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Comerica Incorporated (NYSE:CMA) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lowered its position in shares of Comerica Incorporated (NYSE:CMAGet Rating) by 5.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,899 shares of the financial services provider’s stock after selling 206 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Comerica were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its holdings in Comerica by 8.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,055 shares of the financial services provider’s stock valued at $614,000 after purchasing an additional 552 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Comerica by 17.1% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 40,028 shares of the financial services provider’s stock valued at $3,547,000 after purchasing an additional 5,846 shares during the last quarter. Northern Trust Corp increased its holdings in Comerica by 1.1% in the 4th quarter. Northern Trust Corp now owns 1,326,594 shares of the financial services provider’s stock valued at $115,415,000 after purchasing an additional 14,736 shares during the last quarter. Savant Capital LLC increased its holdings in Comerica by 6.6% in the 4th quarter. Savant Capital LLC now owns 5,267 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 326 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in Comerica by 18.1% in the 4th quarter. ProShare Advisors LLC now owns 36,496 shares of the financial services provider’s stock valued at $3,174,000 after purchasing an additional 5,585 shares during the last quarter. Institutional investors and hedge funds own 80.14% of the company’s stock.

Insider Transactions at Comerica

In other news, EVP Peter L. Sefzik sold 7,287 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $83.78, for a total transaction of $610,504.86. Following the transaction, the executive vice president now directly owns 32,007 shares in the company, valued at $2,681,546.46. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.76% of the company’s stock.

Comerica Trading Down 3.1 %

NYSE CMA opened at $82.32 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $10.77 billion, a PE ratio of 12.02, a P/E/G ratio of 1.36 and a beta of 1.30. Comerica Incorporated has a one year low of $70.37 and a one year high of $102.09. The firm’s fifty day moving average is $77.53 and its two-hundred day moving average is $83.93.

Comerica (NYSE:CMAGet Rating) last posted its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.15. Comerica had a net margin of 30.42% and a return on equity of 13.63%. During the same period last year, the firm earned $2.32 EPS. Analysts expect that Comerica Incorporated will post 8.41 earnings per share for the current year.

Comerica Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Thursday, September 15th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $2.72 dividend on an annualized basis and a yield of 3.30%. Comerica’s dividend payout ratio is presently 39.71%.

Analyst Ratings Changes

CMA has been the subject of several recent research reports. Jefferies Financial Group decreased their price target on shares of Comerica from $100.00 to $86.00 in a research report on Monday, July 11th. TheStreet raised shares of Comerica from a “c+” rating to a “b-” rating in a research report on Friday, August 12th. The Goldman Sachs Group decreased their price target on shares of Comerica from $104.00 to $93.00 and set a “neutral” rating for the company in a research report on Tuesday, May 31st. Truist Financial decreased their price target on shares of Comerica from $103.00 to $98.00 and set a “buy” rating for the company in a research report on Wednesday, June 15th. Finally, B. Riley decreased their price objective on shares of Comerica from $90.00 to $80.00 in a research report on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.45.

Comerica Profile

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Comerica Incorporated, through its subsidiaries, provides various financial products and services. It 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 for small and middle market businesses, multinational corporations, and governmental entities.

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