995 Shares in Comerica Incorporated (NYSE:CMA) Bought by CVA Family Office LLC

CVA Family Office LLC acquired a new stake in Comerica Incorporated (NYSE:CMA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 995 shares of the financial services provider’s stock, valued at approximately $56,000.

A number of other hedge funds have also recently made changes to their positions in CMA. Chilton Capital Management LLC acquired a new stake in shares of Comerica in the 1st quarter worth about $28,000. Penserra Capital Management LLC purchased a new stake in Comerica in the 2nd quarter valued at $35,000. Fortitude Family Office LLC bought a new position in Comerica during the 4th quarter valued at $36,000. Almanack Investment Partners LLC. purchased a new position in Comerica during the 3rd quarter worth $38,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Comerica in the 3rd quarter worth $47,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Comerica Stock Performance

Comerica stock opened at $54.23 on Thursday. The firm’s fifty day moving average price is $51.46 and its 200-day moving average price is $48.07. Comerica Incorporated has a fifty-two week low of $28.40 and a fifty-two week high of $57.39. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $7.18 billion, a P/E ratio of 8.42 and a beta of 1.25.

Comerica (NYSE:CMA) last announced its quarterly earnings data on Friday, January 19th. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.08. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $826.07 million. Comerica had a net margin of 16.71% and a return on equity of 19.41%. During the same period in the previous year, the business posted $2.58 EPS. On average, equities research analysts expect that Comerica Incorporated will post 5.26 earnings per share for the current fiscal year.

Comerica Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be issued a $0.71 dividend. The ex-dividend date is Thursday, March 14th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 5.24%. Comerica’s payout ratio is 44.10%.

Analyst Ratings Changes

Several research firms have commented on CMA. Morgan Stanley increased their price objective on shares of Comerica from $45.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Wells Fargo & Company increased their price target on shares of Comerica from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Thursday, December 14th. Raymond James lowered shares of Comerica from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. TheStreet raised shares of Comerica from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. Finally, Royal Bank of Canada lifted their price target on shares of Comerica from $50.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $55.93.

Insider Transactions at Comerica

In related news, EVP Cassandra M. Mckinney sold 1,616 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $54.64, for a total transaction of $88,298.24. Following the completion of the sale, the executive vice president now directly owns 8,314 shares in the company, valued at approximately $454,276.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Cassandra M. Mckinney sold 1,616 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $54.64, for a total transaction of $88,298.24. Following the completion of the sale, the executive vice president now directly owns 8,314 shares in the company, valued at approximately $454,276.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Wendy Bridges sold 3,034 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $52.74, for a total transaction of $160,013.16. Following the sale, the executive vice president now owns 17,460 shares of the company’s stock, valued at $920,840.40. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Comerica 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.