Axa S.A. Has $666,000 Holdings in Comerica Incorporated (NYSE:CMA)

Axa S.A. decreased its stake in Comerica Incorporated (NYSE:CMA) by 86.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,052 shares of the financial services provider’s stock after selling 86,599 shares during the quarter. Axa S.A.’s holdings in Comerica were worth $666,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CMA. Price T Rowe Associates Inc. MD grew its stake in Comerica by 105.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 182,402 shares of the financial services provider’s stock worth $10,031,000 after buying an additional 3,595,036 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Comerica by 51.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,045,656 shares of the financial services provider’s stock valued at $206,468,000 after purchasing an additional 1,370,886 shares in the last quarter. Azora Capital LP bought a new position in Comerica in the 4th quarter valued at $63,548,000. Goldman Sachs Group Inc. grew its holdings in shares of Comerica by 51.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,564,217 shares of the financial services provider’s stock worth $143,109,000 after purchasing an additional 870,812 shares during the last quarter. Finally, Samlyn Capital LLC acquired a new stake in shares of Comerica in the second quarter valued at $35,375,000. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CMA has been the topic of several research analyst reports. Truist Financial increased their price target on shares of Comerica from $53.00 to $66.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Barclays cut their target price on shares of Comerica from $59.00 to $56.00 and set an “underweight” rating on the stock in a research report on Monday, July 22nd. The Goldman Sachs Group lowered their price target on shares of Comerica from $69.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, June 4th. Wells Fargo & Company dropped their target price on shares of Comerica from $48.00 to $45.00 and set an “underweight” rating for the company in a research report on Wednesday, June 12th. Finally, Piper Sandler increased their price target on shares of Comerica from $51.00 to $52.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $58.33.

Comerica Stock Performance

NYSE:CMA opened at $58.33 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.23. Comerica Incorporated has a twelve month low of $37.40 and a twelve month high of $61.84. The company has a fifty day moving average of $55.94 and a 200-day moving average of $53.07. The firm has a market capitalization of $7.73 billion, a P/E ratio of 11.60 and a beta of 1.23.

Comerica (NYSE:CMA) last announced its quarterly earnings data on Friday, July 19th. The financial services provider reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.30. Comerica had a net margin of 12.15% and a return on equity of 15.01%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $812.79 million. During the same quarter in the prior year, the business earned $2.01 earnings per share. As a group, sell-side analysts anticipate that Comerica Incorporated will post 5.06 EPS for the current year.

Comerica Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date was Friday, September 13th. Comerica’s dividend payout ratio is currently 56.46%.

Insider Transactions at Comerica

In other Comerica news, EVP Christine M. Moore sold 2,545 shares of Comerica stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $57.51, for a total transaction of $146,362.95. Following the completion of the transaction, the executive vice president now owns 27,910 shares in the company, valued at approximately $1,605,104.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is currently owned by insiders.

About Comerica

Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company 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, payment solutions, card services, 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.