Comerica, Inc. (NYSE: CMA) is 2.85% higher on its value in year-to-date trading and has touched a low of $37.40 and a high of $58.50 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 $55.44 in the last trading session, with the day’s gains setting it 1.96%.
Currently trading at $57.40, the stock is 3.20% and 6.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.33 million and changing 3.54% at the moment leaves the stock 10.26% off its SMA200. CMA registered 22.83% gain for a year compared to 6-month loss of 9.56%.
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The stock witnessed a 9.67% gain in the last 1 month and extending the period to 3 months gives it a 21.48%, and is 2.79% 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 2.87% over the week and 2.53% over the month.
Comerica, Inc. (CMA) has around 7863 employees, a market worth around $7.62B and $5.12B in sales. Current P/E ratio is 12.70 and Fwd P/E is 10.82. Profit margin for the company is 11.75%. Distance from 52-week low is 53.48% and -1.88% from its 52-week high. The company has generated returns on investments over the last 12 months (4.54%).
The EPS is expected to shrink by -24.88% this year.
Comerica, Inc. (CMA) Top Institutional Holders
675.0 institutions hold shares in Comerica, Inc. (CMA), with institutional investors hold 83.66% of the company’s shares. The shares outstanding are 131.90M, and float is at 131.46M with Short Float at 3.49%. Institutions hold 83.01% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 19.3 million shares valued at $985.28 million. The investor’s holdings represent 14.6243% of the CMA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 15.66 million shares valued at $799.49 million to account for 11.8666 of the shares outstanding. The other top investors are STATE STREET CORP which holds 4.88 million shares representing 3.6982% and valued at over $250.15 million, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 3.0907 of the shares totaling 4.08 million with a market value of $208.23 million.
Comerica, Inc. (CMA) Insider Activity
The most recent transaction is an insider sale by Moore Christine M, the company’s EVP and General Auditor. SEC filings show that Moore Christine M sold 2,545 shares of the company’s common stock on Aug 23 ’24 at a price of $57.51 per share for a total of $0.15 million. Following the sale, the insider now owns 27910.0 shares.
Still, SEC filings show that on Apr 24 ’24, McKinney Cassandra M. (EVP) disposed off 7,271 shares at an average price of $52.59 for $0.38 million. The insider now directly holds 7,236 shares of Comerica, Inc. (CMA).
