Comerica Incorporated (NYSE:CMA) Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd raised its position in shares of Comerica Incorporated (NYSE:CMA) by 78.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,771 shares of the financial services provider’s stock after purchasing an additional 7,396 shares during the period. WINTON GROUP Ltd’s holdings in Comerica were worth $1,037,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CMA shares. The Goldman Sachs Group downgraded shares of Comerica from a “buy” rating to a “neutral” rating and cut their price target for the company from $85.00 to $71.00 in a report on Tuesday, January 7th. Compass Point increased their price objective on Comerica from $64.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. dropped their price objective on shares of Comerica from $73.00 to $70.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. DA Davidson cut their price target on shares of Comerica from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Finally, Morgan Stanley cut their target price on Comerica from $71.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $68.00.

Comerica Price Performance

Shares of NYSE:CMA opened at $58.73 on Friday. The firm has a market capitalization of $7.71 billion, a PE ratio of 11.70 and a beta of 1.23. The company has a current ratio of 0.97, a quick 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 business’s 50 day moving average is $63.07 and its 200-day moving average is $63.54.

Comerica (NYSE:CMA) last posted its quarterly earnings results 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 quarter last year, the company posted $1.46 EPS. Sell-side analysts predict that Comerica Incorporated will post 5.28 earnings per share for the current year.

Comerica Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend is Friday, March 14th. Comerica’s dividend payout ratio (DPR) 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.