Comerica (NYSE:CMA) EVP Allysun Fleming Sells 8,864 Shares

Comerica Incorporated (NYSE:CMA) EVP Allysun Fleming sold 8,864 shares of the business’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $94.47, for a total value of $837,382.08. Following the completion of the transaction, the executive vice president owned 4,785 shares of the company’s stock, valued at $452,038.95. This represents a 64.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Comerica Stock Performance

Shares of Comerica stock traded up $0.13 during trading on Thursday, hitting $92.82. 3,124,265 shares of the company’s stock traded hands, compared to its average volume of 1,816,496. Comerica Incorporated has a 1 year low of $48.12 and a 1 year high of $99.41. The business has a 50-day simple moving average of $87.80 and a 200-day simple moving average of $77.21. The stock has a market capitalization of $11.86 billion, a P/E ratio of 17.55 and a beta of 1.03. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.97 and a quick 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, beating the consensus estimate of $1.28 by $0.18. The business 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 10.74%. During the same quarter in the prior year, the business earned $1.20 EPS. As a group, analysts forecast that Comerica Incorporated will post 5.28 EPS for the current year.

Comerica Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Monday, December 15th were paid a dividend of $0.71 per share. The ex-dividend date was Monday, December 15th. This represents a $2.84 dividend on an annualized basis and a yield of 3.1%. Comerica’s payout ratio is currently 53.69%.

Institutional Investors Weigh In On Comerica

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group raised shares of Comerica from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a report on Tuesday, January 6th. Evercore ISI set a $89.00 price target on shares of Comerica in a research note on Tuesday, January 6th. Morgan Stanley raised shares of Comerica from an “underweight” rating to an “equal weight” rating and set a $83.00 price objective for the company in a research report on Tuesday, October 7th. Citigroup raised their target price on Comerica from $82.00 to $88.00 and gave the stock a “neutral” rating in a report on Tuesday, December 30th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Comerica in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.