SG Americas Securities LLC Makes New $649,000 Investment in Comerica Incorporated $CMA

SG Americas Securities LLC bought a new stake in shares of Comerica Incorporated (NYSE:CMA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,471 shares of the financial services provider’s stock, valued at approximately $649,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMA. Greenleaf Trust raised its holdings 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 grew its holdings in Comerica by 3.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,542 shares of the financial services provider’s stock worth $311,000 after acquiring an additional 161 shares in the last quarter. Lynx Investment Advisory increased its position in Comerica by 3.3% during 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 during the period. Geneos Wealth Management Inc. raised its holdings in shares of Comerica by 41.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 176 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Comerica by 19.6% in the 2nd quarter. Parallel Advisors LLC now owns 1,152 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 189 shares during the period. Institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. TD Cowen reissued a “hold” rating on shares of Comerica in a report on Wednesday, January 7th. Jefferies Financial Group upped their target price on Comerica from $75.00 to $85.00 and gave the stock a “hold” rating in a report on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Comerica in a report on Wednesday. Piper Sandler set a $82.00 price target on Comerica and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Finally, UBS Group raised Comerica from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $79.56.

Comerica Stock Performance

Shares of CMA opened at $94.95 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a market cap of $12.13 billion, a PE ratio of 17.95 and a beta of 1.03. Comerica Incorporated has a 12 month low of $48.12 and a 12 month high of $99.41. The stock has a fifty day moving average price of $86.40 and a 200-day moving average price of $76.25.

Comerica (NYSE:CMA) last announced its earnings results on Tuesday, January 20th. The financial services provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.18. Comerica had a return on equity of 10.92% and a net margin of 15.07%.The firm had revenue of $850.00 million for the quarter, compared to the consensus estimate of $851.32 million. During the same period in the previous year, the business earned $1.20 EPS. Equities research analysts predict that Comerica Incorporated will post 5.28 earnings per share for the current fiscal year.

Comerica Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Monday, December 15th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, December 15th. Comerica’s dividend payout ratio (DPR) is presently 54.20%.

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.