Mutual of America Capital Management LLC Has $4.30 Million Stock Holdings in Comerica Incorporated (NYSE:CMA)

Mutual of America Capital Management LLC boosted its position in shares of Comerica Incorporated (NYSE:CMA - Free Report) by 248.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 69,470 shares of the financial services provider's stock after purchasing an additional 49,516 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Comerica worth $4,297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PL Capital Advisors LLC grew its holdings in shares of Comerica by 6,085.0% during the 4th quarter. PL Capital Advisors LLC now owns 1,778,188 shares of the financial services provider's stock valued at $109,981,000 after acquiring an additional 1,749,438 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Comerica by 390.6% in the 3rd quarter. Citigroup Inc. now owns 761,601 shares of the financial services provider's stock valued at $45,628,000 after purchasing an additional 606,375 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Comerica by 31.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,408,820 shares of the financial services provider's stock valued at $144,312,000 after purchasing an additional 574,516 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Comerica by 134.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 856,431 shares of the financial services provider's stock valued at $51,309,000 after purchasing an additional 490,468 shares during the last quarter. Finally, Primecap Management Co. CA acquired a new stake in shares of Comerica in the 3rd quarter valued at $26,630,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

CMA has been the subject of several analyst reports. Barclays lifted their price objective on shares of Comerica from $66.00 to $68.00 and gave the company an "underweight" rating in a research note on Monday, January 6th. The Goldman Sachs Group lowered shares of Comerica from a "buy" rating to a "neutral" rating and cut their target price for the stock from $85.00 to $71.00 in a research report on Tuesday, January 7th. Robert W. Baird boosted their target price 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. Truist Financial raised shares of Comerica to a "hold" rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of Comerica from $73.00 to $70.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Comerica currently has a consensus rating of "Hold" and a consensus target price of $68.67.

Comerica Price Performance

Shares of CMA stock traded down $0.13 during trading hours on Friday, reaching $58.34. 3,154,148 shares of the company were exchanged, compared to its average volume of 2,121,578. Comerica Incorporated has a fifty-two week low of $45.32 and a fifty-two week high of $73.45. The stock's fifty day moving average is $64.34 and its two-hundred day moving average is $63.25. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 11.62 and a beta of 1.23. 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 (NYSE:CMA - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.05). Comerica had a net margin of 13.98% and a return on equity of 12.04%. During the same quarter last year, the business earned $1.46 earnings per share. Sell-side analysts forecast that Comerica Incorporated will post 5.28 earnings per share for the current fiscal year.

Comerica Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.71 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.84 annualized dividend and a yield of 4.87%. Comerica's dividend payout ratio is currently 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.