Steward Partners Investment Advisory LLC Has $84,000 Stock Holdings in Comerica Incorporated (NYSE:CMA)

Steward Partners Investment Advisory LLC raised its stake in Comerica Incorporated (NYSE:CMA) by 64.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,362 shares of the financial services provider’s stock after buying an additional 533 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Comerica were worth $84,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont increased its stake in Comerica by 300.0% in the 4th quarter. Trust Co. of Vermont now owns 428 shares of the financial services provider’s stock valued at $26,000 after buying an additional 321 shares during the period. Luken Investment Analytics LLC bought a new stake in Comerica in the fourth quarter worth approximately $31,000. MCF Advisors LLC grew its position in Comerica by 56.3% in the fourth quarter. MCF Advisors LLC now owns 633 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 228 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Comerica in the third quarter worth approximately $42,000. Finally, V Square Quantitative Management LLC grew its position in Comerica by 36.7% in the fourth quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 221 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

CMA has been the subject of several recent research reports. The Goldman Sachs Group downgraded shares of Comerica from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $85.00 to $71.00 in a research report on Tuesday, January 7th. Compass Point boosted their target price on shares of Comerica from $64.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. DA Davidson decreased their target price on shares of Comerica from $71.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Barclays upped their price objective on shares of Comerica from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Monday, January 6th. Finally, UBS Group assumed coverage on shares of Comerica in a report on Tuesday, December 17th. They set a “sell” rating and a $64.00 price objective for the company. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Comerica presently has an average rating of “Hold” and an average price target of $68.29.

Comerica Price Performance

Shares of Comerica stock opened at $57.95 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.97. Comerica Incorporated has a fifty-two week low of $45.32 and a fifty-two week high of $73.45. The firm has a fifty day moving average price of $63.70 and a two-hundred day moving average price of $63.41. The company has a market cap of $7.61 billion, a PE ratio of 11.54 and a beta of 1.23.

Comerica (NYSE:CMA) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the firm posted $1.46 earnings per share. Analysts expect that Comerica Incorporated will post 5.28 EPS for the current year.

Comerica Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date is Friday, March 14th. Comerica’s dividend payout ratio is 56.57%.

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.