Comerica Incorporated (NYSE:CMA) Stock Position Increased by Fox Run Management L.L.C.

Fox Run Management L.L.C. boosted its position in Comerica Incorporated (NYSE:CMA) by 7.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,756 shares of the financial services provider’s stock after purchasing an additional 1,151 shares during the quarter. Fox Run Management L.L.C.’s holdings in Comerica were worth $975,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Wedmont Private Capital lifted 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 during the last quarter. Blue Trust Inc. lifted its position in Comerica by 5.2% in the 4th quarter. Blue Trust Inc. now owns 4,040 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 200 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Comerica by 36.7% during the 4th 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. US Bancorp DE raised its position in shares of Comerica by 2.0% during the 4th quarter. US Bancorp DE now owns 11,823 shares of the financial services provider’s stock worth $731,000 after buying an additional 227 shares in the last quarter. Finally, MCF Advisors LLC raised its position in shares of Comerica by 56.3% during the 4th quarter. MCF Advisors LLC now owns 633 shares of the financial services provider’s stock worth $39,000 after buying an additional 228 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on CMA shares. JPMorgan Chase & Co. dropped their price target 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. Piper Sandler boosted their price target on shares of Comerica from $64.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. UBS Group started coverage on shares of Comerica in a research report on Tuesday, December 17th. They set a “sell” rating and a $64.00 price target on the stock. Barclays boosted their price target on shares of Comerica from $66.00 to $68.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. Finally, Compass Point boosted their price target on shares of Comerica from $64.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $68.29.

Comerica Stock Performance

Comerica stock opened at $58.99 on Friday. The firm’s 50 day simple moving average is $63.47 and its 200-day simple moving average is $63.43. The company has a market cap of $7.74 billion, a P/E ratio of 11.75 and a beta of 1.23. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.97. Comerica Incorporated has a fifty-two week low of $45.32 and a fifty-two week high of $73.45.

Comerica (NYSE:CMA) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share 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 quarter in the previous year, the company earned $1.46 earnings per share. As a group, equities research analysts predict that Comerica Incorporated will post 5.28 EPS for the current year.

Comerica Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Friday, March 14th. Comerica’s payout ratio is presently 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.