Nomura Holdings Inc. Makes New Investment in Comerica Incorporated (NYSE:CMA)

Nomura Holdings Inc. bought a new position in shares of Comerica Incorporated (NYSE:CMA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,450 shares of the financial services provider's stock, valued at approximately $1,079,000.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its position in shares of Comerica by 5.2% during the fourth quarter. Blue Trust Inc. now owns 4,040 shares of the financial services provider's stock valued at $242,000 after acquiring an additional 200 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Comerica by 2.0% during the fourth quarter. Bessemer Group Inc. now owns 10,859 shares of the financial services provider's stock valued at $672,000 after acquiring an additional 211 shares during the last quarter. V Square Quantitative Management LLC increased its position in shares of Comerica by 36.7% during the fourth 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 during the last quarter. US Bancorp DE increased its position in shares of Comerica by 2.0% during the fourth quarter. US Bancorp DE now owns 11,823 shares of the financial services provider's stock valued at $731,000 after acquiring an additional 227 shares during the last quarter. Finally, MCF Advisors LLC increased its position in shares of Comerica by 56.3% during the fourth quarter. MCF Advisors LLC now owns 633 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 228 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Truist Financial dropped their price target on shares of Comerica from $65.00 to $57.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Raymond James dropped their price target on shares of Comerica from $72.00 to $67.00 and set an "outperform" rating for the company in a research report on Wednesday, April 2nd. Morgan Stanley cut shares of Comerica from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $63.00 to $55.00 in a report on Monday, April 7th. The Goldman Sachs Group dropped their price objective on shares of Comerica from $66.00 to $57.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, Stephens cut shares of Comerica from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $66.00 to $64.00 in a report on Monday, March 31st. Five 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, the stock has an average rating of "Hold" and a consensus target price of $63.22.

Comerica Stock Up 1.3%

CMA stock opened at $58.81 on Monday. The company has a fifty day moving average price of $55.56 and a 200 day moving average price of $62.02. Comerica Incorporated has a 12 month low of $45.32 and a 12 month high of $73.45. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 11.71 and a beta of 0.92. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.97.

Comerica (NYSE:CMA - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.25 EPS for the quarter, beating 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 firm had revenue of $829.00 million during the quarter, compared to the consensus estimate of $839.31 million. During the same quarter in the prior year, the firm earned $1.29 EPS. Sell-side analysts expect that Comerica Incorporated will post 5.28 earnings per share for the current year.

Comerica Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, June 13th will be given a $0.71 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.84 annualized dividend and a yield of 4.83%. Comerica's dividend payout ratio (DPR) is 53.69%.

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.

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