Great Lakes Advisors LLC Has $8 Million Holdings in Comerica Incorporated $CMA

Great Lakes Advisors LLC lessened its position in Comerica Incorporated (NYSE:CMA) by 56.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,785 shares of the financial services provider’s stock after selling 152,216 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.09% of Comerica worth $8,002,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMA. Greenleaf Trust raised its stake in Comerica by 1.7% during the 3rd quarter. Greenleaf Trust now owns 7,753 shares of the financial services provider’s stock valued at $531,000 after purchasing an additional 131 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Comerica by 0.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 30,380 shares of the financial services provider’s stock valued at $2,082,000 after buying an additional 131 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in Comerica by 3.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,542 shares of the financial services provider’s stock valued at $311,000 after buying an additional 161 shares during the period. Geneos Wealth Management Inc. raised 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 buying an additional 176 shares during the period. Finally, Louisiana State Employees Retirement System lifted its stake in Comerica by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 37,000 shares of the financial services provider’s stock worth $2,207,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada upped their target price on Comerica from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Evercore ISI set a $89.00 price objective on shares of Comerica in a research note on Tuesday, January 6th. Citigroup increased their target price on shares of Comerica from $82.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 30th. UBS Group upgraded shares of Comerica from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a report on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $93.00 price target (up from $73.00) on shares of Comerica in a research note on Friday, October 10th. Three equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $79.56.

Insider Transactions at Comerica

In other Comerica news, EVP Allysun C. Fleming sold 8,864 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $94.47, for a total transaction of $837,382.08. Following the completion of the sale, the executive vice president owned 4,785 shares of the company’s stock, valued at $452,038.95. This represents a 64.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James Harry Weber sold 8,798 shares of Comerica stock in a transaction that occurred on Thursday, January 22nd. The shares were 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 directly owned 20,543 shares in the company, valued at approximately $2,014,035.72. This represents a 29.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 27,662 shares of company stock worth $2,680,538. 0.19% of the stock is owned by corporate insiders.

Comerica Stock Performance

CMA stock opened at $92.82 on Friday. The firm has a 50 day moving average of $88.13 and a two-hundred day moving average of $77.32. Comerica Incorporated has a 12 month low of $48.12 and a 12 month high of $99.41. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 17.55 and a beta of 1.03. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.74.

Comerica (NYSE:CMA) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.18. The business 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 10.74%. During the same quarter in the previous year, the business earned $1.20 EPS. As a group, equities analysts anticipate that Comerica Incorporated will post 5.28 EPS for the current fiscal year.

Comerica Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Monday, December 15th were paid a dividend of $0.71 per share. 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%.

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.