Comerica Incorporated (NYSE:CMA) Given Average Rating of “Hold” by Brokerages

Comerica Incorporated (NYSE:CMA) has been assigned an average recommendation of “Hold” from the nineteen research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $79.5556.

A number of research firms recently weighed in on CMA. Citigroup upped their target price on shares of Comerica from $82.00 to $88.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 30th. TD Cowen reiterated a “hold” rating on shares of Comerica in a report on Wednesday, January 7th. Evercore set a $89.00 price objective on shares of Comerica in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Comerica in a research report on Wednesday, January 21st. Finally, UBS Group raised Comerica from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a report on Tuesday, January 6th.

Insider Transactions at Comerica

In other news, EVP James Harry Weber sold 8,798 shares of the stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $98.04, for a total value of $862,555.92. Following the transaction, the executive vice president owned 20,543 shares in the company, valued at approximately $2,014,035.72. This represents a 29.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 value 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 position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 27,662 shares of company stock valued at $2,680,538. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CMA. DGS Capital Management LLC acquired a new stake in shares of Comerica in the fourth quarter valued at approximately $225,000. Virtu Financial LLC purchased a new stake in Comerica in the 4th quarter valued at $3,428,000. Compound Planning Inc. boosted its stake in Comerica by 18.3% during the 4th quarter. Compound Planning Inc. now owns 4,396 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 679 shares during the period. Invesco Ltd. grew its position in Comerica by 4.2% during the 4th quarter. Invesco Ltd. now owns 2,038,272 shares of the financial services provider’s stock worth $177,187,000 after purchasing an additional 82,638 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in Comerica by 5.8% during the 4th quarter. Corient Private Wealth LLC now owns 52,822 shares of the financial services provider’s stock worth $4,594,000 after purchasing an additional 2,900 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Comerica Stock Down 2.0%

Shares of NYSE CMA opened at $90.98 on Monday. The stock has a market cap of $11.63 billion, a P/E ratio of 17.20 and a beta of 1.04. The business’s fifty day simple moving average is $91.04 and its 200-day simple moving average is $81.14. Comerica has a 12-month low of $48.12 and a 12-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.

Comerica (NYSE:CMA) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.18. The company had revenue of $850.00 million for 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 business earned $1.20 EPS. As a group, equities analysts predict that Comerica will post 5.28 EPS 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.