Janus Henderson Group PLC Has $88.72 Million Stake in Cullen/Frost Bankers, Inc. $CFR

Janus Henderson Group PLC lowered its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 32.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 647,235 shares of the bank’s stock after selling 317,611 shares during the period. Janus Henderson Group PLC’s holdings in Cullen/Frost Bankers were worth $88,724,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CFR. Advisory Services Network LLC acquired a new stake in shares of Cullen/Frost Bankers during the third quarter valued at about $28,000. Covestor Ltd increased its stake in shares of Cullen/Frost Bankers by 67.6% in the fourth quarter. Covestor Ltd now owns 248 shares of the bank’s stock valued at $31,000 after buying an additional 100 shares during the period. Blue Trust Inc. increased its stake in shares of Cullen/Frost Bankers by 252.1% in the fourth quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock valued at $33,000 after buying an additional 184 shares during the period. Measured Wealth Private Client Group LLC bought a new position in Cullen/Frost Bankers in the 1st quarter valued at approximately $41,000. Finally, Geneos Wealth Management Inc. raised its holdings in Cullen/Frost Bankers by 40.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after buying an additional 106 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Key Cullen/Frost Bankers News

Here are the key news stories impacting Cullen/Frost Bankers this week:

• Positive Sentiment: Q2 earnings beat expectations: Cullen/Frost reported $2.70 in diluted EPS, up from $2.39 a year earlier, exceeding the $2.55 consensus estimate. Revenue of approximately $608.7 million also surpassed the $589.7 million forecast. Cullen/Frost Reports Second Quarter Results
• Positive Sentiment: Healthy operating trends: Taxable-equivalent net interest income rose 4.3% year over year to $470.1 million, average loans increased 7.4% to $22.6 billion, and non-interest income climbed 9.4% to $128.3 million. Improved credit quality and a record loan pipeline also helped reinforce the growth outlook. Cullen-Frost Q2 Earnings Beat
• Positive Sentiment: More bullish analyst views: Stephens raised its price target from $169 to $183 and upgraded its stance to “overweight.” Keefe, Bruyette & Woods lifted its target to $175 with an “outperform” rating, while RBC raised its target to $176 but maintained a “sector perform” rating. Analyst Price Target Updates
• Positive Sentiment: Capital returns remain supportive: The bank declared a quarterly common-stock dividend of $1.03 per share, representing an annualized yield of roughly 2.5%, and repurchased approximately $90 million of its shares during the quarter.
• Neutral Sentiment: Mixed analyst consensus: Despite the target increases, brokerages collectively maintain an average “hold” recommendation, suggesting that some investors view the recent gains and valuation as largely reflected in the stock price. Average Hold Recommendation
• Negative Sentiment: Expense growth remains a consideration: Non-interest expense rose 4.2% year over year to $361.7 million, which could limit profit expansion if operating costs accelerate faster than revenue.

Insiders Place Their Bets

In related news, EVP Carol Jean Severyn sold 837 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $148.29, for a total value of $124,118.73. Following the transaction, the executive vice president owned 12,712 shares in the company, valued at $1,885,062.48. The trade was a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.14% of the stock is owned by corporate insiders.

Cullen/Frost Bankers Stock Performance

NYSE:CFR opened at $166.47 on Friday. The company has a market capitalization of $10.45 billion, a PE ratio of 15.73, a P/E/G ratio of 2.92 and a beta of 0.54. The company has a 50 day simple moving average of $151.51 and a two-hundred day simple moving average of $143.62. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.65 and a current ratio of 0.65. Cullen/Frost Bankers, Inc. has a fifty-two week low of $119.00 and a fifty-two week high of $169.09.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, July 30th. The bank reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.15. The firm had revenue of $608.65 million during the quarter, compared to analyst estimates of $589.72 million. Cullen/Frost Bankers had a net margin of 29.29% and a return on equity of 15.64%. During the same quarter last year, the business earned $2.39 EPS. Research analysts anticipate that Cullen/Frost Bankers, Inc. will post 10.57 earnings per share for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 31st. Cullen/Frost Bankers’s dividend payout ratio (DPR) is currently 40.12%.

Analyst Upgrades and Downgrades

CFR has been the topic of several recent research reports. Jefferies Financial Group upgraded shares of Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $135.00 to $160.00 in a research report on Monday, July 6th. Cantor Fitzgerald raised their price target on shares of Cullen/Frost Bankers from $154.00 to $158.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Raymond James Financial reiterated a “market perform” rating on shares of Cullen/Frost Bankers in a report on Wednesday, July 1st. Barclays lifted their price target on shares of Cullen/Frost Bankers from $155.00 to $160.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Finally, TD Cowen upgraded Cullen/Frost Bankers to a “strong-buy” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $157.00.

Cullen/Frost Bankers Company Profile

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.