Jones Financial Companies Lllp Acquires 7,408 Shares of Comerica Incorporated (NYSE:CMA)

Jones Financial Companies Lllp boosted its holdings in Comerica Incorporated (NYSE:CMA) by 220.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,762 shares of the financial services provider’s stock after acquiring an additional 7,408 shares during the quarter. Jones Financial Companies Lllp’s holdings in Comerica were worth $666,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Trust Co. of Vermont lifted its position 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 acquiring an additional 321 shares in the last quarter. Luken Investment Analytics LLC bought a new position in Comerica in the 4th quarter valued at about $31,000. MCF Advisors LLC lifted its position in 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 acquiring an additional 228 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Comerica in the 3rd quarter valued at about $42,000. Finally, V Square Quantitative Management LLC lifted its position in 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 acquiring an additional 221 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

CMA has been the topic of several recent research reports. Wells Fargo & Company raised shares of Comerica from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $51.00 to $73.00 in a research report on Friday, November 15th. Keefe, Bruyette & Woods dropped their target price 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. Robert W. Baird lifted their target price on shares of Comerica from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Royal Bank of Canada dropped their target price on shares of Comerica from $78.00 to $76.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Comerica from $73.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $68.67.

Comerica Stock Down 0.2 %

Comerica stock opened at $58.34 on Monday. The firm has a 50 day simple moving average of $64.27 and a 200 day simple moving average of $63.37. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 11.62 and a beta of 1.23. The company has a current ratio of 0.97, a quick 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) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $1.20 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 in the previous year, the business earned $1.46 EPS. On average, analysts predict that Comerica Incorporated will post 5.28 earnings per share for the current year.

Comerica Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.71 per share. The ex-dividend date is Friday, March 14th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.87%. Comerica’s dividend payout ratio (DPR) is currently 56.57%.

About Comerica

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.