Strs Ohio Decreases Stock Holdings in Comerica Incorporated $CMA

Strs Ohio lessened its stake in Comerica Incorporated (NYSE:CMA) by 89.0% in the third quarter, HoldingsChannel reports. The firm owned 3,052 shares of the financial services provider’s stock after selling 24,575 shares during the period. Strs Ohio’s holdings in Comerica were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Comerica by 60.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,755 shares of the financial services provider’s stock worth $2,761,000 after purchasing an additional 17,552 shares during the period. Empowered Funds LLC raised its position in Comerica by 12.6% in the first quarter. Empowered Funds LLC now owns 6,464 shares of the financial services provider’s stock worth $382,000 after acquiring an additional 724 shares during the period. Geneos Wealth Management Inc. raised its holdings in Comerica by 41.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 176 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Comerica by 11.6% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,580 shares of the financial services provider’s stock valued at $7,133,000 after purchasing an additional 12,407 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in Comerica by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 37,000 shares of the financial services provider’s stock worth $2,207,000 after buying an additional 200 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Comerica Trading Down 2.0%

Shares of CMA opened at $90.98 on Tuesday. The stock has a market capitalization of $11.63 billion, a PE ratio of 17.20 and a beta of 1.04. The company’s fifty day moving average is $88.66 and its 200 day moving average is $77.94. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.96 and a current ratio of 0.97. Comerica Incorporated has a fifty-two week low of $48.12 and a fifty-two week high of $99.41.

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

Analysts Set New Price Targets

CMA has been the subject of a number of recent research reports. TD Cowen reiterated a “hold” rating on shares of Comerica in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $93.00 price target (up from $73.00) on shares of Comerica in a research report on Friday, October 10th. Morgan Stanley upgraded Comerica from an “underweight” rating to an “equal weight” rating and set a $83.00 price target for the company in a research note on Tuesday, October 7th. Jefferies Financial Group boosted their price objective on Comerica from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Comerica in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Comerica presently has a consensus rating of “Hold” and an average target price of $79.56.

Insider Activity

In related news, EVP Allysun C. 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 transaction of $837,382.08. Following the sale, the executive vice president owned 4,785 shares in the company, valued at approximately $452,038.95. This represents a 64.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP James Harry Weber sold 8,798 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $98.04, for a total transaction of $862,555.92. Following the transaction, the executive vice president owned 20,543 shares in the company, valued at $2,014,035.72. The trade was a 29.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 27,662 shares of company stock valued at $2,680,538. 1.10% of the stock is currently owned by insiders.

Comerica Company Profile

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.