Magnolia Group adds Cullen/Frost Bankers (CFR) to its portfolio

Cullen/Frost Bankers (CFR) : Magnolia Group added new position in Cullen/Frost Bankers during the most recent quarter end. The investment management firm now holds 181,704 shares of Cullen/Frost Bankers which is valued at $10,878,618 , the company said in a statement filed on May 10, 2016 with the SEC.Cullen/Frost Bankers makes up approximately 7.98% of Magnolia Group’s portfolio.

Other Hedge Funds, Including , Norges Bank reduced its stake in CFR by selling 15,579 shares or 3.41% in the most recent quarter. The Hedge Fund company now holds 441,537 shares of CFR which is valued at $26,434,820. Cullen/Frost Bankers makes up approx 0.01% of Norges Bank’s portfolio.Matterhorn Capital Management reduced its stake in CFR by selling 24,303 shares or 28.53% in the most recent quarter. The Hedge Fund company now holds 60,880 shares of CFR which is valued at $3,655,235. Cullen/Frost Bankers makes up approx 2.35% of Matterhorn Capital Management’s portfolio.American Century Companies Inc boosted its stake in CFR in the latest quarter, The investment management firm added 164,611 additional shares and now holds a total of 1,638,434 shares of Cullen/Frost Bankers which is valued at $98,371,577. Cullen/Frost Bankers makes up approx 0.11% of American Century Companies Inc’s portfolio. Quantitative Investment Management sold out all of its stake in CFR during the most recent quarter. The investment firm sold 24,100 shares of CFR which is valued $1,446,964.

Cullen/Frost Bankers opened for trading at $60.08 and hit $61.339 on the upside on Monday, eventually ending the session at $60.99, with a gain of 1.87% or 1.12 points. The heightened volatility saw the trading volume jump to 2,69,242 shares. Company has a market cap of $3,781 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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