Comerica stock is trading -10.14% below its average target price of $59.35 after marking a 3.0% during today's morning session. Analysts are giving the Mid-Cap Banking company an average rating of buy and target prices ranging from $52.0 to $68.0 per share.
The stock has an average amount of shares sold short at 5.0%, and a short ratio of 2.86. Only 0.78% of the company's shares are owned by insiders, indicating that management does not have a deep alignment of interest with its shareholders. Finally, we also note that a significant number of institutional investors are invested in the stock, with 82.3% of Comerica's shares being owned by this investor type.
Institutions Invested in Comerica
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Vanguard Group Inc | 13% | 16,878,129 | $900,110,650 |
| 2023-12-31 | Blackrock Inc. | 9% | 11,823,522 | $630,548,449 |
| 2023-12-31 | State Street Corporation | 5% | 7,145,780 | $381,084,460 |
| 2023-12-31 | First Trust Advisors LP | 3% | 4,507,700 | $240,395,649 |
| 2023-12-31 | Alliancebernstein L.P. | 3% | 3,456,189 | $184,318,565 |
| 2023-12-31 | Charles Schwab Investment Management, Inc. | 3% | 3,343,131 | $178,289,182 |
| 2023-12-31 | Invesco Ltd. | 3% | 3,329,635 | $177,569,440 |
| 2023-12-31 | Morgan Stanley | 2% | 3,045,114 | $162,395,935 |
| 2023-12-31 | Geode Capital Management, LLC | 2% | 3,005,229 | $160,268,868 |
| 2023-12-31 | Dimensional Fund Advisors LP | 2% | 2,605,943 | $138,974,944 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Comerica.
