Comerica Incorporated $CMA Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in Comerica Incorporated (NYSE:CMA) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,765,662 shares of the financial services provider’s stock after selling 416,168 shares during the quarter. Vanguard Group Inc. owned about 9.99% of Comerica worth $874,703,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CMA. Bank of New York Mellon Corp raised its holdings in shares of Comerica by 466.2% in 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 purchasing an additional 6,003,703 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 worth $282,819,000 after buying an additional 77,869 shares during the last quarter. Primecap Management Co. CA grew its position in Comerica by 55.3% in the second quarter. Primecap Management Co. CA now owns 2,593,800 shares of the financial services provider’s stock worth $154,720,000 after buying an additional 923,690 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Comerica by 3.0% in 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 in the last quarter. Finally, Azora Capital LP lifted its position in shares of Comerica by 8.7% during the 2nd quarter. Azora Capital LP now owns 2,063,920 shares of the financial services provider’s stock valued at $123,113,000 after acquiring an additional 164,722 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Insider Activity

In other news, insider James Mcgregor Carr sold 10,000 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Allysun C. Fleming sold 8,864 shares of Comerica stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $94.47, for a total transaction of $837,382.08. Following the completion of the transaction, the executive vice president owned 4,785 shares in the company, valued at $452,038.95. This trade represents a 64.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,662 shares of company stock valued at $2,680,538 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Comerica Trading Down 2.0%

Comerica stock opened at $90.98 on Monday. Comerica Incorporated has a one year low of $48.12 and a one year high of $99.41. The company’s fifty day moving average price is $90.75 and its two-hundred day moving average price is $80.30. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of 17.20 and a beta of 1.04. 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 issued its quarterly earnings data 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. Comerica had a return on equity of 10.74% and a net margin of 15.07%.The business had revenue of $850.00 million for the quarter, compared to analyst estimates of $851.32 million. During the same quarter in the prior year, the firm posted $1.20 EPS. On average, analysts forecast that Comerica Incorporated will post 5.28 earnings per share for the current fiscal year.

Comerica 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.