Comerica (NYSE:CMA) Shares Pass Above 200-Day Moving Average – Should You Sell?

Comerica Incorporated (NYSE:CMA) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $72.70 and traded as high as $87.93. Comerica shares last traded at $87.05, with a volume of 1,061,185 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CMA. Truist Financial raised their price objective on Comerica from $68.00 to $70.00 and gave the company a “hold” rating in a research report on Friday, September 12th. Cowen assumed coverage on shares of Comerica in a research report on Wednesday, September 24th. They set a “hold” rating for the company. Citigroup raised their price target on shares of Comerica from $82.00 to $88.00 and gave the company a “neutral” rating in a report on Tuesday. TD Cowen began coverage on shares of Comerica in a research note on Thursday, September 25th. They set a “hold” rating and a $75.00 price objective for the company. Finally, Jefferies Financial Group increased their target price on shares of Comerica from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Comerica presently has an average rating of “Hold” and an average price target of $75.68.

Comerica Stock Down 0.5%

The company has a market capitalization of $11.12 billion, a price-to-earnings ratio of 16.61 and a beta of 1.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 0.96. The business’s 50 day moving average is $82.21 and its 200 day moving average is $72.79.

Comerica (NYSE:CMA) last posted its quarterly earnings results on Monday, December 9th. The financial services provider reported $1.53 earnings per share (EPS) for the quarter. Comerica had a net margin of 14.91% and a return on equity of 10.69%. The business had revenue of $824.00 million during the quarter. Sell-side analysts anticipate that Comerica Incorporated will post 5.28 earnings per share for the current year.

Comerica Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Monday, December 15th were paid a $0.71 dividend. The ex-dividend date was Monday, December 15th. This represents a $2.84 dividend on an annualized basis and a yield of 3.3%. Comerica’s dividend payout ratio (DPR) is 54.20%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CMA. United Community Bank acquired a new stake in shares of Comerica during the third quarter worth about $26,000. JPL Wealth Management LLC acquired a new stake in Comerica during the 3rd quarter valued at approximately $27,000. FNY Investment Advisers LLC acquired a new stake in Comerica during the 2nd quarter valued at approximately $35,000. Center for Financial Planning Inc. boosted its holdings in shares of Comerica by 41.2% in the 3rd quarter. Center for Financial Planning Inc. now owns 514 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 150 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Comerica by 41.8% in the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 176 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

Comerica Company 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.