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Comerica Incorporated (CMA) Review – Making Smarter Decisions

679 institutions hold shares in Comerica Incorporated (CMA), with 1.43M shares held by insiders accounting for 1.03% while institutional investors hold 81.93% of the company’s shares. The shares outstanding are 139.00M, and float is at 137.81M with Short Float at 1.71%. Institutions hold 81.08% of the Float.

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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 14.98 million shares valued at $836.65 million. The investor’s holdings represent 10.74% of the CMA Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 11.79 million shares valued at $658.39 million to account for 8.45% of the shares outstanding. The other top investors are State Street Corporation which holds 7.76 million shares representing 5.56% and valued at over $433.22 million, while FMR, LLC holds 5.38% of the shares totaling 7.51 million with a market value of $419.42 million.

Comerica Incorporated (NYSE: CMA) is 27.05% higher on its value in year-to-date trading and has touched a low of $25.80 and a high of $73.73 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CMA stock was last observed hovering at around $69.97 in the last trading session, with the day’s gains setting it 1.0% off its average median price target of $68.00 for the next 12 months. It is also 11.29% off the consensus price target high of $80.00 offered by 25 analysts, but current levels are -31.43% lower than the price target low of $54.00 for the same period.

Currently trading at $70.97, the stock is 2.14% and 7.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing 1.43% at the moment leaves the stock 43.69% off its SMA200. CMA registered 108.80% gain for a year compared to 6-month gain of 94.54%. The firm has a 50-day simple moving average (SMA 50) of $68.08 and a 200-day simple moving average (SMA200) of $54.64.

The stock witnessed a 2.00% loss in the last 1 month and extending the period to 3 months gives it a 26.60%, and is 2.34% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.96% over the week and 3.84% over the month.

Comerica Incorporated (CMA) has around 7429 employees, a market worth around $9.76B and $2.09B in sales. Current P/E ratio is 21.58 and Fwd P/E is 14.26. Profit margin for the company is 21.90%. Distance from 52-week low is 175.08% and -3.74% from its 52-week high. The company has generated returns on investments over the last 12 months (11.90%).

Comerica Incorporated (CMA) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Comerica Incorporated (CMA) is a “Hold”. 25 analysts offering their recommendations for the stock have an average rating of 3.10, where 13 rate it as a Hold and 1 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 6 analysts have rated the stock as a Sell or Underperform.

Comerica Incorporated is expected to release its quarterly report on 04/20/2021 and quarterly earnings per share for the current quarter are estimated at $1.34 with sales reaching $720.88M over the same period.The EPS is expected to shrink by -58.40% this year, but quarterly earnings will post -1.10% year-over-year. Quarterly sales are estimated to shrink -3.90% in year-over-year returns.

Comerica Incorporated (CMA) Insider Activity

A total of 79 insider transactions have happened at Comerica Incorporated (CMA) in the last six months, with sales accounting for 52 and purchases happening 27 times. The most recent transaction is an insider sale by Burkhart Megan D, the company’s EVP – Chief HR Officer. SEC filings show that Burkhart Megan D sold 2,278 shares of the company’s common stock on Feb 25 at a price of $70.64 per share for a total of $0.16 million. Following the sale, the insider now owns 36103.0 shares.

Comerica Incorporated disclosed in a document filed with the SEC on Feb 23 that Moore Christine M (EVP and General Auditor) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Feb 23 and was made at $68.67 per share for $0.21 million. Following the transaction, the insider now directly holds 18231.0 shares of the CMA stock.

Still, SEC filings show that on Feb 04, McKinney Cassandra M. (EVP) disposed off 4,643 shares at an average price of $62.23 for $0.29 million. The insider now directly holds 5,658 shares of Comerica Incorporated (CMA).

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Comerica Incorporated (CMA): Who are the competitors?

The company’s main competitors (and peers) include Bank of America Corporation (BAC) that is trading 70.25% up over the past 12 months and Regions Financial Corporation (RF) that is 113.20% higher over the same period. KeyCorp (KEY) is 75.83% up on the 1-year trading charts. Short interest in the company’s stock has fallen -14.04% from the last report on Feb 11, 2021 to stand at a total of 2.68 million short shares sold with a short interest ratio of 1.65.

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