Key Points
- EVP James Harry Weber sold 8,798 shares on Jan. 22 at an average price of $98.04 for about $862,556, reducing his stake to 20,543 shares (a 29.99% drop).
- Comerica reported quarterly EPS of $1.46, beating estimates of $1.28 while revenue was roughly in line at $850.0 million, and the stock has traded near its one‑year high (~$99).
- The company pays a quarterly dividend of $0.71 (annualized $2.84) for a 3.0% yield, and analysts hold a consensus "Hold" rating with an average target of $79.56.
Comerica Incorporated (NYSE:CMA - Get Free Report) EVP James Harry Weber sold 8,798 shares of the stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $98.04, for a total value of $862,555.92. Following the transaction, the executive vice president directly owned 20,543 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink.
Comerica Stock Performance
Shares of CMA opened at $94.71 on Friday. The firm has a market capitalization of $12.10 billion, a P/E ratio of 17.90 and a beta of 1.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.96. Comerica Incorporated has a one year low of $48.12 and a one year high of $99.41. The business has a fifty day moving average of $86.73 and a 200 day moving average of $76.47.
Comerica (NYSE:CMA - Get Free Report) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.18. The company had revenue of $850.00 million for the quarter, compared to the consensus estimate of $851.32 million. Comerica had a return on equity of 10.92% and a net margin of 15.07%.During the same quarter in the prior year, the company earned $1.20 earnings per share. As a group, sell-side analysts anticipate that Comerica Incorporated will post 5.28 EPS for the current year.
Comerica Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Monday, December 15th were issued a $0.71 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.0%. Comerica's dividend payout ratio (DPR) is presently 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Comerica by 60.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,755 shares of the financial services provider's stock valued at $2,761,000 after acquiring an additional 17,552 shares in the last quarter. Empowered Funds LLC raised its stake in Comerica by 12.6% during the 1st quarter. Empowered Funds LLC now owns 6,464 shares of the financial services provider's stock valued at $382,000 after purchasing an additional 724 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Comerica by 41.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider's stock worth $35,000 after purchasing an additional 176 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Comerica by 19.6% in the 2nd quarter. Parallel Advisors LLC now owns 1,152 shares of the financial services provider's stock worth $69,000 after purchasing an additional 189 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Comerica by 5.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,056 shares of the financial services provider's stock worth $302,000 after purchasing an additional 258 shares during the period. 80.74% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Piper Sandler set a $82.00 price target on shares of Comerica and gave the stock a "neutral" rating in a research report on Tuesday, October 7th. Wells Fargo & Company raised their target price on Comerica from $65.00 to $97.00 and gave the stock an "equal weight" rating in a report on Monday, October 20th. TD Cowen reiterated a "hold" rating on shares of Comerica in a research report on Wednesday, January 7th. Jefferies Financial Group upped their price target on Comerica from $75.00 to $85.00 and gave the stock 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 note on Wednesday. Three analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $79.56.
View Our Latest Stock Report on Comerica
Comerica Company Profile
(
Get Free Report)
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.
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