Tredje AP fonden Purchases 9,808 Shares of Comerica Incorporated $CMA

Tredje AP fonden lifted its position in shares of Comerica Incorporated (NYSE:CMA) by 54.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,741 shares of the financial services provider’s stock after purchasing an additional 9,808 shares during the period. Tredje AP fonden’s holdings in Comerica were worth $1,901,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. United Community Bank bought a new position in Comerica during the third quarter worth about $26,000. Center for Financial Planning Inc. lifted its position in shares of Comerica by 41.2% in the third quarter. Center for Financial Planning Inc. now owns 514 shares of the financial services provider’s stock valued at $35,000 after buying an additional 150 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Comerica during the 3rd quarter worth approximately $40,000. Geneos Wealth Management Inc. boosted its stake in shares of Comerica by 41.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 176 shares during the period. Finally, Employees Retirement System of Texas acquired a new position in shares of Comerica during the 2nd quarter worth approximately $48,000. 80.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Evercore set a $89.00 price target on Comerica in a report on Tuesday, January 6th. Citigroup upped their price objective on shares of Comerica from $82.00 to $88.00 and gave the company a “neutral” rating in a report on Tuesday, December 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Comerica in a research note on Wednesday, January 21st. TD Cowen reaffirmed a “hold” rating on shares of Comerica in a report on Wednesday, January 7th. Finally, UBS Group raised shares of Comerica from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $79.56.

Insider Activity at Comerica

In related news, insider James Mcgregor Carr sold 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 23,959 shares in the company, valued at approximately $2,349,419.54. The trade was a 29.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP James Harry Weber sold 8,798 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $98.04, for a total value of $862,555.92. Following the sale, the executive vice president directly owned 20,543 shares in the company, valued at $2,014,035.72. This represents a 29.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 27,662 shares of company stock worth $2,680,538. Company insiders own 1.10% of the company’s stock.

Comerica Trading Down 2.0%

CMA stock 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 market capitalization of $11.63 billion, a PE ratio of 17.20 and a beta of 1.04. The company’s 50-day simple moving average is $90.75 and its 200 day simple moving average is $80.30. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.96 and a current ratio of 0.97.

Comerica (NYSE:CMA) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.18. Comerica had a net margin of 15.07% and a return on equity of 10.74%. The firm had revenue of $850.00 million during the quarter, compared to the consensus estimate of $851.32 million. During the same quarter in the previous year, the firm posted $1.20 EPS. As a group, sell-side analysts anticipate that Comerica Incorporated will post 5.28 earnings per share for the current year.

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.