Comerica Incorporated (NYSE:CMA) Shares Sold by Lakeshore Financial Planning Inc.

Lakeshore Financial Planning Inc. decreased its position in Comerica Incorporated (NYSE:CMA) by 3.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,106 shares of the financial services provider’s stock after selling 247 shares during the period. Lakeshore Financial Planning Inc.’s holdings in Comerica were worth $440,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Trust Co. of Vermont grew its holdings in Comerica by 300.0% in the fourth quarter. Trust Co. of Vermont now owns 428 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 321 shares during the last quarter. Luken Investment Analytics LLC acquired a new stake in shares of Comerica during the fourth quarter valued at $31,000. MCF Advisors LLC boosted its stake in shares of Comerica by 56.3% during the fourth quarter. MCF Advisors LLC now owns 633 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 228 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Comerica during the third quarter valued at $42,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of Comerica by 36.7% during the fourth quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 221 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Comerica Price Performance

Shares of CMA opened at $59.04 on Friday. The company has a market cap of $7.75 billion, a P/E ratio of 11.76 and a beta of 1.23. The stock has a fifty day moving average price of $63.49 and a 200 day moving average price of $63.36. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.97. Comerica Incorporated has a 12 month low of $45.32 and a 12 month high of $73.45.

Comerica (NYSE:CMA) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.20 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 period in the prior year, the company earned $1.46 EPS. On average, research analysts forecast that Comerica Incorporated will post 5.28 earnings per share for the current year.

Comerica Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.84 annualized dividend and a dividend yield of 4.81%. Comerica’s dividend payout ratio (DPR) is 56.57%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CMA. Stephens reaffirmed an “overweight” rating and set a $72.00 price objective on shares of Comerica in a research note on Wednesday, March 5th. Truist Financial raised Comerica to a “hold” rating in a research note on Monday, January 6th. UBS Group began coverage on Comerica in a report on Tuesday, December 17th. They issued a “sell” rating and a $64.00 price target for the company. Piper Sandler lifted their price target on Comerica from $64.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods lowered their price target on Comerica from $82.00 to $77.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $68.29.

Comerica 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.