Vanguard Personalized Indexing Management LLC Has $1.27 Million Stock Holdings in Comerica Incorporated (NYSE:CMA)

Vanguard Personalized Indexing Management LLC raised its holdings in Comerica Incorporated (NYSE:CMAFree Report) by 5.1% during the third quarter, Holdings Channel reports. The institutional investor owned 30,463 shares of the financial services provider’s stock after buying an additional 1,474 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Comerica were worth $1,266,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Meitav Investment House Ltd. bought a new position in shares of Comerica in the second quarter valued at $47,000. LSV Asset Management lifted its stake in shares of Comerica by 3.5% in the third quarter. LSV Asset Management now owns 678,976 shares of the financial services provider’s stock valued at $28,211,000 after buying an additional 22,800 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Comerica by 607.3% in the third quarter. Mackenzie Financial Corp now owns 303,143 shares of the financial services provider’s stock valued at $12,007,000 after buying an additional 260,286 shares in the last quarter. Hudson Bay Capital Management LP lifted its stake in shares of Comerica by 150.0% in the second quarter. Hudson Bay Capital Management LP now owns 250,000 shares of the financial services provider’s stock valued at $10,590,000 after buying an additional 150,000 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Comerica by 2.2% in the second quarter. BlackRock Inc. now owns 13,606,533 shares of the financial services provider’s stock valued at $576,373,000 after buying an additional 292,535 shares in the last quarter. 81.94% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Cassandra M. Mckinney sold 1,616 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $54.64, for a total value of $88,298.24. Following the completion of the transaction, the executive vice president now directly owns 8,314 shares in the company, valued at $454,276.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Comerica from an “overweight” rating to a “neutral” rating and set a $57.00 target price for the company. in a report on Tuesday, December 12th. Bank Of America (Bofa) increased their target price on shares of Comerica from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, January 18th. TheStreet upgraded shares of Comerica from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Royal Bank of Canada increased their target price on shares of Comerica from $50.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Finally, DA Davidson increased their target price on shares of Comerica from $49.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $55.98.

Check Out Our Latest Analysis on CMA

Comerica Price Performance

CMA stock opened at $51.35 on Friday. The firm has a 50 day moving average of $53.52 and a 200-day moving average of $47.77. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 1.03. Comerica Incorporated has a 12 month low of $28.40 and a 12 month high of $76.16. The firm has a market capitalization of $6.77 billion, a P/E ratio of 7.97 and a beta of 1.29.

Comerica (NYSE:CMAGet Free Report) last released its quarterly earnings data on Friday, January 19th. The financial services provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.08. Comerica had a net margin of 16.71% and a return on equity of 19.41%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $826.07 million. During the same period last year, the business earned $2.58 earnings per share. As a group, sell-side analysts predict that Comerica Incorporated will post 5.36 earnings per share for the current fiscal year.

Comerica Profile

(Free Report)

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, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services, as well as payment and card services for small and middle market businesses, multinational corporations, and governmental entities.

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Institutional Ownership by Quarter for Comerica (NYSE:CMA)

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