Texan Capital Management Lowers stake in Cullen/Frost Bankers (CFR)

Cullen/Frost Bankers (CFR) : Texan Capital Management reduced its stake in Cullen/Frost Bankers by 3.72% during the most recent quarter end. The investment management company now holds a total of 34,519 shares of Cullen/Frost Bankers which is valued at $2,309,666 after selling 1,332 shares in Cullen/Frost Bankers , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Cullen/Frost Bankers makes up approximately 1.05% of Texan Capital Management’s portfolio.

Other Hedge Funds, Including , 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. Quadrant Capital Group added CFR to its portfolio by purchasing 19 company shares during the most recent quarter which is valued at $1,290.Boston Advisors reduced its stake in CFR by selling 250 shares or 3.88% in the most recent quarter. The Hedge Fund company now holds 6,200 shares of CFR which is valued at $435,488. Cullen/Frost Bankers makes up approx 0.01% of Boston Advisors’s portfolio.Huntington National Bank reduced its stake in CFR by selling 3,129 shares or 83.69% in the most recent quarter. The Hedge Fund company now holds 610 shares of CFR which is valued at $42,846.

Cullen/Frost Bankers closed down -0.17 points or -0.24% at $70.09 with 3,37,464 shares getting traded on Monday. Post opening the session at $70.55, the shares hit an intraday low of $69.97 and an intraday high of $70.9 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

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