Thor Advisors LLC bought a new position in shares of Comerica Incorporated (NYSE:CMA) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,067 shares of the financial services provider’s stock, valued at approximately $78,000. Comerica makes up 1.0% of Thor Advisors LLC’s investment portfolio, making the stock its 4th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMA. Oppenheimer Asset Management Inc. bought a new position in shares of Comerica during the 4th quarter worth approximately $25,000. Trust Department MB Financial Bank N A grew its stake in shares of Comerica by 64.3% during the 1st quarter. Trust Department MB Financial Bank N A now owns 345 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 135 shares in the last quarter. Liberty Wealth Management LLC bought a new position in shares of Comerica during the 4th quarter worth approximately $26,000. Claybrook Capital LLC bought a new position in shares of Comerica during the 4th quarter worth approximately $29,000. Finally, CWM LLC grew its stake in shares of Comerica by 247.5% during the 1st quarter. CWM LLC now owns 424 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 302 shares in the last quarter. 83.54% of the stock is owned by institutional investors and hedge funds.

In other Comerica news, EVP Christine M. Moore sold 3,200 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $73.49, for a total transaction of $235,168.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.98% of the company’s stock.

Several equities analysts have recently weighed in on CMA shares. Piper Jaffray Companies set a $91.00 price target on shares of Comerica and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Zacks Investment Research raised shares of Comerica from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Tuesday, March 12th. Stephens cut shares of Comerica from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 6th. Jefferies Financial Group cut shares of Comerica from a “buy” rating to a “hold” rating and set a $84.00 price target for the company. in a research note on Wednesday, April 17th. Finally, Wedbush cut shares of Comerica from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $86.00 to $85.00 in a research note on Wednesday, March 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $90.81.

Shares of NYSE CMA traded up $0.81 during trading hours on Friday, hitting $70.21. The company had a trading volume of 1,349,743 shares, compared to its average volume of 1,463,556. The company has a market cap of $10.82 billion, a PE ratio of 9.70, a PEG ratio of 1.22 and a beta of 1.47. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. Comerica Incorporated has a 1-year low of $63.69 and a 1-year high of $100.64.

Comerica (NYSE:CMA) last released its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $2.08 EPS for the quarter, beating the consensus estimate of $1.93 by $0.15. The company had revenue of $852.00 million during the quarter, compared to the consensus estimate of $852.88 million. Comerica had a return on equity of 16.95% and a net margin of 34.75%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.59 EPS. As a group, sell-side analysts predict that Comerica Incorporated will post 8.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Thursday, June 13th. Comerica’s payout ratio is presently 37.02%.

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Comerica Profile

Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Management. The Business Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services middle market businesses, multinational corporations, and governmental entities.

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Institutional Ownership by Quarter for Comerica (NYSE:CMA)

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