19 hours Ago By Defense World Staff
Empowered Funds LLC bought a new position in shares of Comerica Incorporated ( NYSE:CMA – Free Report ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,740 shares of the financial services provider’s stock, valued at approximately $355,000. A number of other institutional investors have also added to or reduced their stakes in CMA.
Citigroup Inc. grew its holdings in shares of Comerica by 390.6% during the third quarter.
Citigroup Inc. now owns 761,601 shares of the financial services provider’s stock worth $45,628,000 after purchasing an additional 606,375 shares in the last quarter. Vaughan Nelson Investment Management L.
P. lifted its position in Comerica by 31.3% in the 3rd quarter.
Vaughan Nelson Investment Management L.P. now owns 2,408,820 shares of the financial services provider’s stock worth $144,312,000 after buying an additional 574,516 shares during the last quarter.
JPMorgan Chase & Co. boosted its stake in Comerica by 134.0% in the third quarter.
JPMorgan Chase & Co. now owns 856,431 shares of the financial services provider’s stock worth $51,309,000 after buying an additional 490,468 shares in the last quarter. Primecap Management Co.
CA bought a new position in Comerica during the third quarter valued at approximately $26,630,000. Finally, Holocene Advisors LP purchased a new position in shares of Comerica during the third quarter worth approximately $16,272,000. Hedge funds and other institutional investors own 80.
74% of the company’s stock. Wall Street Analysts Forecast Growth A number of brokerages have recently issued reports on CMA. Evercore ISI upped their price objective on shares of Comerica from $64.
00 to $69.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Morgan Stanley cut their price target on shares of Comerica from $76.
00 to $71.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Truist Financial raised Comerica to a “hold” rating in a research note on Monday, January 6th.
Barclays boosted their target price on Comerica from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Monday, January 6th.
Finally, Compass Point increased their target price on Comerica from $64.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, December 10th.
Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $68.
57. Comerica Trading Down 0.9 % CMA opened at $67.
18 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.
97 and a debt-to-equity ratio of 1.09. The firm has a market cap of $8.
83 billion, a price-to-earnings ratio of 13.38 and a beta of 1.25.
Comerica Incorporated has a 12 month low of $45.32 and a 12 month high of $73.45.
The stock has a fifty day moving average price of $64.39 and a 200-day moving average price of $62.60.
Comerica ( NYSE:CMA – Get Free Report ) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.
25 by ($0.05). Comerica had a return on equity of 12.
04% and a net margin of 13.98%. During the same quarter in the prior year, the company earned $1.
46 earnings per share. As a group, equities research analysts anticipate that Comerica Incorporated will post 5.28 earnings per share for the current fiscal year.
Comerica declared that its Board of Directors has authorized a stock buyback program on Tuesday, November 5th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
About Comerica ( Free Report ) Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities.
Further Reading Five stocks we like better than Comerica What is a Dividend King? Ray Dalio’s Bridgewater Loaded Up on These Stocks in Q4 2024 What Do S&P 500 Stocks Tell Investors About the Market? Walmart Faces Tariff Headwinds, Consumer Trends Remain Positive The Significance of Brokerage Rankings in Stock Selection Tesla: 2 Reasons to Buy, 1 Reason to Run Want to see what other hedge funds are holding CMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comerica Incorporated ( NYSE:CMA – Free Report ). Receive News & Ratings for Comerica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comerica and related companies with MarketBeat.
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