Comerica Incorporated $CMA Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lessened its holdings in shares of Comerica Incorporated (NYSE:CMA) by 6.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,063,212 shares of the financial services provider’s stock after selling 136,920 shares during the quarter. Comerica accounts for 1.3% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 21st largest position. Vaughan Nelson Investment Management L.P. owned 1.61% of Comerica worth $141,371,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CMA. FNY Investment Advisers LLC purchased a new position in shares of Comerica during the 2nd quarter valued at approximately $35,000. Geneos Wealth Management Inc. raised its holdings in Comerica by 41.8% in the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 176 shares in the last quarter. Employees Retirement System of Texas bought a new position in Comerica during the 2nd quarter valued at $48,000. Proffitt & Goodson Inc. grew its holdings in Comerica by 64.1% during the 2nd quarter. Proffitt & Goodson Inc. now owns 1,011 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 395 shares in the last quarter. Finally, MAI Capital Management increased its position in shares of Comerica by 21.7% in the 2nd quarter. MAI Capital Management now owns 1,146 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 204 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMA has been the topic of several research analyst reports. Citigroup increased their price target on shares of Comerica from $82.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 30th. Weiss Ratings cut Comerica from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Cowen started coverage on Comerica in a report on Wednesday, September 24th. They set a “hold” rating on the stock. TD Cowen assumed coverage on Comerica in a research report on Thursday, September 25th. They set a “hold” rating and a $75.00 price target on the stock. Finally, Evercore ISI set a $89.00 price target on Comerica in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $78.50.

Comerica Stock Performance

Shares of CMA stock opened at $92.43 on Wednesday. The company has a market cap of $11.81 billion, a P/E ratio of 17.64 and a beta of 1.03. The business has a 50 day moving average of $82.96 and a two-hundred day moving average of $73.77. Comerica Incorporated has a 52 week low of $48.12 and a 52 week high of $92.69. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.77.

Comerica (NYSE:CMA) last announced its quarterly earnings results on Monday, December 9th. The financial services provider reported $1.53 earnings per share for the quarter. Comerica had a return on equity of 10.69% and a net margin of 14.91%.The business had revenue of $824.00 million for the quarter. As a group, analysts anticipate that Comerica Incorporated will post 5.28 EPS for the current year.

Comerica Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Monday, December 15th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, December 15th. Comerica’s dividend payout ratio (DPR) is presently 54.20%.

Comerica Company Profile

Comerica Incorporated is a diversified financial services company headquartered in Dallas, Texas, operating as Comerica Bank. The company offers a comprehensive suite of banking and financial solutions to businesses, professionals, and individuals. Its principal business activities encompass commercial banking services—such as treasury management, lending, and international trade finance—alongside retail banking products like deposit accounts, consumer loans, and credit cards. In addition, Comerica provides wealth management and trust services, financial advisory, and capital markets solutions to support clients’ complex financial needs.

Established in Detroit in 1849 as the Detroit Savings Fund Institute, Comerica has evolved over more than 170 years to become a regional banking leader.