Janney Montgomery Scott LLC Acquires 490 Shares of Cullen/Frost Bankers, Inc. (NYSE:CFR)

Janney Montgomery Scott LLC boosted its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,056 shares of the bank’s stock after purchasing an additional 490 shares during the period. Janney Montgomery Scott LLC’s holdings in Cullen/Frost Bankers were worth $2,290,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Covestor Ltd boosted its stake in Cullen/Frost Bankers by 169.9% in the third quarter. Covestor Ltd now owns 224 shares of the bank’s stock valued at $25,000 after acquiring an additional 141 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Cullen/Frost Bankers during the 3rd quarter valued at about $29,000. Asset Dedication LLC increased its position in shares of Cullen/Frost Bankers by 63.3% during the third quarter. Asset Dedication LLC now owns 271 shares of the bank’s stock valued at $30,000 after buying an additional 105 shares during the period. UMB Bank n.a. lifted its holdings in shares of Cullen/Frost Bankers by 45.8% in the fourth quarter. UMB Bank n.a. now owns 245 shares of the bank’s stock worth $33,000 after buying an additional 77 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Cullen/Frost Bankers in the third quarter valued at approximately $44,000. Institutional investors own 86.90% of the company’s stock.

Insider Activity at Cullen/Frost Bankers

In other Cullen/Frost Bankers news, EVP Howard L. Kasanoff sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $138.34, for a total value of $553,360.00. Following the completion of the sale, 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 sale was disclosed in a document filed 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 that occurred 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 directly owns 94,423 shares of the company’s stock, valued at approximately $13,026,597.08. This trade represents a 13.20 % decrease in their position. The disclosure for this sale can be found here. 2.89% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on CFR shares. Stephens upped their target price on shares of Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $144.00 price target on shares of Cullen/Frost Bankers in a report on Friday. Keefe, Bruyette & Woods lifted their price objective 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. Compass Point boosted their target price on Cullen/Frost Bankers from $122.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Citigroup raised their price target on Cullen/Frost Bankers from $104.00 to $113.00 and gave the company a “sell” rating in a report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $129.00.

Cullen/Frost Bankers Trading Down 0.8 %

CFR stock opened at $139.39 on Friday. The company has a market capitalization of $8.94 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.71 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.66 and a current ratio of 0.66. Cullen/Frost Bankers, Inc. has a one year low of $94.09 and a one year high of $147.64. The company’s 50 day moving average price is $137.88 and its two-hundred day moving average price is $124.86.

Cullen/Frost Bankers (NYSE:CFR) last issued its earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.19. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. As a group, analysts predict that Cullen/Frost Bankers, Inc. will post 8.76 earnings per share for the current fiscal year.

Cullen/Frost Bankers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Friday, February 28th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is presently 47.15%.

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.