Allysun Fleming Sells 8,864 Shares of Comerica (NYSE:CMA) Stock

Comerica Incorporated (NYSE:CMA) EVP Allysun Fleming sold 8,864 shares of Comerica stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Comerica Price Performance

Shares of Comerica stock opened at $91.26 on Friday. The business has a 50 day moving average of $88.40 and a 200 day moving average of $77.51. Comerica Incorporated has a 52 week low of $48.12 and a 52 week high of $99.41. The company has a market cap of $11.66 billion, a PE ratio of 17.25 and a beta of 1.03. 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 (NYSE:CMA) last released its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.46 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $851.32 million. During the same quarter in the previous year, the business posted $1.20 earnings per share. As a group, equities research analysts forecast that Comerica Incorporated will post 5.28 earnings per share for the current year.

Comerica Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have weighed in on CMA shares. Citigroup lifted their price objective on Comerica from $82.00 to $88.00 and gave the company a “neutral” rating in a research report on Tuesday, December 30th. UBS Group upgraded Comerica from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a research report on Tuesday, January 6th. 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Comerica in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada boosted their target price on shares of Comerica from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Three research analysts have rated the stock with a Buy rating, fifteen have given 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 a consensus price target of $79.56.

Hedge Funds Weigh In On Comerica

Several large investors have recently modified their holdings of CMA. United Community Bank purchased a new stake in Comerica during the 3rd quarter valued at about $26,000. JPL Wealth Management LLC bought a new position in shares of Comerica in the third quarter worth approximately $27,000. FNY Investment Advisers LLC purchased a new stake in shares of Comerica during the second quarter valued at approximately $35,000. Center for Financial Planning Inc. increased its position in shares of Comerica by 41.2% during the third quarter. Center for Financial Planning Inc. now owns 514 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 150 shares in the last quarter. Finally, 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 acquiring an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

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.