Janus Henderson Group PLC Trims Stock Position in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Janus Henderson Group PLC decreased its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 721,898 shares of the bank's stock after selling 55,184 shares during the quarter. Janus Henderson Group PLC owned approximately 1.13% of Cullen/Frost Bankers worth $96,917,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in Cullen/Frost Bankers in the 3rd quarter valued at about $29,000. UMB Bank n.a. raised its position in shares of Cullen/Frost Bankers by 45.8% during the 4th quarter. UMB Bank n.a. now owns 245 shares of the bank's stock valued at $33,000 after buying an additional 77 shares during the period. Blue Trust Inc. lifted its holdings in Cullen/Frost Bankers by 239.0% in the fourth quarter. Blue Trust Inc. now owns 339 shares of the bank's stock valued at $46,000 after acquiring an additional 239 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Cullen/Frost Bankers by 35.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 460 shares of the bank's stock worth $62,000 after acquiring an additional 120 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in Cullen/Frost Bankers during the fourth quarter worth $106,000. Institutional investors and hedge funds own 86.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada lowered their price target on Cullen/Frost Bankers from $147.00 to $140.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd. Morgan Stanley dropped their target price on shares of Cullen/Frost Bankers from $132.00 to $120.00 and set an "underweight" rating for the company in a report on Thursday, March 13th. Keefe, Bruyette & Woods raised their price target on Cullen/Frost Bankers from $140.00 to $148.00 and gave the stock a "market perform" rating in a research report on Monday, February 3rd. Barclays boosted their price objective on Cullen/Frost Bankers from $130.00 to $135.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Finally, Stephens raised their target price on Cullen/Frost Bankers from $138.00 to $141.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Cullen/Frost Bankers currently has an average rating of "Hold" and an average price target of $132.14.

Insider Transactions at Cullen/Frost Bankers

In other news, CAO Matthew Bradley Henson purchased 1,870 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average price of $16.93 per share, for a total transaction of $31,659.10. Following the purchase, the chief accounting officer now directly owns 5,545 shares of the company's stock, valued at $93,876.85. This represents a 50.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.89% of the company's stock.

Cullen/Frost Bankers Stock Up 0.7%

Shares of CFR traded up $0.87 during midday trading on Friday, reaching $131.32. The stock had a trading volume of 305,396 shares, compared to its average volume of 465,193. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.68 and a quick ratio of 0.68. The company's fifty day simple moving average is $118.87 and its two-hundred day simple moving average is $131.09. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 6.46 and a beta of 0.67. Cullen/Frost Bankers, Inc. has a 1-year low of $94.09 and a 1-year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The bank reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.13. Cullen/Frost Bankers had a return on equity of 15.95% and a net margin of 20.44%. The business had revenue of $560.42 million during the quarter, compared to analysts' expectations of $540.57 million. During the same period in the prior year, the firm posted $2.15 EPS. Equities research analysts expect that Cullen/Frost Bankers, Inc. will post 8.85 earnings per share for the current year.

Cullen/Frost Bankers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $1.00 dividend. This is a positive change from Cullen/Frost Bankers's previous quarterly dividend of $0.95. This represents a $4.00 annualized dividend and a yield of 3.05%. The ex-dividend date is Friday, May 30th. Cullen/Frost Bankers's dividend payout ratio is currently 43.91%.

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.