Russell Investments Group Ltd. Has $19.89 Million Position in Comerica Incorporated (NYSE:CMA)

Russell Investments Group Ltd. raised its holdings in Comerica Incorporated (NYSE:CMA - Free Report) by 44.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 321,516 shares of the financial services provider's stock after acquiring an additional 99,192 shares during the quarter. Russell Investments Group Ltd. owned about 0.24% of Comerica worth $19,885,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Trust Co. of Vermont lifted its stake in shares of Comerica by 300.0% in the 4th 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 bought a new position in Comerica during the fourth quarter valued at about $31,000. MCF Advisors LLC boosted its stake in shares of Comerica by 56.3% during the 4th quarter. MCF Advisors LLC now owns 633 shares of the financial services provider's stock worth $39,000 after acquiring an additional 228 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Comerica during the 3rd quarter worth about $42,000. Finally, V Square Quantitative Management LLC raised its stake 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 acquiring an additional 221 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CMA shares. Robert W. Baird raised their target price on shares of Comerica from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. Stephens lowered Comerica from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $66.00 to $64.00 in a research note on Monday, March 31st. Truist Financial raised Comerica to a "hold" rating in a report on Monday, January 6th. DA Davidson cut their price target on Comerica from $71.00 to $67.00 and set a "neutral" rating for the company in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Comerica from $73.00 to $70.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $68.16.

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Comerica Price Performance

CMA traded down $0.47 during trading on Friday, hitting $50.83. The company's stock had a trading volume of 2,619,047 shares, compared to its average volume of 2,205,572. The firm's 50 day moving average price is $60.35 and its two-hundred day moving average price is $63.12. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 10.13 and a beta of 0.96. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.09. Comerica Incorporated has a 12 month low of $45.32 and a 12 month high of $73.45.

Comerica (NYSE:CMA - Get Free Report) last announced 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 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 was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a $0.71 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.84 annualized dividend and a yield of 5.59%. Comerica's dividend payout ratio is currently 56.57%.

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.