Strs Ohio Sells 24,575 Shares of Comerica Incorporated $CMA

Strs Ohio cut its position in shares of Comerica Incorporated (NYSE:CMA) by 89.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,052 shares of the financial services provider’s stock after selling 24,575 shares during the quarter. Strs Ohio’s holdings in Comerica were worth $209,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. purchased a new position in Comerica in the 3rd quarter worth approximately $1,160,000. Gateway Investment Advisers LLC grew its holdings in shares of Comerica by 87.6% in the third quarter. Gateway Investment Advisers LLC now owns 50,686 shares of the financial services provider’s stock worth $3,473,000 after purchasing an additional 23,675 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Comerica by 37.5% in the third quarter. Nisa Investment Advisors LLC now owns 69,132 shares of the financial services provider’s stock worth $4,792,000 after buying an additional 18,864 shares during the period. First Trust Advisors LP raised its holdings in Comerica by 11.9% during the 2nd quarter. First Trust Advisors LP now owns 654,103 shares of the financial services provider’s stock valued at $39,017,000 after buying an additional 69,392 shares during the last quarter. Finally, Applied Finance Capital Management LLC purchased a new stake in Comerica during the 2nd quarter valued at $207,000. Institutional investors own 80.74% of the company’s stock.

Comerica Trading Down 2.0%

CMA opened at $90.98 on Tuesday. 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 52 week low of $48.12 and a 52 week high of $99.41. The stock has a market cap of $11.63 billion, a PE ratio of 17.20 and a beta of 1.04. The business has a 50 day moving average of $88.66 and a 200-day moving average of $77.94.

Comerica (NYSE:CMA) last posted its quarterly earnings data 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. The business had revenue of $850.00 million during the quarter, compared to the consensus estimate of $851.32 million. Comerica had a return on equity of 10.74% and a net margin of 15.07%.During the same quarter in the prior year, the company earned $1.20 earnings per share. Equities research analysts predict that Comerica Incorporated will post 5.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP James Harry Weber sold 8,798 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $98.04, for a total value of $862,555.92. Following the sale, the executive vice president directly owned 20,543 shares of the company’s stock, valued at approximately $2,014,035.72. This represents a 29.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Allysun C. Fleming sold 8,864 shares of Comerica stock in a transaction dated 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 directly owned 4,785 shares of the company’s stock, valued at approximately $452,038.95. This represents a 64.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,662 shares of company stock worth $2,680,538 in the last three months. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CMA. Royal Bank Of Canada boosted their price objective on shares of Comerica from $75.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $93.00 price target (up previously from $73.00) on shares of Comerica in a report on Friday, October 10th. 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Comerica in a research report on Wednesday, January 21st. Finally, Piper Sandler set a $82.00 target price on Comerica and gave the company a “neutral” rating in a report on Tuesday, October 7th. Three analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Comerica 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.