Dimensional Fund Advisors LP Acquires 53,243 Shares of Comerica Incorporated $CMA

Dimensional Fund Advisors LP boosted its stake in Comerica Incorporated (NYSE:CMA) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,884,169 shares of the financial services provider’s stock after buying an additional 53,243 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.61% of Comerica worth $403,187,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Greenleaf Trust grew its position in Comerica by 1.7% during the 3rd quarter. Greenleaf Trust now owns 7,753 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 131 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Comerica by 0.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 30,380 shares of the financial services provider’s stock worth $2,082,000 after purchasing an additional 131 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in Comerica by 2.8% in the third quarter. Cresset Asset Management LLC now owns 5,073 shares of the financial services provider’s stock valued at $351,000 after buying an additional 139 shares during the period. Center for Financial Planning Inc. raised its position in shares of Comerica by 41.2% during the 3rd quarter. Center for Financial Planning Inc. now owns 514 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 150 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in Comerica by 3.7% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,542 shares of the financial services provider’s stock valued at $311,000 after buying an additional 161 shares during the period. 80.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Comerica in a research report on Wednesday, January 21st. Citigroup raised their price target on shares of Comerica from $82.00 to $88.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 30th. TD Cowen reaffirmed a “hold” rating on shares of Comerica in a research report on Wednesday, January 7th. Evercore set a $89.00 price target on shares of Comerica in a research report on Tuesday, January 6th. Finally, UBS Group upgraded Comerica from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research note on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $79.56.

Comerica Trading Down 2.0%

Shares of NYSE:CMA opened at $90.98 on Thursday. The company has a market capitalization of $11.63 billion, a P/E ratio of 17.20 and a beta of 1.04. Comerica Incorporated has a 1 year low of $48.12 and a 1 year high of $99.41. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.97 and a quick ratio of 0.96. The business’s 50 day simple moving average is $91.18 and its 200 day simple moving average is $81.52.

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

Insider Activity

In related news, EVP James Harry Weber sold 8,798 shares of the stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $98.04, for a total value of $862,555.92. Following the completion of the transaction, the executive vice president owned 20,543 shares of the company’s stock, valued at $2,014,035.72. This represents a 29.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James Mcgregor Carr sold 10,000 shares of the stock in a transaction on Thursday, January 22nd. The shares were 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 of the company’s stock, valued at $2,349,419.54. The trade was a 29.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 27,662 shares of company stock worth $2,680,538. Insiders own 1.10% of the company’s stock.

About Comerica

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.