Comerica Incorporated (NYSE:CMA) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Comerica Incorporated (NYSE:CMA - Free Report) by 12.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,847 shares of the financial services provider's stock after acquiring an additional 9,052 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of Comerica worth $4,801,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in Comerica by 1.2% in the first quarter. Principal Financial Group Inc. now owns 161,243 shares of the financial services provider's stock worth $8,867,000 after purchasing an additional 1,858 shares during the last quarter. HB Wealth Management LLC grew its position in Comerica by 7.5% during the first quarter. HB Wealth Management LLC now owns 5,128 shares of the financial services provider's stock valued at $282,000 after buying an additional 356 shares during the period. Mission Wealth Management LP grew its position in Comerica by 11.3% during the first quarter. Mission Wealth Management LP now owns 6,322 shares of the financial services provider's stock valued at $348,000 after buying an additional 644 shares during the period. BNP Paribas Financial Markets increased its holdings in Comerica by 79.2% during the first quarter. BNP Paribas Financial Markets now owns 346,804 shares of the financial services provider's stock valued at $19,071,000 after buying an additional 153,301 shares during the last quarter. Finally, Blackhawk Capital Partners LLC. purchased a new stake in Comerica during the first quarter valued at approximately $204,000. Institutional investors own 80.74% of the company's stock.

Insider Buying and Selling

In related news, EVP James Harry Weber sold 6,500 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $63.23, for a total value of $410,995.00. Following the transaction, the executive vice president now owns 15,773 shares of the company's stock, valued at $997,326.79. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Comerica news, EVP Christine M. Moore sold 2,545 shares of the firm's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $57.51, for a total transaction of $146,362.95. Following the transaction, the executive vice president now owns 27,910 shares of the company's stock, valued at approximately $1,605,104.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James Harry Weber sold 6,500 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $63.23, for a total transaction of $410,995.00. Following the transaction, the executive vice president now directly owns 15,773 shares in the company, valued at $997,326.79. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,609 shares of company stock valued at $1,027,839 in the last 90 days. Company insiders own 0.19% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wedbush raised shares of Comerica from a "neutral" rating to an "outperform" rating and upped their target price for the company from $52.00 to $75.00 in a report on Tuesday, September 24th. DA Davidson upped their target price on shares of Comerica from $64.00 to $68.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Raymond James raised shares of Comerica from a "market perform" rating to an "outperform" rating and set a $60.00 target price for the company in a report on Tuesday, July 2nd. Piper Sandler upped their target price on shares of Comerica from $51.00 to $52.00 and gave the company a "neutral" rating in a report on Monday, July 22nd. Finally, Wells Fargo & Company increased their price objective on shares of Comerica from $43.00 to $51.00 and gave the stock an "underweight" rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $62.57.

Comerica Trading Up 0.1 %

Shares of Comerica stock traded up $0.05 during trading on Tuesday, hitting $62.72. The stock had a trading volume of 2,221,049 shares, compared to its average volume of 2,156,232. The firm's fifty day simple moving average is $58.82 and its 200-day simple moving average is $54.17. The stock has a market cap of $8.32 billion, a PE ratio of 12.45 and a beta of 1.23. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.96 and a quick ratio of 0.96. Comerica Incorporated has a 12 month low of $37.92 and a 12 month high of $66.06.

Comerica (NYSE:CMA - Get Free Report) last released its earnings results on Friday, October 18th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.16. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $806.49 million. Comerica had a net margin of 12.15% and a return on equity of 15.01%. During the same quarter last year, the business earned $1.84 EPS. As a group, sell-side analysts expect that Comerica Incorporated will post 5.12 EPS for the current fiscal year.

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.