KBC Group NV Has $476,000 Stock Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

KBC Group NV raised its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 7.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 4,256 shares of the bank’s stock after purchasing an additional 285 shares during the period. KBC Group NV’s holdings in Cullen/Frost Bankers were worth $476,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Boston Trust Walden Corp purchased a new stake in shares of Cullen/Frost Bankers during the third quarter worth $107,166,000. Deprince Race & Zollo Inc. acquired a new stake in shares of Cullen/Frost Bankers during the 2nd quarter valued at about $37,813,000. Strategic Financial Concepts LLC grew its stake in shares of Cullen/Frost Bankers by 7,109.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 250,896 shares of the bank’s stock valued at $255,000 after buying an additional 247,416 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Cullen/Frost Bankers by 18.8% in the first quarter. Janus Henderson Group PLC now owns 1,021,559 shares of the bank’s stock worth $114,994,000 after buying an additional 161,580 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Cullen/Frost Bankers during the second quarter valued at approximately $13,574,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analysts Set New Price Targets

CFR has been the subject of several recent research reports. Citigroup boosted their target price on shares of Cullen/Frost Bankers from $104.00 to $113.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Compass Point increased their target price on shares of Cullen/Frost Bankers from $111.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Royal Bank of Canada boosted their price target on Cullen/Frost Bankers from $118.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. DA Davidson increased their price objective on Cullen/Frost Bankers from $127.00 to $134.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Stephens boosted their target price on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $123.86.

Cullen/Frost Bankers Trading Down 0.5 %

Shares of CFR stock opened at $137.83 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06. Cullen/Frost Bankers, Inc. has a 1 year low of $94.09 and a 1 year high of $144.89. The firm’s fifty day simple moving average is $122.10 and its 200 day simple moving average is $111.42. The firm has a market capitalization of $8.84 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 1.68 and a beta of 0.98.

Cullen/Frost Bankers (NYSE:CFR) last posted its quarterly earnings data on Thursday, October 31st. The bank reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.07. Cullen/Frost Bankers had a net margin of 18.81% and a return on equity of 15.82%. The company had revenue of $518.04 million for the quarter, compared to the consensus estimate of $517.25 million. During the same quarter in the previous year, the firm posted $2.38 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that Cullen/Frost Bankers, Inc. will post 8.71 EPS for the current year.

Cullen/Frost Bankers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.80 annualized dividend and a yield of 2.76%. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 47.15%.

Insiders Place Their Bets

In other Cullen/Frost Bankers news, EVP Howard L. Kasanoff sold 4,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 2,888 shares of the company’s stock, valued at $399,525.92. The trade was a 58.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 transaction, the executive vice president now directly owns 26,661 shares of the company’s stock, valued at $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. Corporate insiders own 3.00% 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.