Factorial Partners LLC Has $1.66 Million Holdings in Comerica Incorporated (NYSE:CMA)

Factorial Partners LLC increased its stake in shares of Comerica Incorporated (NYSE:CMA - Free Report) by 31.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,900 shares of the financial services provider's stock after purchasing an additional 6,500 shares during the period. Factorial Partners LLC's holdings in Comerica were worth $1,664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Trust Co. of Vermont boosted its position in shares of 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 purchasing an additional 321 shares in the last quarter. Luken Investment Analytics LLC bought a new stake in shares of Comerica in the fourth quarter worth about $31,000. MCF Advisors LLC raised its position in shares of Comerica by 56.3% during the fourth quarter. MCF Advisors LLC now owns 633 shares of the financial services provider's stock worth $39,000 after purchasing an additional 228 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Comerica during the 3rd quarter valued at about $42,000. Finally, V Square Quantitative Management LLC grew its position in shares of Comerica by 36.7% in the 4th quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 221 shares during the period. Institutional investors own 80.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CMA. 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, January 23rd. Robert W. Baird boosted their price objective on shares of Comerica from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Truist Financial upgraded Comerica to a "hold" rating in a report on Monday, January 6th. DA Davidson cut their price target on Comerica from $71.00 to $67.00 and set a "neutral" rating on the stock in a report on Thursday, January 23rd. Finally, Compass Point increased their price objective on Comerica from $64.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Three 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $68.67.

Comerica Stock Performance

Shares of NYSE CMA traded down $0.12 during midday trading on Wednesday, hitting $59.41. 2,827,940 shares of the company's stock were exchanged, compared to its average volume of 2,097,077. The company's 50 day moving average price is $64.48 and its 200 day moving average price is $63.31. Comerica Incorporated has a 12 month low of $45.32 and a 12 month high of $73.45. The firm has a market capitalization of $7.80 billion, a PE ratio of 11.83 and a beta of 1.25. 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 (NYSE:CMA - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share 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 quarter in the prior year, the business earned $1.46 earnings per share. As a group, 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 will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.84 annualized dividend and a yield of 4.78%. Comerica's dividend payout ratio (DPR) is presently 56.57%.

Comerica declared that its Board of Directors has authorized a share buyback program on Tuesday, November 5th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

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.