Cullen/Frost Bankers, Inc. $CFR Shares Sold by TCTC Holdings LLC

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TCTC Holdings LLC reduced its stake in Cullen/Frost Bankers (NYSE:CFR) by 5.2% in the third quarter, selling 12,050 shares and retaining 218,220 shares valued at $27.66 million. Concurrently, other institutional investors also adjusted their holdings in the company. Analysts maintain a “Hold” rating with a consensus price target of $140.92, while the bank reported strong quarterly earnings of $2.56 per share, beating estimates, and declared a quarterly dividend of $1.00.

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