Principal Financial Group Inc. Sells 26,325 Shares of Cullen/Frost Bankers, Inc. $CFR

Posted by Francis Steltz on Jul 16th, 2026

Principal Financial Group Inc. lowered its stake in Cullen/Frost Bankers, Inc. (NYSE:CFR – Free Report) by 3.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 662,327 shares of the bank’s stock after selling 26,325 shares during the quarter. Principal Financial Group Inc.’s holdings in Cullen/Frost Bankers were worth $90,794,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new stake in Cullen/Frost Bankers during the 3rd quarter valued at $28,000. Covestor Ltd boosted its stake in shares of Cullen/Frost Bankers by 67.6% in the 4th quarter. Covestor Ltd now owns 248 shares of the bank’s stock worth $31,000 after buying an additional 100 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Cullen/Frost Bankers by 252.1% in the fourth quarter. Blue Trust Inc. now owns 257 shares of the bank’s stock worth $33,000 after acquiring an additional 184 shares during the period. Matrix Trust Co increased its position in Cullen/Frost Bankers by 40.4% during the fourth quarter. Matrix Trust Co now owns 320 shares of the bank’s stock valued at $41,000 after acquiring an additional 92 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Cullen/Frost Bankers by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 366 shares of the bank’s stock valued at $46,000 after acquiring an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Cullen/Frost Bankers Stock Performance

Shares of CFR opened at $158.71 on Thursday. The business has a 50-day simple moving average of $145.13 and a two-hundred day simple moving average of $140.95. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. Cullen/Frost Bankers, Inc. has a 52 week low of $119.00 and a 52 week high of $159.54. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 2.81 and a beta of 0.54.

Cullen/Frost Bankers (NYSE:CFR – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The bank reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.16. The firm had revenue of $574.84 million for the quarter, compared to analysts’ expectations of $587.28 million. Cullen/Frost Bankers had a return on equity of 15.58% and a net margin of 22.86%.During the same period in the previous year, the firm earned $2.30 EPS. On average, analysts expect that Cullen/Frost Bankers, Inc. will post 10.57 EPS for the current year.

Cullen/Frost Bankers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Cullen/Frost Bankers’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Friday, May 29th. Cullen/Frost Bankers’s dividend payout ratio is currently 40.12%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CFR. DA Davidson raised their target price on Cullen/Frost Bankers from $143.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Morgan Stanley upped their price target on shares of Cullen/Frost Bankers from $133.00 to $141.00 and gave the company an “underweight” rating in a research report on Monday, June 29th. Raymond James Financial reiterated a “market perform” rating on shares of Cullen/Frost Bankers in a research note on Wednesday, July 1st. Jefferies Financial Group raised shares of Cullen/Frost Bankers from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $135.00 to $160.00 in a report on Monday, July 6th. Finally, Stephens upgraded shares of Cullen/Frost Bankers from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Cullen/Frost Bankers has a consensus rating of “Hold” and a consensus price target of $152.42.

Read Our Latest Research Report on Cullen/Frost Bankers

Insider Activity

In other news, EVP Carol Jean Severyn sold 837 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $148.29, for a total transaction of $124,118.73. Following the sale, the executive vice president directly owned 12,712 shares in the company, valued at $1,885,062.48. This trade represents a 6.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.14% of the stock is currently owned by company insiders.

Cullen/Frost Bankers Company Profile

(Free Report)

Cullen/Frost Bankers, Inc is the holding company for Frost Bank, a Texas-chartered financial institution whose origins date back to 1868 in San Antonio. As one of the oldest banking organizations in the state, it offers a broad range of services to individuals, small and large businesses, and institutional clients. Core banking activities include commercial lending, deposit services, cash management and trade finance, while consumer products cover residential mortgages, personal lines of credit and home equity loans.

Beyond traditional banking, the company provides comprehensive treasury and equipment leasing solutions tailored to support working capital and capital expenditure requirements.