Kempen Capital Management N.v. Lowers stake in Cullen/Frost Bankers (CFR)

Cullen/Frost Bankers (CFR) : Kempen Capital Management N.v. reduced its stake in Cullen/Frost Bankers by 12.66% during the most recent quarter end. The investment management company now holds a total of 336,477 shares of Cullen/Frost Bankers which is valued at $23,129,429 after selling 48,773 shares in Cullen/Frost Bankers , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Cullen/Frost Bankers makes up approximately 2.59% of Kempen Capital Management N.v.’s portfolio.

Other Hedge Funds, Including , Citadel Advisors added CFR to its portfolio by purchasing 102,069 company shares during the most recent quarter which is valued at $7,016,223. Cullen/Frost Bankers makes up approx 0.02% of Citadel Advisors’s portfolio. Lebenthal Asset Management added CFR to its portfolio by purchasing 12,120 company shares during the most recent quarter which is valued at $833,129. Cullen/Frost Bankers makes up approx 0.10% of Lebenthal Asset Management’s portfolio. Rational Advisors sold out all of its stake in CFR during the most recent quarter. The investment firm sold 6,500 shares of CFR which is valued $446,810.State Board Of Administration Of Florida Retirement System boosted its stake in CFR in the latest quarter, The investment management firm added 15,265 additional shares and now holds a total of 60,456 shares of Cullen/Frost Bankers which is valued at $4,247,639. Cullen/Frost Bankers makes up approx 0.01% of State Board Of Administration Of Florida Retirement System’s portfolio.Cadence Capital Management reduced its stake in CFR by selling 5,909 shares or 42.22% in the most recent quarter. The Hedge Fund company now holds 8,087 shares of CFR which is valued at $541,101. Cullen/Frost Bankers makes up approx 0.04% of Cadence Capital Management’s portfolio.

Cullen/Frost Bankers opened for trading at $71.99 and hit $72.86 on the upside on Monday, eventually ending the session at $72.25, with a gain of 0.50% or 0.36 points. The heightened volatility saw the trading volume jump to 2,69,656 shares. Company has a market cap of $4,487 M.

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. 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 was Upgraded by Evercore ISI to ” Hold” on Jun 9, 2016.

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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