7 hours Ago By Defense World Staff
Envestnet Asset Management Inc. decreased its holdings in Comerica Incorporated ( NYSE:CMA – Free Report ) by 65.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 44,170 shares of the financial services provider’s stock after selling 83,351 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Comerica were worth $2,732,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the stock. Trust Co. of Vermont grew its holdings in shares of Comerica by 300.
0% during the 4th quarter. Trust Co. of Vermont now owns 428 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 321 shares during the period.
Luken Investment Analytics LLC bought a new stake in shares of Comerica in the 4th quarter worth approximately $31,000. MCF Advisors LLC grew its stake in shares of 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 during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Comerica in the 3rd quarter worth about $42,000. Finally, V Square Quantitative Management LLC lifted its stake in shares of 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 buying an additional 221 shares in the last quarter. 80.
74% of the stock is currently owned by institutional investors. Analysts Set New Price Targets A number of research firms have commented on CMA. Keefe, Bruyette & Woods reduced their target price on Comerica from $77.
00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday. Wells Fargo & Company lowered their price objective on shares of Comerica from $67.
00 to $55.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Morgan Stanley cut shares of Comerica from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $63.
00 to $55.00 in a research note on Monday, April 7th. Evercore ISI cut Comerica from an “in-line” rating to an “underperform” rating and lowered their price objective for the company from $65.
00 to $50.00 in a research report on Tuesday. Finally, UBS Group raised shares of Comerica from a “sell” rating to a “neutral” rating and set a $59.
00 price target on the stock in a report on Thursday, April 10th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $62.
84. Comerica Trading Down 0.5 % Shares of NYSE CMA opened at $53.
12 on Friday. The stock has a market capitalization of $6.97 billion, a P/E ratio of 10.
58 and a beta of 0.96. The company has a debt-to-equity ratio of 1.
09, a current ratio of 0.97 and a quick ratio of 0.97.
The business’s 50 day moving average is $57.38 and its two-hundred day moving average is $62.65.
Comerica Incorporated has a 1-year low of $45.32 and a 1-year high of $73.45.
Comerica ( NYSE:CMA – Get Free Report ) last issued its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.25 EPS for the quarter, beating the consensus estimate of $1.
14 by $0.11. Comerica had a net margin of 13.
98% and a return on equity of 12.04%. The company had revenue of $829.
00 million for the quarter, compared to the consensus estimate of $839.31 million. During the same period in the prior year, the firm posted $1.
29 EPS. As a group, research analysts expect that Comerica Incorporated will post 5.28 EPS for the current year.
Comerica Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.71 dividend.
This represents a $2.84 annualized dividend and a yield of 5.35%.
The ex-dividend date of this dividend was Friday, March 14th. Comerica’s dividend payout ratio is presently 56.57%.
Comerica Company Profile ( 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.
Further Reading Five stocks we like better than Comerica How to trade using analyst ratings Short Sellers Gave Up on These 3 Names Recently Why Special Dividends Can be a Delightful Surprise for Income Investors 3 Boring Stocks Outperforming the Market This Year Why is the Ex-Dividend Date Significant to Investors? If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy Want to see what other hedge funds are holding CMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comerica Incorporated ( NYSE:CMA – Free Report ). Receive News & Ratings for Comerica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comerica and related companies with MarketBeat.
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