Thrivent Financial for Lutherans Cuts Stock Holdings in Comerica Incorporated $CMA

Thrivent Financial for Lutherans lowered its holdings in Comerica Incorporated (NYSE:CMA) by 19.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 47,435 shares of the financial services provider’s stock after selling 11,665 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Comerica were worth $3,251,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Comerica by 60.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,755 shares of the financial services provider’s stock worth $2,761,000 after buying an additional 17,552 shares in the last quarter. Empowered Funds LLC raised its position in shares of Comerica by 12.6% in the 1st 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 in the last quarter. Geneos Wealth Management Inc. raised its position in shares of 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 acquiring an additional 176 shares in the last quarter. US Bancorp DE lifted its stake in shares of Comerica by 10.1% during the 2nd quarter. US Bancorp DE now owns 10,403 shares of the financial services provider’s stock worth $621,000 after purchasing an additional 952 shares during the last quarter. Finally, Callan Family Office LLC bought a new stake in Comerica during the second quarter valued at about $248,000. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMA has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Comerica in a report on Wednesday, January 21st. TD Cowen reiterated a “hold” rating on shares of Comerica in a research note on Wednesday, January 7th. Evercore set a $89.00 target price on shares of Comerica in a research note on Tuesday, January 6th. Wells Fargo & Company upped their price target on Comerica from $65.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Finally, UBS Group upgraded Comerica from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $79.56.

Insider Transactions at Comerica

In other Comerica news, EVP Allysun C. Fleming sold 8,864 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $94.47, for a total transaction of $837,382.08. Following the completion of the transaction, the executive vice president directly owned 4,785 shares of the company’s stock, valued at approximately $452,038.95. This trade represents a 64.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James Mcgregor Carr sold 10,000 shares of Comerica stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $98.06, for a total transaction of $980,600.00. Following the sale, the insider owned 23,959 shares of the company’s stock, valued at approximately $2,349,419.54. The trade was a 29.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,662 shares of company stock worth $2,680,538 over the last three months. 1.10% of the stock is currently owned by insiders.

Comerica Trading Down 2.0%

NYSE:CMA opened at $90.98 on Monday. The company has a market capitalization of $11.63 billion, a P/E ratio of 17.20 and a beta of 1.04. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.74. Comerica Incorporated has a 12 month low of $48.12 and a 12 month high of $99.41. The firm has a fifty day simple moving average of $89.52 and a 200-day simple moving average of $78.67.

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

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.