17,450 Shares in Comerica Incorporated (NYSE:CMA) Bought by Nomura Holdings Inc.

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

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in Comerica by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,035,820 shares of the financial services provider's stock worth $311,464,000 after purchasing an additional 114,072 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Comerica by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,431,556 shares of the financial services provider's stock worth $274,092,000 after purchasing an additional 125,514 shares during the period. North Reef Capital Management LP increased its stake in Comerica by 15.7% during the fourth quarter. North Reef Capital Management LP now owns 4,050,000 shares of the financial services provider's stock worth $250,492,000 after purchasing an additional 550,000 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Comerica by 3.0% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,481,211 shares of the financial services provider's stock worth $153,462,000 after purchasing an additional 72,391 shares during the period. Finally, Geode Capital Management LLC increased its stake in Comerica by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 2,214,963 shares of the financial services provider's stock worth $137,039,000 after purchasing an additional 103,118 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CMA shares. Truist Financial cut their price target on shares of Comerica from $65.00 to $57.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lowered shares of Comerica from a "neutral" rating to an "underweight" rating and cut their target price for the stock from $64.00 to $52.00 in a research note on Tuesday, April 22nd. Stephens lowered shares of Comerica from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $66.00 to $64.00 in a research note on Monday, March 31st. The Goldman Sachs Group cut their target price on shares of Comerica from $66.00 to $57.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, UBS Group upgraded shares of Comerica from a "sell" rating to a "neutral" rating and set a $59.00 target price on the stock in a research note on Thursday, April 10th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $62.37.

Comerica Stock Down 0.3%

CMA traded down $0.14 on Friday, reaching $56.22. The company's stock had a trading volume of 1,514,231 shares, compared to its average volume of 2,192,477. The stock has a 50 day moving average of $55.49 and a two-hundred day moving average of $61.77. 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 $7.39 billion, a price-to-earnings ratio of 11.20 and a beta of 0.92. Comerica Incorporated has a fifty-two week low of $45.32 and a fifty-two week high of $73.45.

Comerica (NYSE:CMA - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.11. The firm had revenue of $829.00 million during the quarter, compared to the consensus estimate of $839.31 million. Comerica had a return on equity of 12.04% and a net margin of 13.98%. During the same period in the prior year, the company posted $1.29 earnings per share. As a group, analysts forecast that Comerica Incorporated will post 5.28 EPS for the current fiscal year.

Comerica Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, June 13th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Friday, June 13th. Comerica's payout ratio is currently 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.