Meta submits changes to UK privacy compliance proposals, CMA says
Meta Platforms has offered to limit the use of certain data from all advertisers on its Facebook Marketplace platform, as part of amendments to the proposals accepted by the Competition Market Authority (CMA) in November, the regulator said on Friday.
Comerica (CMA), OCC Enters Agreement Over Compliance Issues
Comerica (CMA) enters an enforcement agreement with OCC to address issues related to the bank's risk governance framework and internal controls.
CVS shares lift as it welcomes CMA vet probe extension
CVS Group (AIM:CVSG), the veterinary firm, saw its shares bounce 3% higher on Thursday after it openly welcomed the commencement of an 18-month-long investigation into the industry. Britain's Competition and Markets Authority revealed it would be expanding its investigation into the vet industry, having created a new team of independent experts to oversee the research.
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Meridian Wealth Management LLC Takes Position in Comerica Incorporated (NYSE:CMA)
Meridian Wealth Management LLC acquired a new position in shares of Comerica Incorporated (NYSE:CMA – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,585 shares of the financial services provider’s stock, valued at approximately $200,000. Several other institutional investors have also recently added to or reduced their stakes in CMA. Raymond James & Associates lifted its position in shares of Comerica by 18.1% during the fourth quarter. Raymond James & Associates now owns 203,324 shares of the financial services provider’s stock worth $11,348,000 after purchasing an additional 31,125 shares in the last quarter. Avaii Wealth Management LLC acquired a new stake in Comerica during the 4th quarter worth approximately $679,000. NewEdge Wealth LLC purchased a new position in Comerica in the 4th quarter valued at approximately $10,068,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Comerica by 73.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,771 shares of the financial services provider’s stock worth $3,168,000 after acquiring an additional 23,947 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of Comerica by 3.5% during the third quarter. LSV Asset Management now owns 678,976 shares of the financial services provider’s stock worth $28,211,000 after acquiring an additional 22,800 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock. Comerica Stock Up 0.6 % Shares of NYSE:CMA opened at $54.83 on Monday. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 10.90 and a beta of 1.27. Comerica Incorporated has a fifty-two week low of $34.88 and a fifty-two week high of $57.39. The firm’s 50-day simple moving average is $52.42 and its 200-day simple moving average is $51.17. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.26. Comerica (NYSE:CMA – Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.13 by $0.16. Comerica had a return on equity of 16.51% and a net margin of 13.11%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $807.57 million. During the same period last year, the firm earned $2.39 EPS. As a group, equities research analysts predict that Comerica Incorporated will post 5.16 earnings per share for the current year. Comerica Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.84 annualized dividend and a yield of 5.18%. Comerica’s payout ratio is currently 56.46%. Analysts Set New Price Targets CMA has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Comerica in a research note on Wednesday, April 10th. They set a “hold” rating and a $59.00 target price for the company. DA Davidson reiterated a “neutral” rating and issued a $56.00 price target on shares of Comerica in a research note on Wednesday, March 6th. Citigroup downgraded shares of Comerica from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $60.00 to $56.00 in a research report on Monday, May 6th. Royal Bank of Canada lifted their price objective on shares of Comerica from $61.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Finally, Stephens reissued an “overweight” rating and issued a $64.00 target price on shares of Comerica in a report on Friday, April 19th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $56.89. Read Our Latest Research Report on CMA Insider Activity In related news, EVP Cassandra M. Mckinney sold 7,271 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $52.59, for a total value of $382,381.89. Following the sale, the executive vice president now owns 7,236 shares in the company, valued at approximately $380,541.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock. About Comerica (Free Report) 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. Read More Five stocks we like better than Comerica Earnings Per Share Calculator: How to Calculate EPS JD’s Earnings Could Mean Chinese Stocks Making a Comeback Stock Market Upgrades: What Are They? Canada Goose Flies Higher Driven By DTC Growth What is a SEC Filing? CVS Health Stock Has a Silver Lining Called Value Want to see what other hedge funds are holding CMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comerica Incorporated (NYSE:CMA – Free Report).
Comerica Incorporated (NYSE:CMA) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.
Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Comerica Incorporated (NYSE:CMA – Free Report) by 4.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 70,615 shares of the financial services provider’s stock after buying an additional 2,689 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.05% of Comerica worth $3,861,000 as of its most recent filing with the SEC. Several other hedge funds and other institutional investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC grew its holdings in Comerica by 10.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,742 shares of the financial services provider’s stock worth $363,000 after buying an additional 856 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Comerica by 7.4% during the 3rd quarter. Fifth Third Bancorp now owns 15,120 shares of the financial services provider’s stock worth $628,000 after buying an additional 1,036 shares in the last quarter. New Mexico Educational Retirement Board lifted its stake in shares of Comerica by 7.9% in the 3rd quarter. New Mexico Educational Retirement Board now owns 6,864 shares of the financial services provider’s stock worth $285,000 after acquiring an additional 500 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Comerica by 15.8% in the third quarter. Daiwa Securities Group Inc. now owns 3,111 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 424 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its stake in shares of Comerica by 11.8% during the third quarter. Coldstream Capital Management Inc. now owns 7,717 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 813 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades CMA has been the subject of a number of research reports. Stephens reaffirmed an “overweight” rating and set a $64.00 price target on shares of Comerica in a research note on Friday, April 19th. Citigroup cut shares of Comerica from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $60.00 to $56.00 in a research report on Monday, May 6th. Truist Financial cut their price target on shares of Comerica from $62.00 to $60.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Keefe, Bruyette & Woods lowered their price objective on shares of Comerica from $60.00 to $58.00 and set a “market perform” rating on the stock in a research note on Monday, January 22nd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $53.00 target price on shares of Comerica in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Comerica currently has a consensus rating of “Hold” and a consensus price target of $56.89. Check Out Our Latest Stock Analysis on CMA Insider Buying and Selling In other news, EVP Cassandra M. Mckinney sold 7,271 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $52.59, for a total transaction of $382,381.89. Following the sale, the executive vice president now directly owns 7,236 shares of the company’s stock, valued at $380,541.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is owned by corporate insiders. Comerica Trading Up 0.6 % Shares of CMA stock opened at $54.83 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a fifty day moving average of $52.42 and a 200-day moving average of $51.17. Comerica Incorporated has a 52-week low of $34.88 and a 52-week high of $57.39. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 10.90 and a beta of 1.27. Comerica (NYSE:CMA – Get Free Report) last announced its earnings results on Thursday, April 18th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.16. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $807.57 million. Comerica had a net margin of 13.11% and a return on equity of 16.51%. During the same quarter last year, the company posted $2.39 EPS. On average, equities research analysts forecast that Comerica Incorporated will post 5.16 earnings per share for the current fiscal year. Comerica Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date is Friday, June 14th. Comerica’s dividend payout ratio is currently 56.46%. Comerica Company Profile (Free Report) 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.
UK's CMA says Microsoft-Mistral AI tie-up does not call for probe
Britain's competition watchdog said on Friday the partnership between Microsoft and Mistral AI did not qualify for an investigation.
