Comerica Incorporated $CMA Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in Comerica Incorporated (NYSE:CMA) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,206 shares of the financial services provider’s stock after selling 9,278 shares during the quarter. Rhumbline Advisers owned approximately 0.27% of Comerica worth $23,928,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CMA. Pacer Advisors Inc. acquired a new stake in Comerica in the third quarter valued at approximately $1,160,000. Oakworth Capital Inc. raised its holdings in shares of Comerica by 2.7% in the 3rd quarter. Oakworth Capital Inc. now owns 259,559 shares of the financial services provider’s stock valued at $17,785,000 after purchasing an additional 6,935 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Comerica by 87.6% during the 3rd quarter. Gateway Investment Advisers LLC now owns 50,686 shares of the financial services provider’s stock worth $3,473,000 after purchasing an additional 23,675 shares during the last quarter. Nisa Investment Advisors LLC grew 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 worth $4,792,000 after purchasing an additional 18,864 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Comerica by 23.0% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 72,587 shares of the financial services provider’s stock valued at $4,974,000 after buying an additional 13,558 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Comerica in a research note on Wednesday, January 21st. Wells Fargo & Company increased their price objective on Comerica from $65.00 to $97.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Evercore set a $89.00 target price on Comerica in a research report on Tuesday, January 6th. TD Cowen reaffirmed a “hold” rating on shares of Comerica in a report on Wednesday, January 7th. Finally, UBS Group upgraded shares of Comerica from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a research note on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $79.56.

Comerica Stock Down 2.0%

CMA stock opened at $90.98 on Tuesday. The company has a market cap of $11.63 billion, a price-to-earnings ratio of 17.20 and a beta of 1.04. The company has a fifty day moving average price of $90.49 and a 200 day moving average price of $79.62. 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 Incorporated has a 12 month low of $48.12 and a 12 month high of $99.41.

Comerica (NYSE:CMA) last posted 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 net margin of 15.07% and a return on equity of 10.74%. The company had revenue of $850.00 million for the quarter, compared to analyst estimates of $851.32 million. During the same period in the previous year, the business posted $1.20 earnings per share. Sell-side analysts expect that Comerica Incorporated will post 5.28 earnings per share for the current year.

Insider Activity at Comerica

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