Natixis Has $7.55 Million Stock Holdings in Comerica Incorporated (NYSE:CMA)

Natixis cut its position in Comerica Incorporated (NYSE:CMA - Free Report) by 21.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,120 shares of the financial services provider's stock after selling 33,901 shares during the period. Natixis owned 0.09% of Comerica worth $7,553,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont boosted its holdings 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 worth $26,000 after acquiring an additional 321 shares in the last quarter. Luken Investment Analytics LLC bought a new position in Comerica in the 4th quarter valued at $31,000. MCF Advisors LLC boosted its stake 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 bought a new stake in shares of Comerica during the third quarter worth $42,000. Finally, V Square Quantitative Management LLC increased its stake in shares of Comerica by 36.7% in the fourth 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. 80.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CMA. Barclays increased their price objective on shares of Comerica from $66.00 to $68.00 and gave the stock an "underweight" rating in a report on Monday, January 6th. Evercore ISI cut shares of Comerica from an "in-line" rating to an "underperform" rating and decreased their price target for the company from $65.00 to $50.00 in a research note on Tuesday. UBS Group upgraded shares of Comerica from a "sell" rating to a "neutral" rating and set a $59.00 price objective for the company in a research report on Thursday, April 10th. Keefe, Bruyette & Woods decreased their price objective on Comerica from $77.00 to $68.00 and set an "outperform" rating on the stock in a research report on Tuesday. Finally, Truist Financial lowered their target price on Comerica from $65.00 to $57.00 and set a "hold" rating for the company in a research note on Tuesday. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $62.84.

Comerica Trading Down 0.5 %

Comerica stock traded down $0.25 during mid-day trading on Friday, hitting $53.12. 725,340 shares of the company's stock were exchanged, compared to its average volume of 2,213,733. Comerica Incorporated has a fifty-two week low of $45.32 and a fifty-two week high of $73.45. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $6.97 billion, a P/E ratio of 10.58 and a beta of 0.96. The company's 50 day simple moving average is $57.38 and its 200-day simple moving average is $62.65.

Comerica (NYSE:CMA - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.11. Comerica had a return on equity of 12.04% and a net margin of 13.98%. The business had revenue of $829.00 million during the quarter, compared to analyst estimates of $839.31 million. During the same period in the previous year, the firm earned $1.29 EPS. On average, equities analysts anticipate that Comerica Incorporated will post 5.28 earnings per share for the current year.

Comerica Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 5.35%. Comerica's payout ratio 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.