1 week Ago By ABMN Staff
Rhumbline Advisers grew its holdings in shares of Comerica Incorporated ( NYSE:CMA – Free Report ) by 33.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 369,415 shares of the financial services provider’s stock after buying an additional 91,626 shares during the period.
Rhumbline Advisers’ holdings in Comerica were worth $18,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors and hedge funds have also made changes to their positions in CMA. Price T Rowe Associates Inc.
MD lifted its stake in Comerica by 105.3% during the first quarter. Price T Rowe Associates Inc.
MD now owns 182,402 shares of the financial services provider’s stock worth $10,031,000 after purchasing an additional 3,595,036 shares during the last quarter. Norges Bank purchased a new stake in shares of Comerica during the 4th quarter worth approximately $80,691,000. Azora Capital LP acquired a new position in shares of Comerica in the 4th quarter valued at $63,548,000.
Dimensional Fund Advisors LP grew its position in shares of Comerica by 60.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,605,943 shares of the financial services provider’s stock valued at $145,444,000 after buying an additional 984,391 shares during the last quarter.
Finally, Goldman Sachs Group Inc. raised its stake in Comerica by 51.4% during the 4th quarter.
Goldman Sachs Group Inc. now owns 2,564,217 shares of the financial services provider’s stock worth $143,109,000 after acquiring an additional 870,812 shares in the last quarter. 80.
74% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets Several research firms have issued reports on CMA. Wells Fargo & Company decreased their price objective on shares of Comerica from $48.
00 to $45.00 and set an “underweight” rating for the company in a research note on Wednesday, June 12th. Robert W.
Baird dropped their price target on Comerica from $72.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, June 20th.
Morgan Stanley lifted their price target on Comerica from $50.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th.
Piper Sandler increased their price objective on Comerica from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, July 22nd.
Finally, Stephens reaffirmed an “overweight” rating and issued a $64.00 target price on shares of Comerica in a report on Tuesday, June 11th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock.
According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $56.05.
Insider Buying and Selling In other Comerica news, EVP Christine M. Moore sold 2,545 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $57.
51, for a total value of $146,362.95. Following the sale, the executive vice president now owns 27,910 shares of the company’s stock, valued at $1,605,104.
10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . 0.
19% of the stock is currently owned by insiders. Comerica Price Performance Shares of NYSE CMA opened at $54.87 on Monday.
The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.96 and a current ratio of 0.
96. Comerica Incorporated has a one year low of $37.40 and a one year high of $58.
50. The firm has a market capitalization of $7.28 billion, a P/E ratio of 10.
91 and a beta of 1.23. The company’s fifty day moving average is $53.
94 and its two-hundred day moving average is $52.07. Comerica ( NYSE:CMA – Get Free Report ) last released its quarterly earnings data on Friday, July 19th.
The financial services provider reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.
30. Comerica had a net margin of 12.15% and a return on equity of 15.
01%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $812.
79 million. During the same quarter in the previous year, the firm earned $2.01 earnings per share.
Analysts forecast that Comerica Incorporated will post 5.05 EPS for the current fiscal year. Comerica Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st.
Investors of record on Friday, September 13th will be paid a $0.71 dividend. This represents a $2.
84 annualized dividend and a yield of 5.18%. The ex-dividend date is Friday, September 13th.
Comerica’s payout ratio is currently 56.46%. Comerica Profile ( 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 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.com's FREE daily email newsletter .
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