Allianz Asset Management GmbH Lowers Holdings in Comerica Incorporated $CMA

Allianz Asset Management GmbH trimmed its stake in Comerica Incorporated (NYSE:CMA) by 8.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 158,137 shares of the financial services provider’s stock after selling 14,230 shares during the quarter. Allianz Asset Management GmbH owned 0.12% of Comerica worth $10,836,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. United Community Bank purchased a new stake in Comerica during the 3rd quarter valued at about $26,000. FNY Investment Advisers LLC bought a new position in shares of Comerica in the second quarter worth approximately $35,000. Geneos Wealth Management Inc. grew its holdings in shares of Comerica by 41.8% during the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $35,000 after buying an additional 176 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Comerica during the third quarter valued at approximately $40,000. Finally, Employees Retirement System of Texas purchased a new position in Comerica in the 2nd quarter worth approximately $48,000. 80.74% of the stock is currently owned by institutional investors.

Comerica Stock Down 2.0%

NYSE CMA opened at $90.98 on Monday. Comerica Incorporated has a 52 week low of $48.12 and a 52 week high of $99.41. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $11.63 billion, a P/E ratio of 17.20 and a beta of 1.04. The stock’s 50-day moving average price is $89.52 and its 200-day moving average price is $78.67.

Comerica (NYSE:CMA) last released its earnings results on Tuesday, January 20th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.18. The company had revenue of $850.00 million during the quarter, compared to analyst estimates of $851.32 million. Comerica had a net margin of 15.07% and a return on equity of 10.74%. During the same period in the prior year, the firm posted $1.20 EPS. On average, equities research analysts predict that Comerica Incorporated will post 5.28 earnings per share for the current year.

Insider Activity

In other Comerica news, EVP Allysun C. Fleming sold 8,864 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $94.47, for a total value of $837,382.08. Following the sale, the executive vice president owned 4,785 shares in the company, valued at $452,038.95. The trade was a 64.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Mcgregor Carr sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The shares were 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 approximately $2,349,419.54. The trade was a 29.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,662 shares of company stock worth $2,680,538 over the last quarter. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. TD Cowen reiterated a “hold” rating on shares of Comerica in a report on Wednesday, January 7th. Wells Fargo & Company lifted their price target on shares of Comerica from $65.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Evercore set a $89.00 price objective on shares of Comerica in a research report on Tuesday, January 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Comerica in a report on Wednesday, January 21st. Finally, Citigroup lifted their target price on shares of Comerica from $82.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 30th. Three 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.