MADDEN SECURITIES Corp Cuts Stake in Comerica Incorporated $CMA

MADDEN SECURITIES Corp trimmed its position in Comerica Incorporated (NYSE:CMA) by 54.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 29,711 shares of the financial services provider’s stock after selling 36,101 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Comerica were worth $2,036,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Greenleaf Trust lifted its position in shares of Comerica by 1.7% in the third quarter. Greenleaf Trust now owns 7,753 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 131 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in Comerica by 3.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,542 shares of the financial services provider’s stock valued at $311,000 after purchasing an additional 161 shares in the last quarter. Lynx Investment Advisory lifted its holdings in Comerica by 3.3% in the 2nd quarter. Lynx Investment Advisory now owns 5,135 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 163 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Comerica by 41.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 176 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Comerica by 19.6% during the second quarter. Parallel Advisors LLC now owns 1,152 shares of the financial services provider’s stock worth $69,000 after buying an additional 189 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Comerica Stock Performance

Comerica stock opened at $91.53 on Friday. The firm has a 50 day simple moving average of $83.86 and a 200-day simple moving average of $74.26. The stock has a market cap of $11.70 billion, a price-to-earnings ratio of 17.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.96 and a quick ratio of 0.96. Comerica Incorporated has a 1-year low of $48.12 and a 1-year high of $93.78.

Comerica (NYSE:CMA) last released its quarterly earnings data on Monday, December 9th. The financial services provider reported $1.53 EPS for the quarter. The firm had revenue of $824.00 million for the quarter. Comerica had a return on equity of 10.69% and a net margin of 14.91%. On average, analysts expect that Comerica Incorporated will post 5.28 EPS for the current year.

Comerica Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Monday, December 15th were issued a dividend of $0.71 per share. The ex-dividend date was Monday, December 15th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.1%. Comerica’s dividend payout ratio is currently 54.20%.

Analyst Upgrades and Downgrades

CMA has been the topic of several research reports. Jefferies Financial Group raised their price target on shares of Comerica from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Tuesday, October 7th. Weiss Ratings lowered shares of Comerica from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Citigroup boosted their target price on Comerica from $82.00 to $88.00 and gave the stock a “neutral” rating in a report on Tuesday, December 30th. Morgan Stanley raised Comerica from an “underweight” rating to an “equal weight” rating and set a $83.00 price target for the company in a report on Tuesday, October 7th. Finally, TD Cowen lifted their price objective on Comerica from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $79.56.

Comerica Company 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.