Comerica Incorporated $CMA Position Increased by NewEdge Wealth LLC

NewEdge Wealth LLC lifted its position in Comerica Incorporated (NYSE:CMA) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 627,289 shares of the financial services provider’s stock after acquiring an additional 14,223 shares during the period. NewEdge Wealth LLC owned about 0.49% of Comerica worth $42,982,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. United Community Bank purchased a new position in Comerica during the 3rd quarter worth approximately $26,000. Center for Financial Planning Inc. lifted its holdings 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 purchasing an additional 150 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Comerica in the third quarter worth $40,000. Geneos Wealth Management Inc. grew its holdings in shares of Comerica by 41.8% during the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $35,000 after buying an additional 176 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Comerica during the second quarter valued at $35,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Insiders Place Their Bets

In other news, insider James Mcgregor Carr sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $98.06, for a total transaction of $980,600.00. Following the completion of the sale, the insider owned 23,959 shares in the company, valued at approximately $2,349,419.54. This represents a 29.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Allysun C. Fleming sold 8,864 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $94.47, for a total value of $837,382.08. Following the completion of the transaction, the executive vice president directly owned 4,785 shares in the company, valued at $452,038.95. The trade was a 64.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,662 shares of company stock valued at $2,680,538 over the last three months. 1.10% of the stock is currently owned by insiders.

Comerica Price Performance

Shares of CMA opened at $90.98 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.96 and a current ratio of 0.97. The firm has a market cap of $11.63 billion, a PE ratio of 17.20 and a beta of 1.04. The firm’s 50 day moving average price is $90.69 and its 200 day moving average price is $79.87. Comerica Incorporated has a twelve month low of $48.12 and a twelve month high of $99.41.

Comerica (NYSE:CMA) last announced its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.46 EPS for the quarter, topping the consensus estimate of $1.28 by $0.18. The company had revenue of $850.00 million for the quarter, compared to analyst estimates of $851.32 million. Comerica had a net margin of 15.07% and a return on equity of 10.74%. During the same quarter in the prior year, the business posted $1.20 EPS. As a group, research analysts expect that Comerica Incorporated will post 5.28 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on CMA. TD Cowen restated a “hold” rating on shares of Comerica in a research report on Wednesday, January 7th. UBS Group raised shares of Comerica from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a research report on Tuesday, January 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Comerica in a report on Wednesday, January 21st. Citigroup upped their price objective on shares of Comerica from $82.00 to $88.00 and gave the company a “neutral” rating in a research note on Tuesday, December 30th. Finally, Evercore set a $89.00 target price on shares of Comerica in a research report on Tuesday, January 6th. Three investment 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, Comerica currently has a consensus rating of “Hold” and a consensus target price of $79.56.

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.