Howland Capital Management Lowers stake in Cullen/Frost Bankers (CFR)

Cullen/Frost Bankers (CFR) : Howland Capital Management reduced its stake in Cullen/Frost Bankers by 1.67% during the most recent quarter end. The investment management company now holds a total of 63,624 shares of Cullen/Frost Bankers which is valued at $4,519,849 after selling 1,080 shares in Cullen/Frost Bankers , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Cullen/Frost Bankers makes up approximately 0.43% of Howland Capital Management’s portfolio.

Other Hedge Funds, Including , First Premier Bank added CFR to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $71,040. Cullen/Frost Bankers makes up approx 0.05% of First Premier Bank’s portfolio.Capstone Asset Management Co boosted its stake in CFR in the latest quarter, The investment management firm added 635 additional shares and now holds a total of 34,675 shares of Cullen/Frost Bankers which is valued at $2,513,938. Cullen/Frost Bankers makes up approx 0.07% of Capstone Asset Management Co’s portfolio.Nisa Investment Advisors boosted its stake in CFR in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 54,410 shares of Cullen/Frost Bankers which is valued at $3,944,725. Cullen/Frost Bankers makes up approx 0.05% of Nisa Investment Advisors’s portfolio.Independent Portfolio Consultants reduced its stake in CFR by selling 90 shares or 1.58% in the most recent quarter. The Hedge Fund company now holds 5,595 shares of CFR which is valued at $407,596. Cullen/Frost Bankers makes up approx 0.13% of Independent Portfolio Consultants’s portfolio.Beacon Financial Group reduced its stake in CFR by selling 33,226 shares or 23.39% in the most recent quarter. The Hedge Fund company now holds 108,801 shares of CFR which is valued at $7,926,153. Cullen/Frost Bankers makes up approx 1.67% of Beacon Financial Group’s portfolio.

Cullen/Frost Bankers closed down -0.58 points or -0.79% at $72.5 with 2,80,493 shares getting traded on Tuesday. Post opening the session at $73.06, the shares hit an intraday low of $71.83 and an intraday high of $73.36 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Cullen/Frost Bankers reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.04.Analysts expectations of $ 310.33.During the same quarter in the previous year, the company posted $1.11 EPS.

Many Wall Street Analysts have commented on Cullen/Frost Bankers. Wedbush Initiated Cullen/Frost Bankers on Oct 7, 2016 to “Neutral”, Price Target of the shares are set at $68.Company shares were Reiterated by Maxim Group on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 85 from a previous price target of $70 .Company shares were Reiterated by RBC Capital Mkts on Jul 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 70 from a previous price target of $63 .

Cullen/Frost Bankers Inc. (Cullen/Frost) is a financial holding and a bank holding company. The Company through its subsidiaries offers commercial and consumer banking services trust and investment management mutual funds investment banking insurance brokerage leasing treasury management and item processing services. The Company serves industries including energy manufacturing services construction retail telecommunications healthcare military and transportation among others. The Company operates in two segments: Banking and Frost Wealth Advisors. The Banking segment includes commercial and consumer banking services Frost Securities Inc. and Frost Insurance Agency. Commercial banking services are provided to corporations and other business clients. Consumer banking services include direct lending and depository services. The Frost Wealth Advisors segment includes fee-based services within private trust retirement services and financial management services.

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