James Harry Weber Sells 8,798 Shares of Comerica (NYSE:CMA) Stock

Comerica Incorporated (NYSE:CMA) EVP James Harry Weber sold 8,798 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $98.04, for a total transaction of $862,555.92. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Comerica Trading Down 0.3%

CMA opened at $94.71 on Friday. The stock has a market capitalization of $12.10 billion, a PE ratio of 17.90 and a beta of 1.03. Comerica Incorporated has a one year low of $48.12 and a one year high of $99.41. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50 day moving average price is $86.73 and its 200 day moving average price is $76.57.

Comerica (NYSE:CMA) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.18. Comerica had a return on equity of 10.92% and a net margin of 15.07%.The company had revenue of $850.00 million for the quarter, compared to the consensus estimate of $851.32 million. During the same quarter in the previous year, the business earned $1.20 earnings per share. As a group, equities research analysts expect that Comerica Incorporated will post 5.28 EPS for the current year.

Comerica Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Monday, December 15th were given a $0.71 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.84 dividend on an annualized basis and a yield of 3.0%. Comerica’s dividend payout ratio is presently 53.69%.

Analysts Set New Price Targets

CMA has been the topic of a number of research analyst reports. Piper Sandler set a $82.00 price target on shares of Comerica and gave the company a “neutral” rating in a research note on Tuesday, October 7th. TD Cowen reissued a “hold” rating on shares of Comerica in a research report on Wednesday, January 7th. UBS Group upgraded Comerica from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a research report on Tuesday, January 6th. Evercore ISI set a $89.00 price objective on Comerica in a research note on Tuesday, January 6th. Finally, Jefferies Financial Group increased their target price on Comerica from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Tuesday, October 7th. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $79.56.

Institutional Trading of Comerica

A number of large investors have recently made changes to their positions in CMA. Greenleaf Trust raised its holdings in Comerica by 1.7% in the third quarter. Greenleaf Trust now owns 7,753 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 131 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Comerica by 0.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 30,380 shares of the financial services provider’s stock valued at $2,082,000 after purchasing an additional 131 shares during the last quarter. Cresset Asset Management LLC raised its holdings in shares of Comerica by 2.8% in the 3rd quarter. Cresset Asset Management LLC now owns 5,073 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 139 shares in the last quarter. Center for Financial Planning Inc. lifted its position in shares of Comerica by 41.2% during the 3rd quarter. Center for Financial Planning Inc. now owns 514 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 150 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC grew its stake in shares of Comerica by 2.0% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 8,272 shares of the financial services provider’s stock worth $567,000 after purchasing an additional 159 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Comerica Company Profile

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.