Jefferies Group LLC Increases Holdings in Comerica Incorporated (NYSE:CMA)

Jefferies Group LLC raised its stake in shares of Comerica Incorporated (NYSE:CMA) by 15.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,052 shares of the financial services provider’s stock after buying an additional 9,913 shares during the quarter. Jefferies Group LLC’s holdings in Comerica were worth $5,306,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CMA. Advisory Services Network LLC raised its stake in shares of Comerica by 4.5% in the second quarter. Advisory Services Network LLC now owns 3,450 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 150 shares during the last quarter. Farr Miller & Washington LLC DC raised its stake in shares of Comerica by 3.1% in the second quarter. Farr Miller & Washington LLC DC now owns 5,754 shares of the financial services provider’s stock worth $418,000 after purchasing an additional 172 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Comerica by 3.3% in the second quarter. LS Investment Advisors LLC now owns 5,408 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 172 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Comerica by 1.7% in the second quarter. Crossmark Global Holdings Inc. now owns 10,775 shares of the financial services provider’s stock worth $783,000 after purchasing an additional 175 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. raised its stake in shares of Comerica by 5.8% in the first quarter. Piedmont Investment Advisors Inc. now owns 3,258 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 178 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

NYSE:CMA traded up $0.31 during mid-day trading on Friday, hitting $66.31. 220,671 shares of the company traded hands, compared to its average volume of 1,852,969. The stock’s fifty day moving average price is $62.99 and its 200-day moving average price is $71.89. Comerica Incorporated has a one year low of $58.54 and a one year high of $95.39. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.90. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 0.59 and a beta of 1.52.



Comerica (NYSE:CMA) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.01 by ($0.07). Comerica had a net margin of 33.29% and a return on equity of 16.92%. The company had revenue of $853.00 million for the quarter, compared to the consensus estimate of $859.09 million. During the same period in the prior year, the firm posted $1.87 EPS. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities analysts predict that Comerica Incorporated will post 7.84 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 4.04%. The ex-dividend date is Thursday, September 12th. Comerica’s dividend payout ratio is presently 37.02%.

Several research firms have recently weighed in on CMA. Barclays decreased their price target on Comerica from $81.00 to $74.00 and set an “underweight” rating for the company in a research note on Thursday, September 12th. Citigroup cut Comerica from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $80.00 to $66.00 in a research note on Friday, July 12th. SunTrust Banks decreased their price target on Comerica from $75.00 to $67.00 and set a “hold” rating for the company in a research note on Tuesday, September 10th. Odeon Capital Group cut Comerica from a “buy” rating to a “sell” rating in a research note on Wednesday, September 4th. Finally, Piper Jaffray Companies set a $91.00 price target on Comerica and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. Comerica currently has an average rating of “Hold” and an average price target of $81.48.

Comerica Company 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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