Keybank National Association OH Sells 683 Shares of Comerica Incorporated (NYSE:CMA)

Keybank National Association OH reduced its position in Comerica Incorporated (NYSE:CMAFree Report) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,866 shares of the financial services provider’s stock after selling 683 shares during the period. Keybank National Association OH’s holdings in Comerica were worth $618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC raised its position in Comerica by 9.3% during the first quarter. Private Advisor Group LLC now owns 6,692 shares of the financial services provider’s stock worth $605,000 after acquiring an additional 568 shares during the period. MetLife Investment Management LLC raised its position in Comerica by 22.7% during the first quarter. MetLife Investment Management LLC now owns 35,565 shares of the financial services provider’s stock worth $3,216,000 after acquiring an additional 6,590 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Comerica by 6.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,486 shares of the financial services provider’s stock worth $1,581,000 after acquiring an additional 1,024 shares during the period. Great West Life Assurance Co. Can raised its position in Comerica by 8.4% during the first quarter. Great West Life Assurance Co. Can now owns 27,966 shares of the financial services provider’s stock worth $2,626,000 after acquiring an additional 2,163 shares during the period. Finally, Yousif Capital Management LLC raised its position in Comerica by 119.2% during the first quarter. Yousif Capital Management LLC now owns 7,659 shares of the financial services provider’s stock worth $693,000 after acquiring an additional 4,165 shares during the period. 81.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMA has been the subject of a number of research analyst reports. Truist Financial reduced their price objective on shares of Comerica from $49.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, October 23rd. DA Davidson upped their target price on shares of Comerica from $49.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. JPMorgan Chase & Co. lowered shares of Comerica from an “overweight” rating to a “neutral” rating and set a $57.00 target price for the company. in a report on Tuesday, December 12th. Royal Bank of Canada upped their target price on shares of Comerica from $50.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Finally, Argus lowered shares of Comerica from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $55.55.

Get Our Latest Stock Analysis on Comerica

Insider Transactions at Comerica

In other news, EVP Cassandra M. Mckinney sold 1,616 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $54.64, for a total transaction of $88,298.24. Following the sale, the executive vice president now owns 8,314 shares of the company’s stock, valued at $454,276.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.76% of the company’s stock.

Comerica Trading Down 2.2 %

Shares of CMA stock opened at $49.25 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.94 and a quick ratio of 0.92. The firm has a market cap of $6.49 billion, a PE ratio of 7.65 and a beta of 1.29. The company has a 50-day moving average of $53.24 and a two-hundred day moving average of $47.75. Comerica Incorporated has a 1-year low of $28.40 and a 1-year high of $77.34.

Comerica (NYSE:CMAGet Free Report) last announced its earnings results on Friday, January 19th. The financial services provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $826.07 million. Comerica had a net margin of 16.71% and a return on equity of 19.41%. During the same quarter last year, the firm posted $2.58 earnings per share. On average, analysts predict that Comerica Incorporated will post 5.36 EPS for the current year.

About Comerica

(Free Report)

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, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services, as well as payment and card services for small and middle market businesses, multinational corporations, and governmental entities.

Recommended Stories

Institutional Ownership by Quarter for Comerica (NYSE:CMA)

Receive News & Ratings for Comerica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comerica and related companies with MarketBeat.com's FREE daily email newsletter.