Ensign Peak Advisors Inc Has $5.80 Million Stock Holdings in Comerica Incorporated (NYSE:CMA)

Ensign Peak Advisors Inc raised its holdings in shares of Comerica Incorporated (NYSE:CMA - Free Report) by 27.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,766 shares of the financial services provider's stock after buying an additional 20,153 shares during the period. Ensign Peak Advisors Inc owned about 0.07% of Comerica worth $5,799,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Trust Co. of Vermont increased its stake in shares of Comerica by 300.0% in the fourth quarter. Trust Co. of Vermont now owns 428 shares of the financial services provider's stock worth $26,000 after purchasing an additional 321 shares during the period. Luken Investment Analytics LLC acquired a new stake in Comerica in the 4th quarter valued at $31,000. MCF Advisors LLC increased its position 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 purchasing an additional 228 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in Comerica by 36.7% during the 4th quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 221 shares during the last quarter. Finally, Quarry LP lifted its position in shares of Comerica by 152.0% during the fourth quarter. Quarry LP now owns 867 shares of the financial services provider's stock worth $54,000 after purchasing an additional 523 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Comerica Price Performance

CMA stock traded down $0.16 during midday trading on Monday, reaching $58.63. 240,227 shares of the stock were exchanged, compared to its average volume of 2,196,669. Comerica Incorporated has a 52 week low of $45.32 and a 52 week high of $73.45. The company has a fifty day moving average price of $55.56 and a 200 day moving average price of $62.02. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $7.71 billion, a PE ratio of 11.68 and a beta of 0.92.

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 for the quarter, topping the consensus estimate of $1.14 by $0.11. Comerica had a net margin of 13.98% and a return on equity of 12.04%. The company had revenue of $829.00 million for the quarter, compared to analysts' expectations of $839.31 million. During the same quarter in the previous year, the firm posted $1.29 earnings per share. As a group, analysts expect that Comerica Incorporated will post 5.28 EPS for the current fiscal year.

Comerica Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, June 13th will be issued a dividend of $0.71 per share. The ex-dividend date is Friday, June 13th. This represents a $2.84 annualized dividend and a yield of 4.84%. Comerica's payout ratio is 53.69%.

Analyst Upgrades and Downgrades

CMA has been the topic of a number of recent analyst reports. Robert W. Baird reduced their price target on shares of Comerica from $80.00 to $75.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Argus raised shares of Comerica to a "hold" rating in a research report on Friday, January 31st. Evercore ISI cut shares of Comerica from an "in-line" rating to an "underperform" rating and cut their price objective for the company from $65.00 to $50.00 in a research report on Tuesday, April 22nd. Truist Financial lowered their target price on Comerica from $65.00 to $57.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Finally, DA Davidson reduced their price objective on Comerica from $71.00 to $67.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $63.22.

About Comerica

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.