Comerica Incorporated (NYSE:CMA) Shares Acquired by LHM Inc.

LHM Inc. boosted its stake in Comerica Incorporated (NYSE:CMA) by 209.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,252 shares of the financial services provider’s stock after purchasing an additional 91,512 shares during the period. Comerica comprises approximately 2.7% of LHM Inc.’s investment portfolio, making the stock its 10th biggest position. LHM Inc. owned approximately 0.10% of Comerica worth $8,461,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CMA. State Street Corp grew its holdings in Comerica by 2.0% during the 3rd quarter. State Street Corp now owns 4,977,670 shares of the financial services provider’s stock worth $301,745,000 after acquiring an additional 96,084 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Comerica by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,431,556 shares of the financial services provider’s stock worth $274,092,000 after acquiring an additional 125,514 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in Comerica by 3.0% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,481,211 shares of the financial services provider’s stock worth $153,462,000 after acquiring an additional 72,391 shares during the period. Azora Capital LP grew its holdings in Comerica by 7.8% during the 3rd quarter. Azora Capital LP now owns 2,230,369 shares of the financial services provider’s stock worth $133,621,000 after acquiring an additional 161,181 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Comerica by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,111,845 shares of the financial services provider’s stock worth $126,555,000 after acquiring an additional 29,661 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CMA. UBS Group began coverage on shares of Comerica in a research report on Tuesday, December 17th. They set a “sell” rating and a $64.00 price objective on the stock. Robert W. Baird increased their price objective on shares of Comerica from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. DA Davidson cut their price objective on shares of Comerica from $71.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Piper Sandler increased their price objective on shares of Comerica from $64.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Truist Financial raised shares of Comerica to a “hold” rating in a research report on Monday, January 6th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $68.67.

Comerica Stock Performance

NYSE CMA opened at $59.41 on Thursday. Comerica Incorporated has a 52-week low of $45.32 and a 52-week high of $73.45. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $7.80 billion, a P/E ratio of 11.83 and a beta of 1.25. The company has a fifty day moving average of $64.48 and a 200-day moving average of $63.31.

Comerica (NYSE:CMA) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share (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 EPS. As a group, equities research analysts predict that Comerica Incorporated will post 5.28 EPS for the current fiscal year.

Comerica Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 4.78%. The ex-dividend date is Friday, March 14th. Comerica’s dividend payout ratio is presently 56.57%.

Comerica Company Profile

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.