Oakworth Capital Inc. Raises Stock Position in Comerica Incorporated $CMA

Oakworth Capital Inc. increased its position in shares of Comerica Incorporated (NYSE:CMA) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,559 shares of the financial services provider’s stock after acquiring an additional 6,935 shares during the quarter. Comerica comprises 1.0% of Oakworth Capital Inc.’s holdings, making the stock its 26th biggest position. Oakworth Capital Inc.’s holdings in Comerica were worth $17,785,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. acquired a new position in Comerica during the 3rd quarter valued at approximately $1,160,000. Gateway Investment Advisers LLC increased its position in shares of 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 period. Nisa Investment Advisors LLC raised its stake in Comerica by 37.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 69,132 shares of the financial services provider’s stock worth $4,792,000 after acquiring an additional 18,864 shares during the last quarter. First Trust Advisors LP lifted its position in Comerica by 11.9% during the 2nd 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 period. Finally, Applied Finance Capital Management LLC purchased a new stake in Comerica during the 2nd quarter valued at about $207,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Comerica Trading Down 1.7%

CMA stock opened at $91.26 on Friday. Comerica Incorporated has a 52-week low of $48.12 and a 52-week high of $99.41. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.74. The firm has a market cap of $11.66 billion, a P/E ratio of 17.25 and a beta of 1.03. The company’s 50-day simple moving average is $88.40 and its 200-day simple moving average is $77.62.

Comerica (NYSE:CMA) last announced its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.18. The firm had revenue of $850.00 million during the quarter, compared to analyst estimates 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 previous year, the business earned $1.20 EPS. As a group, equities analysts forecast that Comerica Incorporated will post 5.28 EPS for the current fiscal year.

Comerica Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Monday, December 15th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, December 15th. Comerica’s dividend payout ratio is presently 53.69%.

Insider Activity

In other Comerica news, EVP Allysun C. Fleming sold 8,864 shares of the company’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $94.47, for a total transaction of $837,382.08. Following the completion of the transaction, the executive vice president directly owned 4,785 shares in the company, valued at approximately $452,038.95. This represents a 64.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction of $980,600.00. Following the transaction, the insider directly owned 23,959 shares in the company, valued at approximately $2,349,419.54. The trade was a 29.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 27,662 shares of company stock worth $2,680,538 in the last quarter. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CMA shares. Evercore ISI set a $89.00 price objective on Comerica in a research note on Tuesday, January 6th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $93.00 price target (up previously from $73.00) on shares of Comerica in a report on Friday, October 10th. TD Cowen restated a “hold” rating on shares of Comerica in a research note on Wednesday, January 7th. Piper Sandler set a $82.00 price objective on shares of Comerica and gave the company a “neutral” rating in a report on Tuesday, October 7th. Finally, Wells Fargo & Company upped their price target on shares of Comerica from $65.00 to $97.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Three analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Comerica currently has a consensus rating of “Hold” and a consensus price target of $79.56.

Comerica 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.