AlphaQuest LLC Cuts Stake in Comerica Incorporated $CMA

AlphaQuest LLC lessened its stake in shares of Comerica Incorporated (NYSE:CMA) by 81.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,075 shares of the financial services provider’s stock after selling 13,909 shares during the quarter. AlphaQuest LLC’s holdings in Comerica were worth $211,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Comerica by 60.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,755 shares of the financial services provider’s stock valued at $2,761,000 after acquiring an additional 17,552 shares during the period. Empowered Funds LLC lifted its stake in Comerica by 12.6% in the first quarter. Empowered Funds LLC now owns 6,464 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 724 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Comerica by 41.8% during the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 176 shares during the period. US Bancorp DE increased its position in Comerica by 10.1% in the second quarter. US Bancorp DE now owns 10,403 shares of the financial services provider’s stock worth $621,000 after buying an additional 952 shares during the last quarter. Finally, Callan Family Office LLC bought a new stake in shares of Comerica in the second quarter valued at $248,000. Institutional investors own 80.74% of the company’s stock.

Insider Transactions at Comerica

In other Comerica news, EVP Allysun C. Fleming sold 8,864 shares of Comerica 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 sale, the executive vice president directly owned 4,785 shares in the company, valued at $452,038.95. The trade was a 64.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James Mcgregor Carr sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $98.06, for a total transaction of $980,600.00. Following the completion of the transaction, the insider directly owned 23,959 shares of the company’s stock, valued at approximately $2,349,419.54. This represents a 29.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 27,662 shares of company stock valued at $2,680,538. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CMA has been the subject of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Comerica in a research note on Wednesday, January 21st. Evercore set a $89.00 target price on shares of Comerica in a research report on Tuesday, January 6th. TD Cowen reiterated a “hold” rating on shares of Comerica in a research note on Wednesday, January 7th. UBS Group upgraded shares of Comerica from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a research note on Tuesday, January 6th. Finally, Wells Fargo & Company raised their price objective on shares of Comerica from $65.00 to $97.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Three equities 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $79.56.

Comerica Trading Down 2.0%

Comerica stock opened at $90.98 on Wednesday. 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. The stock has a market cap of $11.63 billion, a P/E ratio of 17.20 and a beta of 1.04. The firm’s fifty day moving average price is $89.92 and its 200-day moving average price is $78.99.

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