Thrivent Financial for Lutherans Sells 11,665 Shares of Comerica Incorporated $CMA

Thrivent Financial for Lutherans reduced its position in shares of Comerica Incorporated (NYSE:CMA) by 19.7% in the third quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Independent Advisor Alliance purchased a new stake in Comerica during the third quarter valued at $218,000. Arizona State Retirement System increased its holdings in shares of Comerica by 1.6% in the 3rd quarter. Arizona State Retirement System now owns 38,886 shares of the financial services provider’s stock worth $2,664,000 after buying an additional 595 shares during the last quarter. Impact Partnership Wealth LLC purchased a new stake in shares of Comerica during the 3rd quarter valued at about $249,000. AE Wealth Management LLC lifted its holdings in shares of Comerica by 11.7% in the 3rd quarter. AE Wealth Management LLC now owns 11,503 shares of the financial services provider’s stock valued at $788,000 after acquiring an additional 1,206 shares during the last quarter. Finally, LRI Investments LLC bought a new position in shares of Comerica in the 3rd quarter valued at about $99,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comerica

In other Comerica news, insider James Mcgregor Carr sold 10,000 shares of Comerica stock in a transaction 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 sale, the insider directly owned 23,959 shares of the company’s stock, valued at $2,349,419.54. The trade was a 29.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James Harry Weber sold 8,798 shares of the company’s 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 completion of the sale, the executive vice president owned 20,543 shares of the company’s stock, valued at $2,014,035.72. This represents a 29.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 27,662 shares of company stock valued at $2,680,538. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CMA. Wells Fargo & Company upped their price objective on Comerica from $65.00 to $97.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Evercore set a $89.00 target price on Comerica in a research report on Tuesday, January 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Comerica in a research report on Wednesday, January 21st. UBS Group upgraded shares of Comerica from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research report on Tuesday, January 6th. Finally, TD Cowen reissued a “hold” rating on shares of Comerica in a research note on Wednesday, January 7th. 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 company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $79.56.

Comerica Stock Down 2.0%

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

Comerica (NYSE:CMA) last posted its quarterly 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. Comerica had a net margin of 15.07% and a return on equity of 10.74%. The company had revenue of $850.00 million for the quarter, compared to the consensus estimate of $851.32 million. During the same quarter last year, the firm posted $1.20 EPS. Analysts anticipate that Comerica Incorporated will post 5.28 EPS 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.