Barclays PLC Has $48.81 Million Stake in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Barclays PLC lifted its position in Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 234.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 436,393 shares of the bank's stock after acquiring an additional 305,921 shares during the quarter. Barclays PLC owned 0.68% of Cullen/Frost Bankers worth $48,814,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Boston Trust Walden Corp acquired a new position in Cullen/Frost Bankers in the third quarter worth $107,166,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Cullen/Frost Bankers in the 3rd quarter worth about $54,012,000. Deprince Race & Zollo Inc. acquired a new position in shares of Cullen/Frost Bankers in the 2nd quarter valued at about $37,813,000. The Manufacturers Life Insurance Company grew its position in shares of Cullen/Frost Bankers by 117.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 568,730 shares of the bank's stock valued at $63,618,000 after buying an additional 307,129 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its stake in Cullen/Frost Bankers by 7,109.7% during the second quarter. Strategic Financial Concepts LLC now owns 250,896 shares of the bank's stock worth $255,000 after acquiring an additional 247,416 shares during the period. 86.90% of the stock is currently owned by institutional investors.

Cullen/Frost Bankers Price Performance

Shares of Cullen/Frost Bankers stock traded up $0.23 on Friday, hitting $137.79. The company had a trading volume of 280,228 shares, compared to its average volume of 444,770. Cullen/Frost Bankers, Inc. has a 52 week low of $94.09 and a 52 week high of $147.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market cap of $8.84 billion, a PE ratio of 17.10, a PEG ratio of 1.66 and a beta of 0.99. The business has a 50-day simple moving average of $132.55 and a 200-day simple moving average of $115.62.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its earnings results on Thursday, October 31st. The bank reported $2.24 earnings per share for the quarter, topping analysts' consensus estimates of $2.17 by $0.07. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. The firm had revenue of $518.04 million during the quarter, compared to the consensus estimate of $517.25 million. During the same period in the prior year, the firm posted $2.38 earnings per share. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts expect that Cullen/Frost Bankers, Inc. will post 8.75 EPS for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.95 per share. The ex-dividend date is Friday, November 29th. This represents a $3.80 annualized dividend and a yield of 2.76%. Cullen/Frost Bankers's dividend payout ratio is currently 47.15%.

Insider Buying and Selling

In other Cullen/Frost Bankers news, EVP Howard L. Kasanoff sold 4,000 shares of Cullen/Frost Bankers stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $138.34, for a total value of $553,360.00. Following the transaction, the executive vice president now owns 2,888 shares in the company, valued at approximately $399,525.92. The trade was a 58.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Phillip D. Green sold 14,358 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the sale, the chief executive officer now owns 94,423 shares of the company's stock, valued at $13,026,597.08. This trade represents a 13.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,864 shares of company stock valued at $2,977,033 over the last three months. Company insiders own 2.89% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CFR shares. Truist Financial decreased their target price on 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. Maxim Group boosted their price objective on Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Citigroup increased their target price on Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a "sell" rating in a research report on Monday, November 4th. Keefe, Bruyette & Woods raised their target price on Cullen/Frost Bankers from $120.00 to $140.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Finally, Stephens upped their price target on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Four investment 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. Based on data from MarketBeat.com, Cullen/Frost Bankers has a consensus rating of "Hold" and an average target price of $127.07.

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.