CIBC Private Wealth Group Reduces Cullen/Frost Bankers Stake

The firm sold over 53,000 shares of the Texas bank's stock in the third quarter.

Mar. 22, 2026 at 7:40am

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CIBC Private Wealth Group LLC lowered its holdings in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 60.5% during the 3rd quarter, according to the company's disclosure with the Securities & Exchange Commission. The firm now owns 35,131 shares of the bank's stock, down from 88,974 shares previously.

Why it matters

Cullen/Frost Bankers is one of the oldest banking organizations in Texas, offering a range of commercial and consumer financial services. The reduction in CIBC Private Wealth Group's stake could signal a shift in the firm's investment strategy or outlook on the bank's performance.

The details

CIBC Private Wealth Group sold 53,843 shares of Cullen/Frost Bankers during the 3rd quarter, leaving it with a 0.05% ownership stake in the company worth $4.45 million. Other institutional investors have also made changes to their Cullen/Frost Bankers holdings, with some increasing and others decreasing their positions.

  • CIBC Private Wealth Group disclosed the share sale in a filing on March 22, 2026.
  • The transactions occurred during the 3rd quarter of the previous year.

The players

CIBC Private Wealth Group LLC

An investment management firm that previously held a larger stake in Cullen/Frost Bankers.

Cullen/Frost Bankers, Inc.

A Texas-based bank holding company that provides commercial and consumer financial services.

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The takeaway

The reduction in CIBC Private Wealth Group's position in Cullen/Frost Bankers suggests a potential shift in the firm's investment strategy for the Texas bank, though the reasons behind the sale are not entirely clear from the available information.