Callahan Advisors buys $1,245,917 stake in Cullen/Frost Bankers (CFR)

Cullen/Frost Bankers (CFR) : Callahan Advisors scooped up 1,501 additional shares in Cullen/Frost Bankers during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 17,278 shares of Cullen/Frost Bankers which is valued at $1,245,917.Cullen/Frost Bankers makes up approximately 0.32% of Callahan Advisors’s portfolio.

Other Hedge Funds, Including , Charter Trust Co reduced its stake in CFR by selling 58 shares or 0.4% in the most recent quarter. The Hedge Fund company now holds 14,396 shares of CFR which is valued at $1,038,096. Cullen/Frost Bankers makes up approx 0.12% of Charter Trust Co’s portfolio.Msi Financial Services Inc boosted its stake in CFR in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 4,292 shares of Cullen/Frost Bankers which is valued at $304,904. Cullen/Frost Bankers makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in CFR in the latest quarter, The investment management firm added 776 additional shares and now holds a total of 19,100 shares of Cullen/Frost Bankers which is valued at $1,395,828. Cullen/Frost Bankers makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio.Cutler Group Lp reduced its stake in CFR by selling 669 shares or 13.9% in the most recent quarter. The Hedge Fund company now holds 4,145 shares of CFR which is valued at $302,917. Cullen/Frost Bankers makes up approx 0.02% of Cutler Group Lp’s portfolio.

Cullen/Frost Bankers opened for trading at $72.21 and hit $72.68 on the upside on Friday, eventually ending the session at $72.11, with a gain of 1.51% or 1.07 points. The heightened volatility saw the trading volume jump to 3,22,300 shares. Company has a market cap of $4,479 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. Wedbush Initiated Cullen/Frost Bankers on Oct 7, 2016 to “Neutral”, Price Target of the shares are set at $68.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 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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