Natixis Advisors LLC grew its stake in shares of Comerica Incorporated (NYSE:CMA - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 420,973 shares of the financial services provider's stock after acquiring an additional 7,283 shares during the quarter. Natixis Advisors LLC owned about 0.32% of Comerica worth $26,037,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in CMA. Trust Co. of Vermont lifted its position in Comerica by 300.0% during the fourth quarter. Trust Co. of Vermont now owns 428 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 321 shares during the period. Luken Investment Analytics LLC purchased a new stake in Comerica during the 4th quarter valued at $31,000. MCF Advisors LLC lifted its holdings in shares of Comerica by 56.3% during 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 during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Comerica in the 3rd quarter worth $42,000. Finally, V Square Quantitative Management LLC boosted its stake 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 worth $51,000 after buying an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.
Comerica Price Performance
NYSE CMA traded down $0.03 during trading hours on Friday, reaching $58.99. The company's stock had a trading volume of 5,451,773 shares, compared to its average volume of 2,049,771. 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. The firm's 50-day moving average price is $63.49 and its 200-day moving average price is $63.36. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 11.75 and a beta of 1.23.
Comerica (NYSE:CMA - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.25 by ($0.05). Comerica had a return on equity of 12.04% and a net margin of 13.98%. During the same quarter in the prior year, the business posted $1.46 EPS. On average, equities research analysts predict that Comerica Incorporated will post 5.28 EPS for the current fiscal year.
Comerica Dividend Announcement
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 issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Friday, March 14th. Comerica's dividend payout ratio (DPR) is presently 56.57%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on CMA. Stephens reissued an "overweight" rating and issued a $72.00 target price on shares of Comerica in a report on Wednesday, March 5th. Argus raised shares of Comerica to a "hold" rating in a research report on Friday, January 31st. Morgan Stanley dropped their price objective on shares of Comerica from $71.00 to $63.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Compass Point upped their target price on shares of Comerica from $64.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Comerica from $82.00 to $77.00 and set an "outperform" rating on the stock in a research report on Thursday, January 23rd. 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $68.29.
Get Our Latest Analysis on Comerica
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.
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