SG Americas Securities LLC Invests $649,000 in Comerica Incorporated $CMA

SG Americas Securities LLC bought a new stake in shares of Comerica Incorporated (NYSE:CMA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,471 shares of the financial services provider’s stock, valued at approximately $649,000.

Several other large investors also recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its position in Comerica by 41.8% during the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 176 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Comerica during the 2nd quarter valued at about $35,000. Employees Retirement System of Texas bought a new position in shares of Comerica in the 2nd quarter valued at about $48,000. Proffitt & Goodson Inc. grew its position in Comerica by 64.1% in the second quarter. Proffitt & Goodson Inc. now owns 1,011 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 395 shares in the last quarter. Finally, MAI Capital Management increased its stake in Comerica by 21.7% during the second quarter. MAI Capital Management now owns 1,146 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 204 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Comerica Stock Performance

CMA stock opened at $94.95 on Friday. Comerica Incorporated has a twelve month low of $48.12 and a twelve month high of $99.41. The firm has a market cap of $12.13 billion, a price-to-earnings ratio of 17.95 and a beta of 1.03. The business’s fifty day simple moving average is $86.40 and its two-hundred day simple moving average is $76.25. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.77.

Comerica (NYSE:CMA) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.18. The firm had revenue of $850.00 million during the quarter, compared to analyst estimates of $851.32 million. Comerica had a net margin of 15.07% and a return on equity of 10.92%. During the same period in the previous year, the firm earned $1.20 earnings per share. Analysts predict that Comerica Incorporated will post 5.28 earnings per share for the current year.

Comerica Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Monday, December 15th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, December 15th. Comerica’s dividend payout ratio is currently 54.20%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised Comerica from an “underweight” rating to an “equal weight” rating and set a $83.00 price objective for the company in a research note on Tuesday, October 7th. Jefferies Financial Group raised their price target on Comerica from $75.00 to $85.00 and gave the stock a “hold” rating in a research report on Tuesday, October 7th. Piper Sandler set a $82.00 price objective on shares of Comerica and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. UBS Group raised shares of Comerica from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research note on Tuesday, January 6th. Finally, Evercore ISI set a $89.00 target price on shares of Comerica in a report on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Comerica presently has an average rating of “Hold” and a consensus price target of $79.56.

About Comerica

Comerica Incorporated is a diversified financial services company headquartered in Dallas, Texas, operating as Comerica Bank. The company offers a comprehensive suite of banking and financial solutions to businesses, professionals, and individuals. Its principal business activities encompass commercial banking services—such as treasury management, lending, and international trade finance—alongside retail banking products like deposit accounts, consumer loans, and credit cards. In addition, Comerica provides wealth management and trust services, financial advisory, and capital markets solutions to support clients’ complex financial needs.

Established in Detroit in 1849 as the Detroit Savings Fund Institute, Comerica has evolved over more than 170 years to become a regional banking leader.