James Mcgregor Carr Sells 10,000 Shares of Comerica (NYSE:CMA) Stock

Comerica Incorporated (NYSE:CMA) insider James Mcgregor Carr sold 10,000 shares of the stock in a transaction 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 transaction, the insider 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Comerica Price Performance

NYSE CMA opened at $94.71 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.77. The company has a market cap of $12.10 billion, a PE ratio of 17.90 and a beta of 1.03. Comerica Incorporated has a 52 week low of $48.12 and a 52 week high of $99.41. The firm’s 50-day simple moving average is $86.73 and its two-hundred day simple moving average is $76.57.

Comerica (NYSE:CMA) last announced its quarterly 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. The company had revenue of $850.00 million for the quarter, compared to analysts’ expectations of $851.32 million. Comerica had a net margin of 15.07% and a return on equity of 10.92%. During the same period in the prior year, the company posted $1.20 EPS. Research analysts predict that Comerica Incorporated will post 5.28 earnings per share for the current year.

Comerica Announces Dividend

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

Wall Street Analyst Weigh In

CMA has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Comerica in a report on Wednesday. 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. Royal Bank Of Canada raised 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 reaffirmed a “market perform” rating and set a $93.00 target price (up previously from $73.00) on shares of Comerica in a report on Friday, October 10th. Finally, Citigroup increased 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. Three research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $79.56.

Hedge Funds Weigh In On Comerica

A number of institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in shares of Comerica by 466.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,291,514 shares of the financial services provider’s stock worth $499,615,000 after acquiring an additional 6,003,703 shares during the last quarter. HoldCo Asset Management LP purchased a new stake in Comerica during the third quarter valued at about $156,939,000. Norges Bank bought a new stake in Comerica during the second quarter worth about $97,138,000. Primecap Management Co. CA boosted its holdings in shares of Comerica by 55.3% in the 2nd quarter. Primecap Management Co. CA now owns 2,593,800 shares of the financial services provider’s stock worth $154,720,000 after purchasing an additional 923,690 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Comerica by 43.3% during the 3rd quarter. Invesco Ltd. now owns 1,955,634 shares of the financial services provider’s stock valued at $134,000,000 after purchasing an additional 591,265 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

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.