Comerica Incorporated (CMA) Stake Decreased by Capital Fund Management S.A.

Capital Fund Management S.A. lessened its holdings in shares of Comerica Incorporated (NYSE:CMA) by 30.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 376,460 shares of the financial services provider’s stock after selling 165,500 shares during the period. Capital Fund Management S.A. owned approximately 0.22% of Comerica worth $32,680,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CMA. IBM Retirement Fund bought a new position in shares of Comerica during the 3rd quarter valued at about $200,000. Zeke Capital Advisors LLC bought a new position in shares of Comerica during the 3rd quarter valued at about $200,000. BB&T Corp bought a new stake in Comerica in the 3rd quarter valued at approximately $206,000. JLB & Associates Inc. bought a new stake in Comerica in the 4th quarter valued at approximately $217,000. Finally, ZWJ Investment Counsel Inc. bought a new stake in Comerica in the 4th quarter valued at approximately $217,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Several research firms have commented on CMA. Vining Sparks restated a “buy” rating and issued a $97.50 target price on shares of Comerica in a research note on Tuesday, January 16th. Royal Bank of Canada restated a “buy” rating and issued a $103.00 target price on shares of Comerica in a research note on Wednesday, January 17th. Robert W. Baird restated a “hold” rating and issued a $95.00 target price on shares of Comerica in a research note on Wednesday, January 17th. DA Davidson restated a “hold” rating and issued a $100.00 target price on shares of Comerica in a research note on Wednesday, January 17th. Finally, Sanford C. Bernstein set a $99.00 target price on Comerica and gave the company a “hold” rating in a research note on Wednesday, January 17th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Comerica has a consensus rating of “Hold” and a consensus price target of $92.37.

In related news, CEO Ralph W. Babb, Jr. sold 65,300 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $97.61, for a total transaction of $6,373,933.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Curtis C. Farmer sold 18,870 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $96.08, for a total value of $1,813,029.60. The disclosure for this sale can be found here. Insiders have sold a total of 211,015 shares of company stock worth $20,194,360 over the last three months. 1.10% of the stock is owned by insiders.

Comerica Incorporated (NYSE CMA) opened at $97.40 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $16,234.32, a P/E ratio of 23.58, a P/E/G ratio of 1.43 and a beta of 1.47. Comerica Incorporated has a 1-year low of $64.04 and a 1-year high of $98.18.

Comerica (NYSE:CMA) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. The business had revenue of $830.00 million for the quarter, compared to analyst estimates of $819.30 million. Comerica had a return on equity of 10.94% and a net margin of 22.47%. During the same period in the previous year, the firm earned $0.92 EPS. analysts anticipate that Comerica Incorporated will post 6.56 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Thursday, March 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Wednesday, March 14th. Comerica’s payout ratio is presently 29.06%.

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Comerica Company Profile

Comerica Incorporated is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. The Company’s segments include the Business Bank, the Retail Bank, Wealth Management, Finance and Other. The Business Bank serves middle market businesses, multinational corporations and governmental entities by offering various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services.

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Institutional Ownership by Quarter for Comerica (NYSE:CMA)

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