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

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in CFR. Asset Dedication LLC raised its holdings in shares of Cullen/Frost Bankers by 63.3% in the third quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock valued at $30,000 after purchasing an additional 105 shares during the last quarter. Whittier Trust Co. increased 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 buying an additional 186 shares during the last quarter. Allworth Financial LP increased its holdings in Cullen/Frost Bankers by 116.6% during the third quarter. Allworth Financial LP now owns 444 shares of the bank’s stock worth $50,000 after buying an additional 239 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. Finally, North Star Investment Management Corp. acquired a new position in Cullen/Frost Bankers during the first quarter worth $69,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CFR has been the topic of a number of recent analyst reports. Citigroup lowered their target price on shares of Cullen/Frost Bankers from $107.00 to $104.00 and set a “sell” rating on the stock in a report on Monday, September 30th. Morgan Stanley lowered their target price on shares of Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating on the stock in a report on Monday, September 30th. Royal Bank of Canada boosted 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. Wedbush reduced their price objective on shares of Cullen/Frost Bankers from $124.00 to $123.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Finally, Stephens lifted their price objective on shares of Cullen/Frost Bankers from $116.00 to $131.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cullen/Frost Bankers has a consensus rating of “Hold” and an average target price of $121.31.

Cullen/Frost Bankers Trading Down 2.0 %

Shares of Cullen/Frost Bankers stock opened at $129.76 on Wednesday. The firm has a 50-day moving average of $114.08 and a 200-day moving average of $108.43. The stock has a market cap of $8.34 billion, a PE ratio of 15.34, a PEG ratio of 1.56 and a beta of 1.00. Cullen/Frost Bankers, Inc. has a 52-week low of $88.86 and a 52-week high of $133.03. 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 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.