Oak Harvest Investment Services Has $4.15 Million Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Oak Harvest Investment Services grew its holdings in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 29.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,060 shares of the bank’s stock after acquiring an additional 8,359 shares during the quarter. Oak Harvest Investment Services owned 0.06% of Cullen/Frost Bankers worth $4,146,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC boosted its position in Cullen/Frost Bankers by 125.2% in the first quarter. Tidal Investments LLC now owns 11,888 shares of the bank’s stock valued at $1,338,000 after buying an additional 6,610 shares in the last quarter. Natixis bought a new stake in Cullen/Frost Bankers during the 1st quarter worth $957,000. Norden Group LLC acquired a new position in Cullen/Frost Bankers in the 1st quarter worth about $1,062,000. American Century Companies Inc. raised its position in Cullen/Frost Bankers by 11.9% in the second quarter. American Century Companies Inc. now owns 68,296 shares of the bank’s stock valued at $6,941,000 after purchasing an additional 7,236 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Cullen/Frost Bankers by 15.9% during the first quarter. Sei Investments Co. now owns 377,920 shares of the bank’s stock valued at $42,543,000 after purchasing an additional 51,808 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Cullen/Frost Bankers Price Performance

CFR stock opened at $130.62 on Thursday. The firm has a 50 day moving average of $114.52 and a 200-day moving average of $108.59. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $8.39 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.56 and a beta of 1.00. Cullen/Frost Bankers, Inc. has a 12 month low of $88.86 and a 12 month high of $133.03.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CFR shares. Wedbush dropped 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 report on Tuesday, September 24th. Truist Financial lowered their target price on shares of Cullen/Frost Bankers from $126.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Morgan Stanley decreased their price target on Cullen/Frost Bankers from $121.00 to $117.00 and set an “underweight” rating for the company in a report on Monday, September 30th. Citigroup reduced their price target on shares of Cullen/Frost Bankers from $107.00 to $104.00 and set a “sell” rating for the company in a research report on Monday, September 30th. Finally, Royal Bank of Canada lifted their price target on Cullen/Frost Bankers from $119.00 to $120.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $121.31.

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.