Cullen/Frost Bankers (CFR) : B T Capital Management Dba Alpha Capital Management scooped up 2,036 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 10, 2016. The investment management firm now holds a total of 40,623 shares of Cullen/Frost Bankers which is valued at $2,792,425.Cullen/Frost Bankers makes up approximately 1.94% of B T Capital Management Dba Alpha Capital Management’s portfolio.
Other Hedge Funds, Including , Blackrock Fund Advisors boosted its stake in CFR in the latest quarter, The investment management firm added 63,851 additional shares and now holds a total of 1,925,953 shares of Cullen/Frost Bankers which is valued at $132,390,009. Cullen/Frost Bankers makes up approx 0.03% of Blackrock Fund Advisors’s portfolio.Mutual Of America Capital Management boosted its stake in CFR in the latest quarter, The investment management firm added 1,081 additional shares and now holds a total of 39,943 shares of Cullen/Frost Bankers which is valued at $2,672,586. Cullen/Frost Bankers makes up approx 0.06% of Mutual Of America Capital Management’s portfolio.Louisiana State Employees Retirement System reduced its stake in CFR by selling 600 shares or 3.97% in the most recent quarter. The Hedge Fund company now holds 14,500 shares of CFR which is valued at $1,018,480. Cullen/Frost Bankers makes up approx 0.05% of Louisiana State Employees 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.
Cullen/Frost Bankers closed down -0.03 points or -0.04% at $71.01 with 3,86,611 shares getting traded on Friday. Post opening the session at $71, the shares hit an intraday low of $70.59 and an intraday high of $71.35 and the price fluctuated in this range throughout the day.Shares ended Friday 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.
Investors should note that on Jul 28, 2016, Cullen/Frost Bankers announced a cash dividend of $0.5400. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 15, 2016.
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.