Charles Schwab Investment Management Inc. Increases Stock Position in Comerica Incorporated (NYSE:CMA)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Comerica Incorporated (NYSE:CMA - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,431,556 shares of the financial services provider's stock after buying an additional 125,514 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 3.37% of Comerica worth $274,092,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CMA. Trust Co. of Vermont boosted its position in Comerica by 300.0% during the 4th quarter. Trust Co. of Vermont now owns 428 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 321 shares in the last quarter. Luken Investment Analytics LLC purchased a new position in Comerica in the fourth quarter valued at about $31,000. MCF Advisors LLC raised its holdings in Comerica by 56.3% in the fourth quarter. MCF Advisors LLC now owns 633 shares of the financial services provider's stock worth $39,000 after purchasing an additional 228 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Comerica during the third quarter valued at about $42,000. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Comerica by 36.7% in the 4th quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider's stock valued at $51,000 after buying an additional 221 shares in the last quarter. Institutional investors own 80.74% of the company's stock.

Wall Street Analyst Weigh In

CMA has been the subject of a number of analyst reports. Barclays increased their target price on shares of Comerica from $66.00 to $68.00 and gave the company an "underweight" rating in a research report on Monday, January 6th. Compass Point increased their price objective on Comerica from $64.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Piper Sandler boosted their target price on Comerica from $64.00 to $72.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. DA Davidson decreased their price target on Comerica from $71.00 to $67.00 and set a "neutral" rating for the company in a research note on Thursday, January 23rd. Finally, Robert W. Baird raised their price target on Comerica from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $68.67.

Comerica Price Performance

Shares of CMA opened at $59.41 on Thursday. The business's 50-day moving average is $64.48 and its two-hundred day moving average is $63.31. The company has a market capitalization of $7.80 billion, a P/E ratio of 11.83 and a beta of 1.25. Comerica Incorporated has a fifty-two week low of $45.32 and a fifty-two 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.

Comerica (NYSE:CMA - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $1.20 EPS for the quarter, missing the consensus estimate 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 last year, the business earned $1.46 EPS. Research analysts predict that Comerica Incorporated will post 5.28 earnings per share for the current year.

Comerica Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend is Friday, March 14th. Comerica's dividend payout ratio (DPR) is 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.

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