Universal Beteiligungs und Servicegesellschaft mbH Increases Holdings in Comerica Incorporated $CMA

Universal Beteiligungs und Servicegesellschaft mbH increased its position in Comerica Incorporated (NYSE:CMA) by 23.0% during the third quarter, HoldingsChannel.com reports. The fund owned 72,587 shares of the financial services provider’s stock after acquiring an additional 13,558 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Comerica were worth $4,974,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. purchased a new position in shares of Comerica in the third quarter valued at $1,160,000. Gateway Investment Advisers LLC grew its stake in Comerica by 87.6% in the 3rd quarter. Gateway Investment Advisers LLC now owns 50,686 shares of the financial services provider’s stock valued at $3,473,000 after acquiring an additional 23,675 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Comerica by 37.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 69,132 shares of the financial services provider’s stock valued at $4,792,000 after acquiring an additional 18,864 shares in the last quarter. First Trust Advisors LP raised its position in Comerica by 11.9% during the second quarter. First Trust Advisors LP now owns 654,103 shares of the financial services provider’s stock worth $39,017,000 after acquiring an additional 69,392 shares during the last quarter. Finally, Applied Finance Capital Management LLC acquired a new stake in shares of Comerica in the second quarter valued at approximately $207,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMA. Royal Bank Of Canada boosted their price target on Comerica from $75.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Wells Fargo & Company boosted their target price on shares of Comerica from $65.00 to $97.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. TD Cowen reaffirmed a “hold” rating on shares of Comerica in a research note on Wednesday, January 7th. UBS Group raised shares of Comerica from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research report on Tuesday, January 6th. Finally, Piper Sandler set a $82.00 target price on shares of Comerica and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Three investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $79.56.

Comerica Price Performance

CMA opened at $94.23 on Tuesday. Comerica Incorporated has a 52-week low of $48.12 and a 52-week high of $99.41. The company has a 50 day moving average of $87.10 and a two-hundred day moving average of $76.88. The company has a market cap of $12.04 billion, a P/E ratio of 17.81 and a beta of 1.03. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.74.

Comerica (NYSE:CMA) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.18. The company had revenue of $850.00 million during the quarter, compared to the consensus estimate of $851.32 million. Comerica had a return on equity of 10.74% and a net margin of 15.07%.During the same quarter in the prior year, the business earned $1.20 earnings per share. On average, analysts expect that Comerica Incorporated will post 5.28 earnings per share for the current year.

Comerica Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Monday, December 15th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, December 15th. Comerica’s payout ratio is 53.69%.

Insider Buying and Selling at Comerica

In other news, insider James Mcgregor Carr sold 10,000 shares of Comerica stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $98.06, for a total value of $980,600.00. Following the completion of the transaction, the insider owned 23,959 shares in the company, valued at approximately $2,349,419.54. This trade represents a 29.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James Harry Weber sold 8,798 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $98.04, for a total transaction of $862,555.92. Following the sale, the executive vice president owned 20,543 shares of the company’s stock, valued at approximately $2,014,035.72. The trade was a 29.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

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.