Comerica Incorporated (NYSE:CMA) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in shares of Comerica Incorporated (NYSE:CMA - Free Report) by 2.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,035,820 shares of the financial services provider's stock after purchasing an additional 114,072 shares during the period. Dimensional Fund Advisors LP owned about 3.83% of Comerica worth $311,464,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Comerica by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,431,556 shares of the financial services provider's stock valued at $274,092,000 after buying an additional 125,514 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Comerica by 3.0% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,481,211 shares of the financial services provider's stock valued at $153,462,000 after purchasing an additional 72,391 shares in the last quarter. Geode Capital Management LLC raised its stake in Comerica by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 2,214,963 shares of the financial services provider's stock worth $137,039,000 after buying an additional 103,118 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Comerica by 29.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,149,591 shares of the financial services provider's stock valued at $132,952,000 after purchasing an additional 492,381 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Comerica by 19.7% in the fourth quarter. First Trust Advisors LP now owns 1,813,377 shares of the financial services provider's stock valued at $112,157,000 after buying an additional 298,974 shares during the period. Institutional investors own 80.74% of the company's stock.

Comerica Stock Performance

CMA traded down $0.25 during midday trading on Friday, reaching $53.12. The company had a trading volume of 725,340 shares, compared to its average volume of 2,209,829. The business has a 50-day moving average of $57.68 and a two-hundred day moving average of $62.68. The company has a market cap of $6.97 billion, a P/E ratio of 10.58 and a beta of 0.96. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.09. Comerica Incorporated has a 1 year low of $45.32 and a 1 year high of $73.45.

Comerica (NYSE:CMA - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.11. The company had revenue of $829.00 million for the quarter, compared to the consensus estimate of $839.31 million. Comerica had a net margin of 13.98% and a return on equity of 12.04%. During the same period in the previous year, the firm posted $1.29 EPS. As a group, equities research analysts predict that Comerica Incorporated will post 5.28 earnings per share for the current fiscal year.

Comerica Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a $0.71 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.84 annualized dividend and a dividend yield of 5.35%. Comerica's payout ratio is 56.57%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CMA shares. Barclays boosted their price objective on shares of Comerica from $66.00 to $68.00 and gave the stock an "underweight" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. cut shares of Comerica from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $64.00 to $52.00 in a research note on Tuesday. DA Davidson decreased their price target on Comerica from $71.00 to $67.00 and set a "neutral" rating on the stock in a research report on Thursday, January 23rd. Argus upgraded Comerica to a "hold" rating in a research note on Friday, January 31st. Finally, Raymond James reduced their price target on shares of Comerica from $72.00 to $67.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 2nd. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $62.84.

Comerica 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.