Mutual of America Capital Management LLC Sells 5,995 Shares of Comerica Incorporated $CMA

Mutual of America Capital Management LLC lowered its stake in shares of Comerica Incorporated (NYSE:CMA) by 9.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,357 shares of the financial services provider’s stock after selling 5,995 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Comerica were worth $4,067,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Comerica during the 2nd quarter valued at approximately $97,138,000. Primecap Management Co. CA lifted its stake in Comerica by 55.3% in the second quarter. Primecap Management Co. CA now owns 2,593,800 shares of the financial services provider’s stock valued at $154,720,000 after purchasing an additional 923,690 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Comerica during the second quarter valued at $31,365,000. Qube Research & Technologies Ltd purchased a new stake in Comerica in the second quarter worth $12,477,000. Finally, Marshall Wace LLP raised its stake in shares of Comerica by 472.6% in the second quarter. Marshall Wace LLP now owns 252,505 shares of the financial services provider’s stock valued at $15,062,000 after buying an additional 208,409 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

CMA has been the subject of several research reports. Evercore ISI set a $89.00 price target on Comerica in a research note on Tuesday, January 6th. Wells Fargo & Company increased their target price on shares of Comerica from $65.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Royal Bank Of Canada lifted their target price on shares of Comerica from $75.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Morgan Stanley upgraded shares of Comerica from an “underweight” rating to an “equal weight” rating and set a $83.00 price target on the stock in a research note on Tuesday, October 7th. Finally, Citigroup lifted their price objective on shares of Comerica from $82.00 to $88.00 and gave the company a “neutral” rating in a research note on Tuesday, December 30th. Three equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $79.56.

Comerica Trading Up 0.1%

Comerica stock opened at $92.82 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.96 and a current ratio of 0.97. Comerica Incorporated has a fifty-two week low of $48.12 and a fifty-two week high of $99.41. The stock has a market cap of $11.86 billion, a P/E ratio of 17.55 and a beta of 1.03. The firm’s fifty day moving average price is $88.13 and its 200-day moving average price is $77.32.

Comerica (NYSE:CMA) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $1.46 EPS for the quarter, topping the consensus estimate of $1.28 by $0.18. The business had revenue of $850.00 million during the quarter, compared to analysts’ expectations of $851.32 million. Comerica had a return on equity of 10.74% and a net margin of 15.07%.During the same period in the previous year, the business earned $1.20 earnings per share. Equities research analysts forecast that Comerica Incorporated will post 5.28 earnings per share for the current fiscal year.

Comerica Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Monday, December 15th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, December 15th. Comerica’s dividend payout ratio is 53.69%.

Insider Activity at Comerica

In other news, insider James Mcgregor Carr sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $98.06, for a total transaction of $980,600.00. Following the sale, the insider owned 23,959 shares in the company, valued at approximately $2,349,419.54. This trade represents a 29.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP James Harry Weber sold 8,798 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $98.04, for a total transaction of $862,555.92. Following the completion of the transaction, the executive vice president owned 20,543 shares of the company’s stock, valued at $2,014,035.72. This trade represents a 29.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,662 shares of company stock valued at $2,680,538 over the last three months. 0.19% of the stock is owned by corporate insiders.

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.