Rowland & Company Investment Counsel Increased Cullen Frost Bankers (NYSE:CFR) Stake by $55.00 Million

April 17, 2018 - By Adrian Mccoy

Cullen/Frost Bankers, Inc. (NYSE:CFR) LogoInvestors sentiment increased to 1.29 in Q4 2017. Its up 0.15, from 1.14 in 2017Q3. It improved, as 18 investors sold CFR shares while 94 reduced holdings. 51 funds opened positions while 93 raised stakes. 50.25 million shares or 0.55% less from 50.53 million shares in 2017Q3 were reported. 344,723 are held by Goldman Sachs. 77,336 were reported by Royal Retail Bank Of Canada. Beacon Financial reported 46,312 shares stake. Oregon Employees Retirement Fund accumulated 20,982 shares. Argent Tru owns 36,872 shares. 250 are held by Whittier Trust. New York State Common Retirement Fund owns 129,100 shares. Keybank Association Oh invested in 0.02% or 28,363 shares. State Of Alaska Department Of Revenue invested in 0.01% or 3,400 shares. State Treasurer State Of Michigan has 20,700 shares for 0.02% of their portfolio. Rockefeller Service holds 0% of its portfolio in Cullen/Frost Bankers, Inc. (NYSE:CFR) for 1,814 shares. Thrivent Fincl For Lutherans stated it has 0.03% in Cullen/Frost Bankers, Inc. (NYSE:CFR). Cap Fund Management Sa owns 2,600 shares. Bluecrest Cap Mngmt Limited reported 0.01% in Cullen/Frost Bankers, Inc. (NYSE:CFR). Comml Bank Of America De reported 0.01% in Cullen/Frost Bankers, Inc. (NYSE:CFR).

Since October 27, 2017, it had 0 buys, and 9 insider sales for $12.18 million activity. FROST PATRICK B also sold $1.38M worth of Cullen/Frost Bankers, Inc. (NYSE:CFR) on Tuesday, January 30. 24,000 shares were sold by McKnight Gary C, worth $2.55 million on Friday, January 26. Perotti William L sold 13,000 shares worth $1.37M. Shares for $664,930 were sold by Wolfshohl Candace K. Another trade for 4,500 shares valued at $479,610 was sold by Alonzo Annette M. $4.20 million worth of Cullen/Frost Bankers, Inc. (NYSE:CFR) was sold by Berman Bobby on Friday, October 27.

Rowland & Company Investment Counsel increased its stake in Cullen Frost Bankers (NYSE:CFR) by 1.02% based on its latest 2018Q1 regulatory filing with the SEC. Rowland & Company Investment Counsel bought 518 shares as the company’s stock rose 7.06% while stock markets declined. The institutional investor held 51,115 shares of the finance company at the end of 2018Q1, valued at $5.43B, up from 50,597 at the end of the previous reported quarter. Rowland & Company Investment Counsel who had been investing in Cullen Frost Bankers for a number of months, seems to be bullish on the $6.62B market cap company. The stock decreased 1.60% or $1.69 during the last trading session, reaching $103.74. About 134,753 shares traded. Cullen/Frost Bankers, Inc. (NYSE:CFR) has risen 22.62% since April 17, 2017 and is uptrending. It has outperformed by 11.07% the S&P500.

Rowland & Company Investment Counsel, which manages about $228.64M and $252.25B US Long portfolio, decreased its stake in Intel Corp (NASDAQ:INTC) by 2,061 shares to 298,301 shares, valued at $15.28B in 2018Q1, according to the filing. It also reduced its holding in Granite Construction (NYSE:GVA) by 300 shares in the quarter, leaving it with 4,420 shares, and cut its stake in Torchmark Corp (NYSE:TMK).

Rowland & Company Investment Counsel is a Georgia-based institutional investor with more than $228.64 million AUM in March, 2014. Taken from Rowland & Company Investment latest Adv, the fund reported to have 4 full and part-time employees. Among which 3 performing investment advisory and research functions. The institutional investor had more than 100 clients.

Cullen/Frost Bankers, Inc. (NYSE:CFR) Ratings Coverage

Among 12 analysts covering Cullen/Frost Bankers (NYSE:CFR), 2 have Buy rating, 1 Sell and 9 Hold. Therefore 17% are positive. Cullen/Frost Bankers has $120.0 highest and $91 lowest target. $108.55’s average target is 4.64% above currents $103.74 stock price. Cullen/Frost Bankers had 19 analyst reports since October 26, 2017 according to SRatingsIntel. On Thursday, January 25 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The firm has “Hold” rating by Deutsche Bank given on Wednesday, November 8. The rating was maintained by JP Morgan with “Neutral” on Monday, October 30. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. The firm earned “Buy” rating on Monday, October 30 by SunTrust. The firm has “Buy” rating given on Monday, January 8 by SunTrust. The firm earned “Buy” rating on Thursday, January 25 by SunTrust. Barclays Capital maintained the shares of CFR in report on Monday, October 30 with “Equal-Weight” rating. The company was upgraded on Friday, October 27 by Raymond James. The firm earned “Sell” rating on Tuesday, April 10 by Raymond James.

Cullen/Frost Bankers, Inc. operates as the holding firm for Frost Bank that offers commercial and consumer banking services in Texas. The company has market cap of $6.62 billion. The firm operates in two divisions, Banking and Frost Wealth Advisors. It has a 18.84 P/E ratio. It provides commercial banking services to firms and other business clients, including financing for industrial and commercial properties, interim construction, equipment, inventories and accounts receivable, and acquisition financing; commercial leasing; and treasury management services.

Cullen/Frost Bankers, Inc. (NYSE:CFR) Institutional Positions Chart

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