BlackRock discloses 2.4% Comerica (NYSE: CMA) common stock stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
BlackRock, Inc. filed an amended Schedule 13G/A reporting beneficial ownership of 3,035,762 shares of Comerica Inc. common stock, representing 2.4% of the class as of the stated event date. BlackRock has sole voting power over 2,785,004 shares and sole dispositive power over 3,035,762 shares, with no shared voting or dispositive power.
The filing notes that the securities are held by certain BlackRock business units in the ordinary course of business and not for the purpose of changing or influencing control of Comerica. BlackRock also indicates its holdings represent 5 percent or less of Comerica’s outstanding common stock.
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FAQ
What percentage of Comerica (CMA) does BlackRock currently report owning?
BlackRock reports beneficial ownership of 2.4% of Comerica’s common stock. This corresponds to 3,035,762 shares, as disclosed in the Schedule 13G/A, and reflects holdings across certain BlackRock business units aggregated for reporting purposes.
Is BlackRock’s Comerica (CMA) stake above or below 5 percent of the class?
BlackRock’s Comerica holdings are reported as 5 percent or less of the common stock. Specifically, the Schedule 13G/A states ownership of 2.4% of the outstanding Comerica common shares, which is below the 5 percent threshold.
Why did BlackRock file a Schedule 13G/A for Comerica (CMA)?
BlackRock filed the amended Schedule 13G/A because its business units beneficially own Comerica common stock. The certification states the shares were acquired and are held in the ordinary course of business, not to change or influence control of Comerica.
Does BlackRock seek to influence control of Comerica (CMA) with this stake?
No. BlackRock certifies the Comerica shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, consistent with passive ownership under Schedule 13G rules.