Cullen/Frost Bankers, Inc. (NYSE: CFR) Sees Strong Institutional Interest Amidst "Overweight" Rating

• Morgan Stanley reiterated an "Overweight" rating for Cullen/Frost Bankers, Inc. (NYSE: CFR), raising its price target to $201.00.
• Several major institutional investors, including State Street Corp and BlackRock Inc., have significantly increased their holdings or initiated new positions in the company.
• While most institutions showed confidence, Bank of America Corp DE notably reduced its stake in the financial holding company.

Cullen/Frost Bankers, Inc. (NYSE: CFR) is a prominent financial holding company that provides a wide range of banking services. The company has a market capitalization of approximately $9.78 billion. Market capitalization represents the total market value of a company's outstanding shares and is used to estimate its size and investment appeal.

On September 28, 2026, leading investment firm Morgan Stanley (NYSE: MS) reiterated its "Overweight" rating for Cullen/Frost Bankers. An "Overweight" rating means the firm believes the stock will perform better than the average stock in its sector. As highlighted by TheFly, Morgan Stanley also increased its price target to $201.00 from $200.00, signaling a positive analyst outlook.

This positive outlook is reflected in the actions of major institutional investors. State Street Corp (NYSE: STT) recently increased its stake in Cullen/Frost Bankers by 3.8%, acquiring an additional 118,313 shares. This brings its total ownership to 3.2 million shares, which are valued at nearly $497.30 million and represent 5.18% of the company, highlighting significant investment activity.

Other large investors have also shown significant interest. BlackRock Inc. (NYSE: BLK) purchased a new position in the company worth over $1.10 billion. In addition, Norges Bank and Jupiter Topco LLC acquired new stakes valued at approximately $92.90 million and $94.30 million, respectively, showing broad institutional confidence in the bank's future prospects.

In a contrasting move, Bank of America Corp DE (NYSE: BAC) reduced its position by 20.5%, selling 248,412 shares. The firm's remaining stake is now 962,310 shares, valued at about $148.70 million. This sale stands out against the significant buying activity from other large financial institutions during the same period, indicating diverse investment trends.