded down $0.07 on Friday, reaching $127.42. The company had a trading volume of 593,879 shares, compared to its average volume of 444,079. The business’s 50-day moving average is $113.65 and its 200 day moving average is $108.31. Cullen/Frost Bankers, Inc. has a one year low of $84.86 and a one year high of $128.90. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $8.19 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.51 and a beta of 1.00.

Cullen/Frost Bankers (NYSE:CFR) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $2.21 EPS for the quarter, beating the consensus estimate of $2.07 by $0.14. The business had revenue of $528.81 million during the quarter, compared to the consensus estimate of $506.83 million. Cullen/Frost Bankers had a net margin of 19.51% and a return on equity of 17.43%. During the same quarter in the prior year, the firm earned $2.47 EPS. Equities research analysts forecast that Cullen/Frost Bankers, Inc. will post 8.59 EPS for the current fiscal year.

About Cullen/Frost Bankers

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.