Barrow Hanley Mewhinney & Strauss LLC Purchases 492,381 Shares of Comerica Incorporated (NYSE:CMA)

Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Comerica Incorporated (NYSE:CMA) by 29.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,149,591 shares of the financial services provider’s stock after acquiring an additional 492,381 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.63% of Comerica worth $132,952,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wedmont Private Capital grew its position in Comerica by 2.4% during the fourth quarter. Wedmont Private Capital now owns 7,870 shares of the financial services provider’s stock valued at $474,000 after buying an additional 186 shares during the period. Blue Trust Inc. raised its holdings in Comerica by 5.2% in the 4th quarter. Blue Trust Inc. now owns 4,040 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 200 shares during the period. V Square Quantitative Management LLC boosted its position 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. US Bancorp DE grew its holdings in Comerica by 2.0% in the fourth quarter. US Bancorp DE now owns 11,823 shares of the financial services provider’s stock valued at $731,000 after purchasing an additional 227 shares during the period. Finally, MCF Advisors LLC increased its position 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 valued at $39,000 after buying an additional 228 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Comerica Stock Down 1.5 %

CMA stock opened at $58.73 on Friday. The firm has a market cap of $7.71 billion, a PE ratio of 11.70 and a beta of 1.23. Comerica Incorporated has a one year low of $45.32 and a one year high of $73.45. 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 50 day moving average price is $63.07 and its 200-day moving average price is $63.58.

Comerica (NYSE:CMA) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $1.20 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.05). Comerica had a net margin of 13.98% and a return on equity of 12.04%. During the same period last year, the business posted $1.46 earnings per share. On average, equities research analysts anticipate that Comerica Incorporated will post 5.28 EPS 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 issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Friday, March 14th. Comerica’s dividend payout ratio (DPR) is currently 56.57%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CMA. Argus raised shares of Comerica to a “hold” rating in a report on Friday, January 31st. Robert W. Baird boosted their target price on shares of Comerica from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. UBS Group started coverage on shares of Comerica in a research note on Tuesday, December 17th. They issued a “sell” rating and a $64.00 price target on the stock. The Goldman Sachs Group cut Comerica from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $85.00 to $71.00 in a report on Tuesday, January 7th. Finally, Wells Fargo & Company reduced their target price on Comerica from $70.00 to $67.00 and set an “equal weight” rating for the company in a report on Friday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Comerica presently has an average rating of “Hold” and an average target price of $68.00.

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.