Comerica Incorporated (NYSE:CMA – Free Report) – Investment analysts at Wedbush cut their Q2 2025 EPS estimates for Comerica in a report issued on Wednesday, October 9th. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will post earnings per share of $1.39 for the quarter, down from their prior estimate of $1.41. Wedbush currently has a “Outperform” rating and a $75.00 target price on the stock. The consensus estimate for Comerica’s current full-year earnings is $5.12 per share.
Several other equities analysts have also recently issued reports on CMA. Evercore ISI boosted their target price on shares of Comerica from $58.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods raised shares of Comerica from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $50.00 to $69.00 in a research note on Thursday, September 5th. The Goldman Sachs Group lifted their price target on Comerica from $55.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Raymond James upgraded Comerica from a “market perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research report on Tuesday, July 2nd. Finally, DA Davidson reaffirmed a “neutral” rating and set a $55.00 target price on shares of Comerica in a research note on Tuesday, September 10th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $59.62.
Comerica Stock Up 3.2 %
CMA stock opened at $61.28 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s fifty day simple moving average is $56.89 and its 200-day simple moving average is $53.48. Comerica has a 12 month low of $37.40 and a 12 month high of $61.84. The company has a market capitalization of $8.12 billion, a P/E ratio of 12.18 and a beta of 1.23.
Comerica (NYSE:CMA – Get Free Report) last released its quarterly earnings results on Friday, July 19th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.30. Comerica had a net margin of 12.15% and a return on equity of 15.01%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $812.79 million. During the same period in the previous year, the company earned $2.01 earnings per share.
Institutional Investors Weigh In On Comerica
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Clear Street Markets LLC acquired a new stake in shares of Comerica during the fourth quarter worth $162,000. BHZ Capital Management LP lifted its stake in shares of Comerica by 10.2% in the 4th quarter. BHZ Capital Management LP now owns 76,951 shares of the financial services provider’s stock worth $4,295,000 after acquiring an additional 7,116 shares during the period. Beacon Financial Group boosted its holdings in shares of Comerica by 10.6% in the fourth quarter. Beacon Financial Group now owns 7,558 shares of the financial services provider’s stock valued at $422,000 after acquiring an additional 725 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Comerica by 51.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,564,217 shares of the financial services provider’s stock worth $143,109,000 after acquiring an additional 870,812 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Comerica by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 16,878,129 shares of the financial services provider’s stock worth $941,968,000 after purchasing an additional 676,959 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, EVP Christine M. Moore sold 2,545 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $57.51, for a total value of $146,362.95. Following the completion of the sale, the executive vice president now directly owns 27,910 shares of the company’s stock, valued at approximately $1,605,104.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.
Comerica Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a dividend of $0.71 per share. The ex-dividend date was Friday, September 13th. This represents a $2.84 dividend on an annualized basis and a yield of 4.63%. Comerica’s dividend payout ratio is presently 56.46%.
Comerica Company Profile
Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities.
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