Comerica Incorporated (NYSE:CMA) Shares Purchased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC boosted its stake in Comerica Incorporated (NYSE:CMA) by 63.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,061 shares of the financial services provider’s stock after buying an additional 802 shares during the period. Smartleaf Asset Management LLC’s holdings in Comerica were worth $127,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CMA. State Street Corp grew its stake in shares of Comerica by 2.0% in the third quarter. State Street Corp now owns 4,977,670 shares of the financial services provider’s stock worth $301,745,000 after purchasing an additional 96,084 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Comerica by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,306,042 shares of the financial services provider’s stock worth $257,975,000 after purchasing an additional 226,285 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Comerica by 3.0% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,481,211 shares of the financial services provider’s stock worth $153,462,000 after purchasing an additional 72,391 shares in the last quarter. Azora Capital LP grew its stake in shares of Comerica by 7.8% in the third quarter. Azora Capital LP now owns 2,230,369 shares of the financial services provider’s stock worth $133,621,000 after purchasing an additional 161,181 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Comerica by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,111,845 shares of the financial services provider’s stock worth $126,555,000 after purchasing an additional 29,661 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Argus raised Comerica to a “hold” rating in a research note on Friday, January 31st. Stephens reissued an “overweight” rating and issued a $72.00 price target on shares of Comerica in a research note on Wednesday. Compass Point increased their price target on Comerica from $64.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Robert W. Baird raised their target price on Comerica from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada decreased their target price on Comerica from $78.00 to $76.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $68.67.

Comerica Trading Down 0.2 %

NYSE:CMA opened at $58.34 on Friday. The company has a quick ratio of 0.97, a current 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. 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 stock has a fifty day simple moving average of $64.34 and a 200 day simple moving average of $63.25.

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 the consensus estimate of $1.25 by ($0.05). Comerica had a return on equity of 12.04% and a net margin of 13.98%. During the same period in the previous year, the company earned $1.46 earnings per share. Sell-side analysts forecast that Comerica Incorporated will post 5.28 earnings per share for the current year.

Comerica Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 4.87%. The ex-dividend date is Friday, March 14th. Comerica’s dividend payout ratio 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.