Comerica (NYSE:CMA) Insider James Mcgregor Carr Sells 10,000 Shares of 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 transaction of $980,600.00. Following the sale, the insider directly owned 23,959 shares in the company, valued at $2,349,419.54. This trade represents a 29.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Comerica Stock Down 0.3%

CMA opened at $94.71 on Friday. The company has a fifty day moving average of $86.73 and a two-hundred day moving average of $76.47. The stock has a market capitalization of $12.10 billion, a price-to-earnings ratio of 17.90 and a beta of 1.03. Comerica Incorporated has a fifty-two week low of $48.12 and a fifty-two week 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.

Comerica (NYSE:CMA) last posted 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. Comerica had a net margin of 15.07% and a return on equity of 10.92%. The business had revenue of $850.00 million for the quarter, compared to analyst estimates of $851.32 million. During the same period in the prior year, the company posted $1.20 EPS. On average, research analysts expect that Comerica Incorporated will post 5.28 earnings per share for the current year.

Comerica Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Monday, December 15th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a 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%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in Comerica by 466.2% during the third 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 buying an additional 6,003,703 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Comerica by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,884,169 shares of the financial services provider’s stock valued at $403,187,000 after acquiring an additional 53,243 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Comerica by 1.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,741,310 shares of the financial services provider’s stock valued at $282,819,000 after purchasing an additional 77,869 shares during the period. Primecap Management Co. CA grew its holdings in shares of Comerica by 1.2% in the third quarter. Primecap Management Co. CA now owns 2,625,625 shares of the financial services provider’s stock valued at $179,908,000 after purchasing an additional 31,825 shares during the period. Finally, Geode Capital Management LLC increased its position in Comerica by 3.0% during the second quarter. Geode Capital Management LLC now owns 2,579,763 shares of the financial services provider’s stock worth $153,905,000 after purchasing an additional 73,971 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CMA shares. UBS Group upgraded Comerica from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research report on Tuesday, January 6th. Royal Bank Of Canada increased their price objective on shares of Comerica from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Citigroup lifted their target price on shares of Comerica from $82.00 to $88.00 and gave the company a “neutral” rating in a research report on Tuesday, December 30th. TD Cowen reissued a “hold” rating on shares of Comerica in a research note on Wednesday, January 7th. Finally, Jefferies Financial Group upped their price target on shares of Comerica from $75.00 to $85.00 and gave the stock a “hold” rating in a research report on Tuesday, October 7th. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Comerica has an average rating of “Hold” and an average price target of $79.56.

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.