Kempen Capital Management N.v. buys $23.1 Million stake in Cullen/Frost Bankers (CFR)

Cullen/Frost Bankers (CFR) : Kempen Capital Management N.v. scooped up 30,150 additional shares in Cullen/Frost Bankers during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 385,250 shares of Cullen/Frost Bankers which is valued at $23.1 Million.Cullen/Frost Bankers makes up approximately 2.69% of Kempen Capital Management N.v.’s portfolio.

Other Hedge Funds, Including , Tower Bridge Advisors boosted its stake in CFR in the latest quarter, The investment management firm added 3,558 additional shares and now holds a total of 43,585 shares of Cullen/Frost Bankers which is valued at $2.6 Million. Cullen/Frost Bankers makes up approx 0.33% of Tower Bridge Advisors’s portfolio.Sunbelt Securities boosted its stake in CFR in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 109 shares of Cullen/Frost Bankers which is valued at $6,526. Cullen/Frost Bankers makes up approx 0.01% of Sunbelt Securities’s portfolio. Trexquant Investment Lp sold out all of its stake in CFR during the most recent quarter. The investment firm sold 34,370 shares of CFR which is valued $2.1 Million.New York State Common Retirement Fund boosted its stake in CFR in the latest quarter, The investment management firm added 18,500 additional shares and now holds a total of 144,400 shares of Cullen/Frost Bankers which is valued at $8.7 Million. Cullen/Frost Bankers makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.Rhumbline Advisers boosted its stake in CFR in the latest quarter, The investment management firm added 10,660 additional shares and now holds a total of 114,986 shares of Cullen/Frost Bankers which is valued at $6.9 Million. Cullen/Frost Bankers makes up approx 0.02% of Rhumbline Advisers’s portfolio.

Cullen/Frost Bankers opened for trading at $63.35 and hit $64.3 on the upside on Friday, eventually ending the session at $63.71, with a gain of 1.29% or 0.81 points. The heightened volatility saw the trading volume jump to 3,08,658 shares. Company has a market cap of $3,949 M.

On the company’s financial health, Cullen/Frost Bankers reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $1.05.Analysts expectations of $ 311.83.During the same quarter in the previous year, the company posted $1.10 EPS.

Many Wall Street Analysts have commented on Cullen/Frost Bankers. Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 63 from a previous price target of $54 .

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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