Comerica (NYSE:CMA) EVP Sells $837,382.08 in Stock

Comerica Incorporated (NYSE:CMA) EVP Allysun Fleming sold 8,864 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $94.47, for a total value of $837,382.08. Following the completion of the transaction, the executive vice president owned 4,785 shares of the company’s stock, valued at $452,038.95. The trade was a 64.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Comerica Stock Performance

NYSE:CMA opened at $91.26 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.74. Comerica Incorporated has a fifty-two week low of $48.12 and a fifty-two week high of $99.41. The stock has a market cap of $11.66 billion, a PE ratio of 17.25 and a beta of 1.03. The firm’s fifty day simple moving average is $88.40 and its 200-day simple moving average is $77.62.

Comerica (NYSE:CMA) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.46 EPS for the quarter, beating the consensus estimate of $1.28 by $0.18. The firm had revenue of $850.00 million during the quarter, compared to analysts’ expectations of $851.32 million. Comerica had a net margin of 15.07% and a return on equity of 10.74%. During the same quarter last year, the business earned $1.20 earnings per share. Analysts expect that Comerica Incorporated will post 5.28 earnings per share for the current fiscal year.

Comerica Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Monday, December 15th were paid a dividend of $0.71 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.84 annualized dividend and a dividend yield of 3.1%. Comerica’s payout ratio is 53.69%.

Institutional Trading of Comerica

A number of hedge funds have recently bought and sold shares of CMA. Bank of New York Mellon Corp raised its holdings in Comerica by 466.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,291,514 shares of the financial services provider’s stock valued at $499,615,000 after acquiring an additional 6,003,703 shares during the last quarter. HoldCo Asset Management LP purchased a new stake in shares of Comerica in the third quarter valued at $156,939,000. Norges Bank purchased a new stake in shares of Comerica in the second quarter valued at $97,138,000. Primecap Management Co. CA increased its stake in Comerica by 55.3% in the second quarter. Primecap Management Co. CA now owns 2,593,800 shares of the financial services provider’s stock valued at $154,720,000 after purchasing an additional 923,690 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Comerica by 43.3% during the third quarter. Invesco Ltd. now owns 1,955,634 shares of the financial services provider’s stock worth $134,000,000 after buying an additional 591,265 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Comerica in a report on Wednesday, January 21st. Piper Sandler set a $82.00 price target on Comerica and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Wells Fargo & Company boosted their price objective on shares of Comerica from $65.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $93.00 target price (up from $73.00) on shares of Comerica in a report on Friday, October 10th. Finally, UBS Group raised shares of Comerica from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a report on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $79.56.

About Comerica

Comerica Incorporated is a diversified financial services company headquartered in Dallas, Texas, operating as Comerica Bank. The company offers a comprehensive suite of banking and financial solutions to businesses, professionals, and individuals. Its principal business activities encompass commercial banking services—such as treasury management, lending, and international trade finance—alongside retail banking products like deposit accounts, consumer loans, and credit cards. In addition, Comerica provides wealth management and trust services, financial advisory, and capital markets solutions to support clients’ complex financial needs.

Established in Detroit in 1849 as the Detroit Savings Fund Institute, Comerica has evolved over more than 170 years to become a regional banking leader.