3,727 Shares in Comerica Incorporated (NYSE:CMA) Acquired by Mather Group LLC.

Mather Group LLC. acquired a new stake in Comerica Incorporated (NYSE:CMA) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 3,727 shares of the financial services provider’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Comerica in the third quarter valued at about $756,000. Raymond James & Associates grew its position in shares of Comerica by 34.0% during the 3rd quarter. Raymond James & Associates now owns 172,199 shares of the financial services provider’s stock worth $7,155,000 after buying an additional 43,679 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Comerica by 3.5% during the third quarter. Bank of New York Mellon Corp now owns 1,267,247 shares of the financial services provider’s stock worth $52,654,000 after buying an additional 42,641 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Comerica by 13.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,628 shares of the financial services provider’s stock valued at $1,106,000 after buying an additional 3,130 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in Comerica by 607.3% in the third quarter. Mackenzie Financial Corp now owns 303,143 shares of the financial services provider’s stock valued at $12,007,000 after acquiring an additional 260,286 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Comerica

In other news, EVP Cassandra M. Mckinney sold 7,271 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $52.59, for a total transaction of $382,381.89. Following the transaction, the executive vice president now directly owns 7,236 shares in the company, valued at approximately $380,541.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Comerica news, EVP Wendy Bridges sold 3,034 shares of Comerica stock in a transaction on Monday, February 12th. The shares were sold at an average price of $52.74, for a total transaction of $160,013.16. Following the completion of the transaction, the executive vice president now directly owns 17,460 shares of the company’s stock, valued at $920,840.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Cassandra M. Mckinney sold 7,271 shares of Comerica stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $52.59, for a total transaction of $382,381.89. Following the sale, the executive vice president now directly owns 7,236 shares of the company’s stock, valued at approximately $380,541.24. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on CMA shares. Keefe, Bruyette & Woods dropped their target price on shares of Comerica from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Monday, January 22nd. Royal Bank of Canada increased their target price on Comerica from $61.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. UBS Group decreased their target price on Comerica from $59.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Truist Financial cut their price target on shares of Comerica from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Finally, Jefferies Financial Group decreased their price objective on shares of Comerica from $65.00 to $60.00 and set a “buy” rating for the company in a report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Comerica currently has a consensus rating of “Hold” and a consensus target price of $56.98.

Comerica Trading Up 2.3 %

Shares of NYSE:CMA opened at $53.07 on Friday. The stock has a market capitalization of $7.04 billion, a PE ratio of 10.55 and a beta of 1.27. The company’s 50-day moving average price is $51.62 and its two-hundred day moving average price is $49.93. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.95 and a quick ratio of 0.94. Comerica Incorporated has a one year low of $28.40 and a one year high of $57.39.

Comerica (NYSE:CMA) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.13 by $0.16. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $807.57 million. Comerica had a return on equity of 16.51% and a net margin of 13.11%. During the same period in the prior year, the firm posted $2.39 earnings per share. On average, equities analysts forecast that Comerica Incorporated will post 5.16 EPS for the current fiscal year.

Comerica Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 5.35%. The ex-dividend date of this dividend is Friday, June 14th. Comerica’s dividend payout ratio (DPR) is currently 56.46%.

About Comerica

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.