Comerica Incorporated (NYSE:CMA) Shares Sold by Blair William & Co. IL

Blair William & Co. IL reduced its stake in Comerica Incorporated (NYSE:CMA) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,502 shares of the financial services provider’s stock after selling 409 shares during the period. Blair William & Co. IL’s holdings in Comerica were worth $340,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wedmont Private Capital raised its position in Comerica by 2.4% in the 4th quarter. Wedmont Private Capital now owns 7,870 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 186 shares in the last quarter. Blue Trust Inc. raised its holdings in Comerica by 5.2% in the fourth quarter. Blue Trust Inc. now owns 4,040 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 200 shares in the last quarter. V Square Quantitative Management LLC lifted its stake 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 during the last quarter. US Bancorp DE increased its position in shares of Comerica by 2.0% in the 4th quarter. US Bancorp DE now owns 11,823 shares of the financial services provider’s stock valued at $731,000 after purchasing an additional 227 shares during the last quarter. Finally, MCF Advisors LLC raised its holdings 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 purchasing an additional 228 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CMA shares. Keefe, Bruyette & Woods lowered their target price on shares of Comerica from $82.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Compass Point increased their price objective on Comerica from $64.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Barclays boosted their target price on Comerica from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Monday, January 6th. Raymond James dropped 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. Finally, Argus upgraded shares of Comerica to a “hold” rating in a research report on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $67.95.

Comerica Stock Down 3.4 %

CMA stock opened at $51.48 on Friday. The stock has a market capitalization of $6.75 billion, a PE ratio of 10.26 and a beta of 1.23. The company has a fifty day moving average of $62.28 and a 200-day moving average of $63.54. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.97 and a current ratio of 0.97. Comerica Incorporated has a one year low of $45.32 and a one year high of $73.45.

Comerica (NYSE:CMA) last announced its quarterly earnings data 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 net margin of 13.98% and a return on equity of 12.04%. During the same period in the previous year, the business posted $1.46 earnings per share. As a group, 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 was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 5.52%. The ex-dividend date was Friday, March 14th. Comerica’s payout ratio is 56.57%.

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.