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Bessemer Group Inc. now holds 10,859 shares of Comerica, valued at $672,000, after acquiring 211 additional shares. V Square Quantitative Management LLC increased its stake by 36.7%, while US Bancorp DE boosted its holdings by 2.0%. Institutional investors own 80.74% of Comerica, which has a current price target of $67.00 from Wells Fargo, reflecting a potential upside of 14.46%. The stock has a consensus rating of "Hold" with a target price of $68.00, despite recent earnings missing estimates.
Comerica Incorporated reported Q4 earnings of $1.20 per share, missing estimates of $1.25, with a net margin of 13.98% and a return on equity of 12.04%. The company announced a quarterly dividend of $0.71 per share, yielding 4.92%, and has a current and quick ratio of 0.97. Analysts maintain a "Hold" rating, with an average target price of $68.29, while institutional investors have increased their stakes significantly.
UBS has raised its 2025 earnings per share estimates for U.S. midcap banks by an average of 4%, driven by improved net interest income and deposit repricing, while 2026 estimates saw a 1% decline due to company-specific factors. Key performers include Bank OZK, Webster Financial, and Pinnacle Financial, while Comerica and First Horizon lagged. Webster Financial's strong fourth-quarter results led to increased price targets from RBC Capital and Raymond James, despite a revenue miss.
EVP James Harry Weber sold 6,500 shares of Comerica stock on October 24 for $410,995, reducing his ownership by 29.18%. Insiders sold a total of 15,456 shares last quarter, while institutional investors hold 80.74% of the stock. UBS Group initiated coverage with a "sell" rating, as analysts maintain a consensus "Hold" rating with a target price of $67.27.
EVP James Harry Weber sold 6,500 shares of Comerica stock on October 24 for $410,995, reducing his ownership by 29.18%. Insiders sold a total of 15,456 shares last quarter, while institutional investors hold 80.74% of the stock. UBS Group initiated coverage with a "sell" rating, and Comerica's stock has a consensus "Hold" rating with a target price of $67.27.
Comerica Incorporated operates primarily in business banking, which accounts for 80.6% of its sales, alongside retail banking (12.7%), wealth management (6.5%), and other services (0.2%). By the end of 2023, the bank is projected to manage $66.8 billion in deposits and $52.1 billion in loans. UBS has revised its recommendation for Comerica to Sell.
Comerica Incorporated operates primarily in investment banking, which accounts for 80.6% of its revenues, alongside retail banking (12.7%), asset management (6.5%), and other services (0.2%). By the end of 2023, the banking group is projected to manage $66.8 billion in deposits and $52.1 billion in loans. UBS has issued a sell recommendation for the company.
Comerica Incorporated
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
comerica stock sees mixed analyst ratings and institutional investment activity
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