Confluence Investment Management Llc increased its stake in Cullen Frost Bankers Inc. (CFR) by 4.76% based on its latest 2018Q3 regulatory filing with the SEC. Confluence Investment Management Llc bought 7,218 shares as the company’s stock declined 15.07% with the market. The institutional investor held 158,846 shares of the finance company at the end of 2018Q3, valued at $16.59M, up from 151,628 at the end of the previous reported quarter. Confluence Investment Management Llc who had been investing in Cullen Frost Bankers Inc. for a number of months, seems to be bullish on the $6.26B market cap company. The stock decreased 0.13% or $0.12 during the last trading session, reaching $99.44. About 116,260 shares traded. Cullen/Frost Bankers, Inc. (NYSE:CFR) has declined 1.61% since February 5, 2018 and is downtrending. It has underperformed by 1.61% the S&P500. Some Historical CFR News: 16/03/2018 – FROST BANK- HAVE REPORTED INCIDENT TO, AND ARE COOPERATING WITH, LAW-ENFORCEMENT AUTHORITIES AND INVESTIGATION IS ONGOING; 26/04/2018 – Cullen/Frost Bankers 1Q Net $106.5M; 16/03/2018 – FROST BANK STATEMENT ON UNAUTHORIZED ACCESS IMAGE ARCHIVE; 16/03/2018 – Frost Bank Says It Immediately Launched Investigation; 16/03/2018 – Frost Bank Detected Unauthorized Access to Third-Party Lockbox Software Program; 16/03/2018 – San Antonio Bus: Frost Bank third-party software tool “commercial lockbox” breached; 16/03/2018 – Frost Bank Says It’s Working With Cybersecurity Firm; 26/04/2018 – Cullen/Frost Bankers 1Q Non-interest Income Was $91.4 Million; 26/04/2018 – Cullen/Frost Bankers 1Q Net Interest Income Was $229.7 Million; 26/04/2018 – J.D. Power Again Ranks Frost Bank Highest In Texas Retail Banking Customer Satisfaction

Taylor Asset Management Inc decreased its stake in International Business Machs (IBM) by 83.94% based on its latest 2018Q3 regulatory filing with the SEC. Taylor Asset Management Inc sold 80,500 shares as the company’s stock declined 16.83% with the market. The hedge fund held 15,400 shares of the computer manufacturing company at the end of 2018Q3, valued at $2.33M, down from 95,900 at the end of the previous reported quarter. Taylor Asset Management Inc who had been investing in International Business Machs for a number of months, seems to be less bullish one the $122.93B market cap company. The stock increased 0.05% or $0.07 during the last trading session, reaching $135.26. About 1.90M shares traded. International Business Machines Corporation (NYSE:IBM) has declined 21.12% since February 5, 2018 and is downtrending. It has underperformed by 21.12% the S&P500. Some Historical IBM News: 17/04/2018 – IBM 1Q Systems Rev $1.5B; 09/03/2018 – IBM: No Targets? That’s Somewhat By Design, Says CFO — Barron’s Blog; 16/04/2018 – Artificial Intelligence to Thrive in Logistics According to DHL and IBM; 15/03/2018 – Trianz to Mark Presence at IBM Think 2018; 17/04/2018 – IBM Ended 1Q With $13.2 Billion of Cash on Hand; 26/03/2018 – Freudenberg IT (FIT) Wins IBM Top Strategic Service Provider Excellence Award; 24/05/2018 – IBM Leads ‘Call for Code’ to Use Cloud, Data, Al, Blockchain for Natural Disaster Relief; 17/04/2018 – IBM – ACTIONS “TO TRANFORM BUSINESS” DROVE PRETAX CHARGES OF ABOUT $610 MLN IN THE QTR, WITH MAJORITY OF THIS IN SG&A AND SOME IN COSTS – CONF CALL; 08/03/2018 – IBM SAYS WILL REDUCE SHARE COUNT BY ABOUT 2 PCT ANNUALLY THROUGH SHARE BUYBACKS IN LONGER TERM MODEL; 17/04/2018 – IBM 1Q Adj EPS $2.45

Confluence Investment Management Llc, which manages about $2.30 billion and $5.87 billion US Long portfolio, decreased its stake in Progressive Corp. (NYSE:PGR) by 103,740 shares to 1.95 million shares, valued at $138.32M in 2018Q3, according to the filing. It also reduced its holding in Msc Industrial Direct Co. Inc. (NYSE:MSM) by 38,426 shares in the quarter, leaving it with 401,841 shares, and cut its stake in Abbott Laboratories (NYSE:ABT).

More notable recent Cullen/Frost Bankers, Inc. (NYSE:CFR) news were published by: Bizjournals.com which released: “Pay increases across the board for Cullen/Frost Bankers executives – San Antonio Business Journal” on March 27, 2018, also Fool.com with their article: “10 Most Hated Banks in America – The Motley Fool” published on June 07, 2016, Streetinsider.com published: “Form 8-K McEwen Mining Inc. For: Feb 05 – StreetInsider.com” on February 05, 2019. More interesting news about Cullen/Frost Bankers, Inc. (NYSE:CFR) were released by: Bizjournals.com and their article: “USAA and Frost join national mobile payment network to fight Venmo – San Antonio Business Journal” published on June 12, 2017 as well as Bizjournals.com‘s news article titled: “Commerce Bank’s new Dallas market president sees loosening in business lending market – Dallas Business Journal” with publication date: November 02, 2018.

Since October 26, 2018, it had 3 insider buys, and 1 sale for $5.36 million activity. Dawson Samuel G. had bought 3,441 shares worth $349,709. Comparin Cynthia Jane also bought $93,380 worth of Cullen/Frost Bankers, Inc. (NYSE:CFR) shares. On Monday, November 19 the insider Berman Bobby sold $140,658.

Investors sentiment decreased to 1.21 in 2018 Q3. Its down 0.50, from 1.71 in 2018Q2. It turned negative, as 30 investors sold CFR shares while 91 reduced holdings. 40 funds opened positions while 107 raised stakes. 49.20 million shares or 0.97% less from 49.68 million shares in 2018Q2 were reported. King Luther Management Corporation reported 2.14M shares. Laurion Capital Limited Partnership invested in 0.01% or 5,332 shares. 114,163 are held by Keybank Association Oh. Palisade Mngmt Ltd Limited Liability Company Nj invested 1.04% of its portfolio in Cullen/Frost Bankers, Inc. (NYSE:CFR). Rhumbline Advisers holds 0.02% of its portfolio in Cullen/Frost Bankers, Inc. (NYSE:CFR) for 108,420 shares. 33,501 were accumulated by Milestone Group Incorporated. Gemmer Asset Mngmt Ltd owns 48 shares. Alps Advsr owns 0.01% invested in Cullen/Frost Bankers, Inc. (NYSE:CFR) for 11,532 shares. New England Research And Management, Illinois-based fund reported 2,300 shares. Pub Employees Retirement Association Of Colorado owns 5,812 shares. Hightower Advisors Ltd Com reported 3,136 shares or 0% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) reported 3,749 shares. Hsbc Pcl reported 5,192 shares or 0% of all its holdings. Mercer Cap Advisers reported 175 shares. Rmb Cap Limited Liability Company stated it has 0.16% of its portfolio in Cullen/Frost Bankers, Inc. (NYSE:CFR).

Among 18 analysts covering CullenFrost (NYSE:CFR), 3 have Buy rating, 2 Sell and 13 Hold. Therefore 17% are positive. CullenFrost had 86 analyst reports since July 30, 2015 according to SRatingsIntel. Jefferies maintained Cullen/Frost Bankers, Inc. (NYSE:CFR) on Friday, September 15 with “Hold” rating. Evercore downgraded Cullen/Frost Bankers, Inc. (NYSE:CFR) on Friday, September 11 to “Sell” rating. RBC Capital Markets maintained Cullen/Frost Bankers, Inc. (NYSE:CFR) on Thursday, July 30 with “Sector Perform” rating. On Wednesday, November 30 the stock rating was maintained by Wedbush with “Underperform”. On Thursday, September 28 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The firm has “Sector Perform” rating given on Thursday, January 21 by RBC Capital Markets. Maxim Group maintained Cullen/Frost Bankers, Inc. (NYSE:CFR) on Thursday, July 27 with “Buy” rating. The company was maintained on Tuesday, January 2 by Barclays Capital. The company was maintained on Friday, February 9 by Stephens. Raymond James downgraded the shares of CFR in report on Thursday, August 10 to “Underperform” rating.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Prnewswire.com which released: “IBM Signs $540M services agreement with Nordic’s Nordea Bank – PRNewswire” on January 08, 2019, also Fool.com with their article: “This Could Be an Important Earnings Report for IBM – The Motley Fool” published on January 16, 2019, published: “10 Stocks To Watch For January 22, 2019 – Benzinga” on January 22, 2019. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: and their article: “Jim Cramer Gives His Opinion On Barrick Gold, Exxon, Nike And More – Yahoo Finance” published on January 16, 2019 as well as Seekingalpha.com‘s news article titled: “International Business Machines declares $1.57 dividend – Seeking Alpha” with publication date: January 29, 2019.

Among 35 analysts covering International Business Machines (NYSE:IBM), 14 have Buy rating, 5 Sell and 16 Hold. Therefore 40% are positive. International Business Machines had 142 analyst reports since July 21, 2015 according to SRatingsIntel. JMP Securities initiated the stock with “Market Perform” rating in Friday, November 20 report. UBS upgraded International Business Machines Corporation (NYSE:IBM) on Wednesday, September 26 to “Buy” rating. Goldman Sachs maintained the shares of IBM in report on Tuesday, July 19 with “Neutral” rating. The firm earned “Sell” rating on Wednesday, April 19 by Societe Generale. The rating was maintained by Jefferies on Wednesday, July 12 with “Sell”. The firm has “Hold” rating by Cantor Fitzgerald given on Tuesday, April 19. The firm has “Neutral” rating given on Tuesday, October 18 by Goldman Sachs. The firm has “Neutral” rating given on Tuesday, July 19 by Citigroup. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, October 20. Bank of America upgraded the stock to “Buy” rating in Thursday, November 10 report.

Investors sentiment increased to 0.91 in 2018 Q3. Its up 0.01, from 0.9 in 2018Q2. It is positive, as 65 investors sold IBM shares while 594 reduced holdings. 116 funds opened positions while 481 raised stakes. 492.69 million shares or 0.61% more from 489.70 million shares in 2018Q2 were reported. Commerzbank Aktiengesellschaft Fi accumulated 0.59% or 412,548 shares. 200,021 are owned by Shell Asset Mgmt. Rhumbline Advisers holds 0.47% or 1.62 million shares. Afam Incorporated holds 1.04% or 49,197 shares in its portfolio. Pinnacle Fin Prns Inc holds 0.26% or 20,386 shares in its portfolio. Spectrum Management Gru Incorporated holds 2,900 shares or 0.14% of its portfolio. Payden Rygel accumulated 97,260 shares. Sterneck Mgmt Limited Liability Com, a Missouri-based fund reported 19,424 shares. Bessemer Group Inc Inc accumulated 856,253 shares or 0.48% of the stock. Tirschwell & Loewy invested in 0.15% or 7,956 shares. Torray Limited Liability Company has invested 1.59% in International Business Machines Corporation (NYSE:IBM). Bluestein R H And accumulated 6,903 shares. Moreover, Seabridge Invest Advsr Limited Liability has 3% invested in International Business Machines Corporation (NYSE:IBM) for 77,595 shares. Westpac Banking Corp invested in 103,166 shares or 0% of the stock. Nottingham Advsr holds 3,674 shares or 0.09% of its portfolio.