Janus Henderson Group PLC Sells 46,061 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Janus Henderson Group PLC decreased its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 777,082 shares of the bank's stock after selling 46,061 shares during the period. Janus Henderson Group PLC owned 1.21% of Cullen/Frost Bankers worth $86,926,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Covestor Ltd grew its stake in Cullen/Frost Bankers by 169.9% during the third quarter. Covestor Ltd now owns 224 shares of the bank's stock worth $25,000 after buying an additional 141 shares during the period. Asset Dedication LLC grew its stake in Cullen/Frost Bankers by 63.3% during the third quarter. Asset Dedication LLC now owns 271 shares of the bank's stock worth $30,000 after buying an additional 105 shares during the period. Brooklyn Investment Group purchased a new stake in Cullen/Frost Bankers during the third quarter worth approximately $44,000. Allworth Financial LP grew its stake 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 period. Finally, Capital Performance Advisors LLP purchased a new stake in Cullen/Frost Bankers during the third quarter worth approximately $52,000. Institutional investors and hedge funds own 86.90% of the company's stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR stock traded down $2.07 during trading hours on Thursday, reaching $138.18. The stock had a trading volume of 267,434 shares, compared to its average volume of 449,346. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.66 and a quick ratio of 0.66. Cullen/Frost Bankers, Inc. has a twelve month low of $94.09 and a twelve month high of $147.64. The firm has a 50-day simple moving average of $128.73 and a 200-day simple moving average of $114.02. The firm has a market capitalization of $8.86 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.68 and a beta of 0.99.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its earnings results on Thursday, October 31st. The bank reported $2.24 EPS for the quarter, beating the consensus estimate of $2.17 by $0.07. The firm had revenue of $518.04 million for the quarter, compared to analysts' expectations of $517.25 million. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. Cullen/Frost Bankers's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $2.38 EPS. As a group, equities analysts forecast that Cullen/Frost Bankers, Inc. will post 8.73 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.95 per share. The ex-dividend date is Friday, November 29th. This represents a $3.80 annualized dividend and a dividend yield of 2.75%. Cullen/Frost Bankers's dividend payout ratio (DPR) is 47.15%.

Analysts Set New Price Targets

CFR has been the subject of several analyst reports. Truist Financial decreased 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. Wedbush decreased their target price on shares of Cullen/Frost Bankers from $124.00 to $123.00 and set a "neutral" rating for the company in a research note on Tuesday, September 24th. Compass Point upped their target price on shares of Cullen/Frost Bankers from $111.00 to $122.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Morgan Stanley reduced their price objective on shares of Cullen/Frost Bankers from $121.00 to $117.00 and set an "underweight" rating on the stock in a research note on Monday, September 30th. Finally, Maxim Group increased their price objective on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Cullen/Frost Bankers presently has an average rating of "Hold" and a consensus price target of $125.43.

Insider Activity

In other Cullen/Frost Bankers news, EVP Howard L. Kasanoff sold 4,000 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $138.34, for a total value of $553,360.00. Following the completion of the transaction, the executive vice president now directly owns 2,888 shares in the company, valued at $399,525.92. This trade represents a 58.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bobby Berman sold 3,506 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $126.31, for a total transaction of $442,842.86. Following the completion of the transaction, the executive vice president now owns 26,661 shares of the company's stock, valued at approximately $3,367,550.91. The trade was a 11.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,864 shares of company stock worth $2,977,033. Corporate insiders own 2.89% of the company's stock.

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.