Dimensional Fund Advisors LP Has $403.19 Million Position in Comerica Incorporated $CMA

Dimensional Fund Advisors LP increased its stake in Comerica Incorporated (NYSE:CMA) by 0.9% during the third quarter, Holdings Channel.com reports. The fund owned 5,884,169 shares of the financial services provider’s stock after buying an additional 53,243 shares during the period. Dimensional Fund Advisors LP’s holdings in Comerica were worth $403,187,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CMA. United Community Bank bought a new stake in shares of Comerica during the 3rd quarter valued at about $26,000. Center for Financial Planning Inc. increased its stake in 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 purchasing an additional 150 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Comerica by 41.8% during the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 176 shares in the last quarter. Root Financial Partners LLC bought a new stake in Comerica during the 3rd quarter worth approximately $40,000. Finally, Employees Retirement System of Texas bought a new stake in Comerica during the second quarter worth $48,000. Institutional investors own 80.74% of the company’s stock.

Comerica Trading Down 2.0%

Shares of CMA stock opened at $90.98 on Thursday. The stock has a market capitalization of $11.63 billion, a PE 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 has a 50-day moving average of $91.18 and a 200 day moving average of $81.52.

Comerica (NYSE:CMA) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.18. Comerica had a net margin of 15.07% and a return on equity of 10.74%. The firm had revenue of $850.00 million for the quarter, compared to analysts’ expectations of $851.32 million. During the same quarter in the previous year, the company earned $1.20 earnings per share. As a group, sell-side analysts anticipate that Comerica Incorporated will post 5.28 earnings per share for the current year.

Insider Buying and Selling at Comerica

In related news, EVP James Harry Weber sold 8,798 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $98.04, for a total value of $862,555.92. Following the sale, the executive vice president directly owned 20,543 shares of the company’s stock, valued at $2,014,035.72. This represents a 29.99% decrease in their ownership of the stock. 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 business’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $98.06, for a total transaction of $980,600.00. Following the sale, the insider directly owned 23,959 shares in the company, valued at $2,349,419.54. The trade was a 29.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 27,662 shares of company stock valued at $2,680,538. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.