Kempner Capital Management Inc. Has $5.36 Million Holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR)

Kempner Capital Management Inc. decreased its position in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 17.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,896 shares of the bank’s stock after selling 8,200 shares during the period. Cullen/Frost Bankers accounts for 2.9% of Kempner Capital Management Inc.’s investment portfolio, making the stock its 14th biggest holding. Kempner Capital Management Inc. owned approximately 0.06% of Cullen/Frost Bankers worth $5,356,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CFR. Bank of Montreal Can increased its position in Cullen/Frost Bankers by 3.4% in the 2nd quarter. Bank of Montreal Can now owns 21,699 shares of the bank’s stock worth $2,208,000 after buying an additional 717 shares during the period. Creative Planning grew its holdings in Cullen/Frost Bankers by 7.4% during the 2nd quarter. Creative Planning now owns 8,449 shares of the bank’s stock worth $859,000 after acquiring an additional 585 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Cullen/Frost Bankers by 2.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,906 shares of the bank’s stock valued at $600,000 after acquiring an additional 156 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Cullen/Frost Bankers during the 2nd quarter valued at $2,199,000. Finally, GAMMA Investing LLC grew its holdings in Cullen/Frost Bankers by 18.5% during the third quarter. GAMMA Investing LLC now owns 678 shares of the bank’s stock valued at $76,000 after purchasing an additional 106 shares during the period. 86.90% of the stock is owned by institutional investors and hedge funds.

Cullen/Frost Bankers Trading Up 1.0 %

CFR opened at $140.21 on Friday. The company has a market cap of $8.99 billion, a P/E ratio of 17.40, a PEG ratio of 1.71 and a beta of 1.00. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $137.94 and its 200-day moving average is $124.54. Cullen/Frost Bankers, Inc. has a 1-year low of $94.09 and a 1-year high of $147.64.

Cullen/Frost Bankers (NYSE:CFR) last posted its earnings results on Thursday, January 30th. The bank reported $2.36 EPS for the quarter, beating the consensus estimate of $2.17 by $0.19. Cullen/Frost Bankers had a return on equity of 15.82% and a net margin of 18.81%. Equities research analysts predict that Cullen/Frost Bankers, Inc. will post 8.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Compass Point boosted their price objective on shares of Cullen/Frost Bankers from $122.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods lifted their price objective on shares of Cullen/Frost Bankers from $120.00 to $140.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Stephens increased their target price on Cullen/Frost Bankers from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Maxim Group boosted their price objective on shares of Cullen/Frost Bankers from $138.00 to $149.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada raised their target price on shares of Cullen/Frost Bankers from $118.00 to $130.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $127.92.

Insider Activity

In other news, EVP Howard L. Kasanoff sold 4,000 shares of Cullen/Frost Bankers stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $138.34, for a total transaction of $553,360.00. Following the completion of the transaction, the executive vice president now directly owns 2,888 shares in the company, valued at $399,525.92. This trade represents a 58.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phillip D. Green sold 14,358 shares of Cullen/Frost Bankers stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $137.96, for a total value of $1,980,829.68. Following the transaction, the chief executive officer now owns 94,423 shares of the company’s stock, valued at $13,026,597.08. This trade represents a 13.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.89% of the company’s stock.

Cullen/Frost Bankers Profile

Cullen/Frost Bankers, Inc operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas. The company offers commercial banking services to corporations, including financing for industrial and commercial properties, interim construction related to industrial and commercial properties, equipment, inventories and accounts receivables, and acquisitions; and treasury management services, as well as originates commercial leasing services.