James Mcgregor Carr Sells 10,000 Shares of Comerica (NYSE:CMA) Stock

Comerica Incorporated (NYSE:CMA) insider James Mcgregor Carr sold 10,000 shares of the stock in a transaction that occurred 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Comerica Stock Performance

NYSE CMA traded down $0.26 during trading on Friday, hitting $94.71. The company’s stock had a trading volume of 1,069,741 shares, compared to its average volume of 1,738,629. Comerica Incorporated has a 52 week low of $48.12 and a 52 week high of $99.41. The firm has a market cap of $12.10 billion, a P/E ratio of 17.90 and a beta of 1.03. The firm has a 50 day moving average price of $86.40 and a 200 day moving average price of $76.25. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.77.

Comerica (NYSE:CMA) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.18. Comerica had a return on equity of 10.92% and a net margin of 15.07%.The company had revenue of $850.00 million during the quarter, compared to analysts’ expectations of $851.32 million. During the same period in the prior year, the business earned $1.20 earnings per share. Equities research analysts forecast that Comerica Incorporated will post 5.28 earnings per share for the current fiscal year.

Comerica Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Monday, December 15th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, December 15th. Comerica’s dividend payout ratio (DPR) is currently 53.69%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of Comerica from $65.00 to $97.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Citigroup raised their price objective on Comerica from $82.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 30th. Royal Bank Of Canada lifted their price objective on Comerica from $75.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Jefferies Financial Group boosted their price objective on Comerica from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Comerica in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Comerica has a consensus rating of “Hold” and an average target price of $79.56.

Hedge Funds Weigh In On Comerica

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. acquired a new position in Comerica during the 3rd quarter worth $1,160,000. Gateway Investment Advisers LLC raised its position in shares of Comerica by 87.6% during the third quarter. Gateway Investment Advisers LLC now owns 50,686 shares of the financial services provider’s stock worth $3,473,000 after acquiring an additional 23,675 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Comerica by 37.5% during the third quarter. Nisa Investment Advisors LLC now owns 69,132 shares of the financial services provider’s stock valued at $4,792,000 after acquiring an additional 18,864 shares during the period. First Trust Advisors LP boosted its holdings in Comerica by 11.9% in the second quarter. First Trust Advisors LP now owns 654,103 shares of the financial services provider’s stock valued at $39,017,000 after acquiring an additional 69,392 shares during the last quarter. Finally, Applied Finance Capital Management LLC acquired a new stake in Comerica in the second quarter worth about $207,000. Institutional investors own 80.74% of the company’s stock.

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.