Barrow Hanley Mewhinney & Strauss LLC Boosts Stock Holdings in Comerica Incorporated (NYSE:CMA)

Barrow Hanley Mewhinney & Strauss LLC increased its stake in Comerica Incorporated (NYSE:CMA - Free Report) by 29.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,149,591 shares of the financial services provider's stock after buying an additional 492,381 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 1.63% of Comerica worth $132,952,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CMA. Luken Investment Analytics LLC purchased a new position in shares of Comerica during the fourth quarter worth approximately $31,000. MCF Advisors LLC increased its holdings in 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 during the period. V Square Quantitative Management LLC raised its position 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 in the last quarter. Quarry LP lifted its holdings in shares of Comerica by 152.0% in the 4th quarter. Quarry LP now owns 867 shares of the financial services provider's stock worth $54,000 after buying an additional 523 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Comerica by 64.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,362 shares of the financial services provider's stock valued at $84,000 after buying an additional 533 shares during the period. Hedge funds and other institutional investors own 80.74% of the company's stock.

Comerica Stock Up 2.1%

Shares of CMA traded up $1.20 during mid-day trading on Tuesday, hitting $57.39. 1,373,789 shares of the company traded hands, compared to its average volume of 2,189,698. Comerica Incorporated has a 1-year low of $45.32 and a 1-year 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 company has a market capitalization of $7.54 billion, a PE ratio of 11.43 and a beta of 0.92. The business has a 50 day moving average of $55.43 and a 200 day moving average of $61.64.

Comerica (NYSE:CMA - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $839.31 million. During the same quarter in the prior year, the company earned $1.29 EPS. Equities research analysts anticipate that Comerica Incorporated will post 5.28 EPS for the current year.

Comerica Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.95%. The ex-dividend date is Friday, June 13th. Comerica's dividend payout ratio (DPR) is 53.69%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CMA. The Goldman Sachs Group lowered their price objective on shares of Comerica from $66.00 to $57.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Truist Financial lowered their price objective on shares of Comerica from $65.00 to $57.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lowered shares of Comerica from a "neutral" rating to an "underweight" rating and lowered their price objective for the stock from $64.00 to $52.00 in a research note on Tuesday, April 22nd. Keefe, Bruyette & Woods lowered their price objective on shares of Comerica from $77.00 to $68.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, Morgan Stanley lowered shares of Comerica from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $63.00 to $55.00 in a research note on Monday, April 7th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Comerica currently has an average rating of "Hold" and an average price target of $62.37.

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.