4,259 Shares in Comerica Incorporated (NYSE:CMA) Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC bought a new stake in Comerica Incorporated (NYSE:CMA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,259 shares of the financial services provider's stock, valued at approximately $263,000.

Several other institutional investors also recently modified their holdings of the business. Trust Co. of Vermont boosted its holdings in Comerica by 300.0% during the fourth quarter. Trust Co. of Vermont now owns 428 shares of the financial services provider's stock worth $26,000 after buying an additional 321 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Comerica in the 3rd quarter valued at $36,000. MCF Advisors LLC increased its position in shares of Comerica by 56.3% in the 4th quarter. MCF Advisors LLC now owns 633 shares of the financial services provider's stock valued at $39,000 after buying an additional 228 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Comerica during the 3rd quarter worth $42,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Comerica by 19.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,207 shares of the financial services provider's stock worth $66,000 after acquiring an additional 199 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. DA Davidson lowered their price target on Comerica from $71.00 to $67.00 and set a "neutral" rating for the company in a report on Thursday. Stephens raised their target price on shares of Comerica from $64.00 to $70.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Keefe, Bruyette & Woods cut their price target on shares of Comerica from $82.00 to $77.00 and set an "outperform" rating on the stock in a research note on Thursday. Barclays increased their price objective on shares of Comerica from $66.00 to $68.00 and gave the stock an "underweight" rating in a research report on Monday, January 6th. Finally, Evercore ISI boosted their price objective on shares of Comerica from $64.00 to $69.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $68.33.

Comerica Stock Performance

Shares of NYSE CMA traded up $0.73 during mid-day trading on Friday, reaching $63.26. 1,504,886 shares of the company were exchanged, compared to its average volume of 1,974,246. The company's 50-day simple moving average is $65.68 and its 200-day simple moving average is $60.79. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $8.32 billion, a P/E ratio of 12.60 and a beta of 1.26. Comerica Incorporated has a twelve month low of $45.32 and a twelve month high of $73.45.

Comerica (NYSE:CMA - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.05). Comerica had a net margin of 13.98% and a return on equity of 12.04%. During the same period in the prior year, the company earned $1.46 earnings per share. As a group, research analysts predict that Comerica Incorporated will post 5.36 earnings per share for the current year.

Comerica Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Friday, December 13th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend was Friday, December 13th. Comerica's dividend payout ratio (DPR) is 56.57%.

Comerica declared that its Board of Directors has authorized a stock buyback plan on Tuesday, November 5th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at Comerica

In other news, EVP Allysun C. Fleming sold 1,392 shares of Comerica stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $68.83, for a total value of $95,811.36. Following the completion of the sale, the executive vice president now directly owns 8,730 shares in the company, valued at approximately $600,885.90. The trade was a 13.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.19% of the company's stock.

Comerica Company Profile

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.