Xponance Inc. Acquires 10,079 Shares of Comerica Incorporated (NYSE:CMA)

Xponance Inc. raised its holdings in shares of Comerica Incorporated (NYSE:CMA) by 200.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,108 shares of the financial services provider’s stock after purchasing an additional 10,079 shares during the period. Xponance Inc.’s holdings in Comerica were worth $934,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Trust Co. of Vermont raised its position in shares of Comerica by 300.0% in the 4th quarter. Trust Co. of Vermont now owns 428 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 321 shares during the last quarter. Luken Investment Analytics LLC bought a new stake in Comerica during the 4th quarter valued at about $31,000. MCF Advisors LLC raised its holdings in 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 buying an additional 228 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Comerica in the third quarter worth approximately $42,000. Finally, V Square Quantitative Management LLC grew its holdings in shares of Comerica by 36.7% during the fourth quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider’s stock valued at $51,000 after buying an additional 221 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CMA. Robert W. Baird upped their price objective on Comerica from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. UBS Group began coverage on Comerica in a report on Tuesday, December 17th. They set a “sell” rating and a $64.00 price target on the stock. Argus raised Comerica to a “hold” rating in a research report on Friday, January 31st. Morgan Stanley dropped their price target on shares of Comerica from $71.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Finally, Royal Bank of Canada decreased their price objective on shares of Comerica from $78.00 to $76.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $68.29.

Comerica Stock Down 0.1 %

CMA opened at $58.99 on Monday. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 11.75 and a beta of 1.23. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s fifty day moving average is $63.47 and its 200 day moving average is $63.49. 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 quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates 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 prior year, the business posted $1.46 earnings per share. On average, sell-side analysts forecast that Comerica Incorporated will post 5.28 earnings per share for the current fiscal year.

Comerica Dividend Announcement

The business also recently disclosed 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. This represents a $2.84 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Friday, March 14th. Comerica’s payout ratio is currently 56.57%.

Comerica Company Profile

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.