King Luther Capital Management Corp Sells 10,536 Shares of Comerica Incorporated $CMA

King Luther Capital Management Corp cut its holdings in Comerica Incorporated (NYSE:CMA) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 440,495 shares of the financial services provider’s stock after selling 10,536 shares during the period. King Luther Capital Management Corp owned 0.34% of Comerica worth $30,183,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. United Community Bank bought a new position in shares of Comerica during the third quarter worth $26,000. FNY Investment Advisers LLC purchased a new stake in Comerica in the 2nd quarter worth $35,000. Geneos Wealth Management Inc. boosted its holdings in shares of Comerica by 41.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 176 shares during the last quarter. Center for Financial Planning Inc. grew its position in shares of Comerica by 41.2% during 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. Finally, Root Financial Partners LLC bought a new stake in shares of Comerica in the third quarter worth about $40,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Comerica news, insider James Mcgregor Carr sold 10,000 shares of the company’s stock in a transaction 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 transaction, the insider owned 23,959 shares of the company’s stock, valued at $2,349,419.54. This represents a 29.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP James Harry Weber sold 8,798 shares of Comerica stock in a transaction 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 sale, the executive vice president owned 20,543 shares of the company’s stock, valued at approximately $2,014,035.72. This trade represents a 29.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 27,662 shares of company stock valued at $2,680,538. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on CMA shares. Evercore set a $89.00 price target on Comerica in a research note on Tuesday, January 6th. UBS Group upgraded Comerica from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research report on Tuesday, January 6th. Citigroup boosted their price target on shares of Comerica from $82.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Comerica in a research note on Wednesday, January 21st. Finally, TD Cowen reissued a “hold” rating on shares of Comerica in a research note on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $79.56.

Comerica Trading Down 2.0%

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

Comerica (NYSE:CMA) last released its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.46 EPS for the quarter, topping 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 firm had revenue of $850.00 million during the quarter, compared to analysts’ expectations of $851.32 million. During the same period in the previous year, the company earned $1.20 EPS. As a group, analysts expect that Comerica Incorporated will post 5.28 EPS for the current year.

Comerica 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.