Cullen/Frost Bankers (CFR) : Rowland Co Investment Counseladv scooped up 4,475 additional shares in Cullen/Frost Bankers during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 51,317 shares of Cullen/Frost Bankers which is valued at $3,527,531.Cullen/Frost Bankers makes up approximately 1.60% of Rowland Co Investment Counseladv’s portfolio.
Other Hedge Funds, Including , Aperio Group boosted its stake in CFR in the latest quarter, The investment management firm added 1,721 additional shares and now holds a total of 28,775 shares of Cullen/Frost Bankers which is valued at $1,977,994. Cullen/Frost Bankers makes up approx 0.01% of Aperio Group’s portfolio.Credit Suisse Ag boosted its stake in CFR in the latest quarter, The investment management firm added 6,363 additional shares and now holds a total of 57,799 shares of Cullen/Frost Bankers which is valued at $3,973,103.California State Teachers Retirement System reduced its stake in CFR by selling 2,772 shares or 2.34% in the most recent quarter. The Hedge Fund company now holds 115,605 shares of CFR which is valued at $7,735,131. Cullen/Frost Bankers makes up approx 0.02% of California State Teachers Retirement System’s portfolio.Independent Portfolio Consultants boosted its stake in CFR in the latest quarter, The investment management firm added 2,125 additional shares and now holds a total of 5,685 shares of Cullen/Frost Bankers which is valued at $388,456. Cullen/Frost Bankers makes up approx 0.12% of Independent Portfolio Consultants’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in CFR by selling 185 shares or 2.43% in the most recent quarter. The Hedge Fund company now holds 7,440 shares of CFR which is valued at $499,894.
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.