This morning we watched Comerica drop -1.6% to a price of $43.15 per share. The large-cap Banking company is now trading -25.19% below its average target price of $57.67. Analysts have set target prices ranging from $45.0 to $75.0 per share for Comerica, and have given the stock an average rating of buy.
Comerica has an average level of shares sold short, at 7.2% of its total share float. The stock's short ratio (also called days to cover) is 5.1. Only 0.55% of the company's shares are owned by insiders, indicating that management does not have a deep alignment of interest with its shareholders.
Institutional investors own 84.9% of Comerica's shares, which indicates they have a high level of confidence in the company.
Institutions Invested in Comerica
Date Reported | Holder | Percentage | Shares | Value |
---|---|---|---|---|
2023-06-30 | Vanguard Group Inc | 12% | 16,406,079 | $707,840,285 |
2023-06-30 | Blackrock Inc. | 10% | 13,606,533 | $587,053,872 |
2023-06-30 | State Street Corporation | 5% | 6,628,855 | $286,001,952 |
2023-06-30 | First Trust Advisors LP | 4% | 4,756,632 | $205,224,889 |
2023-06-30 | Charles Schwab Investment Management, Inc. | 2% | 3,179,159 | $137,164,816 |
2023-06-30 | Invesco Ltd. | 2% | 2,966,575 | $127,992,879 |
2023-06-30 | Geode Capital Management, LLC | 2% | 2,907,976 | $125,464,625 |
2023-06-30 | Alliancebernstein L.P. | 2% | 2,913,911 | $125,720,691 |
2023-06-30 | Morgan Stanley | 2% | 2,712,164 | $117,016,317 |
2023-06-30 | Citadel Advisors Llc | 2% | 2,121,213 | $91,519,735 |