Pendal Group Ltd increased its stake in shares of Comerica Incorporated (NYSE:CMA) by 160.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,836 shares of the financial services provider’s stock after purchasing an additional 49,821 shares during the quarter. Pendal Group Ltd owned approximately 0.06% of Comerica worth $5,800,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMA. Parallel Advisors LLC grew its holdings in shares of Comerica by 7.1% in the 3rd quarter. Parallel Advisors LLC now owns 2,241 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 148 shares during the last quarter. Wetherby Asset Management Inc. lifted its position in Comerica by 2.7% during the 3rd quarter. Wetherby Asset Management Inc. now owns 6,123 shares of the financial services provider’s stock valued at $404,000 after purchasing an additional 160 shares during the period. Blue Chip Partners Inc. increased its stake in shares of Comerica by 1.6% in the 3rd quarter. Blue Chip Partners Inc. now owns 12,907 shares of the financial services provider’s stock valued at $852,000 after acquiring an additional 204 shares during the last quarter. First Mercantile Trust Co. increased its stake in shares of Comerica by 4.1% in the 3rd quarter. First Mercantile Trust Co. now owns 5,209 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 204 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC increased its stake in shares of Comerica by 6.0% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 5,328 shares of the financial services provider’s stock valued at $352,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 82.56% of the company’s stock.

A number of analysts have recently commented on the company. Morgan Stanley lowered their price target on Comerica from $79.00 to $74.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. ValuEngine raised Comerica from a “hold” rating to a “buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Co cut Comerica from an “equal weight” rating to an “underweight” rating and set a $71.00 price target for the company. in a research note on Monday, January 6th. Stephens lowered their price target on Comerica from $74.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, BMO Capital Markets lowered their price target on Comerica from $72.00 to $70.00 and set a “market perform” rating for the company in a research note on Wednesday, January 22nd. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $72.97.

In other news, EVP James Harry Weber sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $63.54, for a total transaction of $413,010.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.98% of the stock is owned by company insiders.

NYSE CMA traded down $0.27 during trading hours on Friday, reaching $62.70. 78,371 shares of the company’s stock were exchanged, compared to its average volume of 1,705,052. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 0.59 and a beta of 1.55. Comerica Incorporated has a one year low of $58.54 and a one year high of $88.96. The company’s 50-day moving average is $66.60 and its two-hundred day moving average is $66.62. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.03 and a current ratio of 1.03.

Comerica (NYSE:CMA) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.11. The company had revenue of $810.00 million during the quarter, compared to analysts’ expectations of $801.73 million. Comerica had a net margin of 31.33% and a return on equity of 16.20%. During the same period last year, the business earned $1.88 EPS. Research analysts predict that Comerica Incorporated will post 6.76 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.68 per share. This is a boost from Comerica’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Thursday, March 12th. Comerica’s dividend payout ratio (DPR) is currently 34.31%.

About Comerica

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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