Oak Thistle LLC Purchases Shares of 14,709 Comerica Incorporated (NYSE:CMA)

Oak Thistle LLC purchased a new stake in Comerica Incorporated (NYSE:CMAFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 14,709 shares of the financial services provider’s stock, valued at approximately $821,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its position in Comerica by 12.3% in the 4th quarter. Fifth Third Bancorp now owns 16,974 shares of the financial services provider’s stock valued at $947,000 after buying an additional 1,854 shares during the period. Great Waters Wealth Management purchased a new position in Comerica in the 4th quarter valued at approximately $222,000. Fruth Investment Management boosted its position in Comerica by 1.6% in the 4th quarter. Fruth Investment Management now owns 13,090 shares of the financial services provider’s stock valued at $730,000 after buying an additional 200 shares during the period. Global Retirement Partners LLC boosted its position in Comerica by 641.6% in the 4th quarter. Global Retirement Partners LLC now owns 2,677 shares of the financial services provider’s stock valued at $143,000 after buying an additional 2,316 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Comerica by 11.0% during the 4th quarter. Blue Trust Inc. now owns 3,028 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. DA Davidson reaffirmed a “neutral” rating and set a $56.00 price objective on shares of Comerica in a research report on Wednesday, March 6th. Wells Fargo & Company lifted their price objective on shares of Comerica from $45.00 to $52.00 and gave the stock an “underweight” rating in a research report on Thursday, December 14th. Raymond James cut shares of Comerica from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Stephens reaffirmed an “overweight” rating and set a $64.00 price objective on shares of Comerica in a research report on Wednesday, March 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Comerica from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Monday, January 22nd. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Comerica currently has a consensus rating of “Hold” and a consensus target price of $56.93.

Get Our Latest Stock Report on Comerica

Insider Buying and Selling at Comerica

In other news, EVP Wendy Bridges sold 3,034 shares of Comerica stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $52.74, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Wendy Bridges sold 3,034 shares of Comerica stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $52.74, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Cassandra M. Mckinney sold 1,616 shares of Comerica stock in a transaction dated 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 disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.

Comerica Trading Down 0.9 %

NYSE CMA opened at $53.60 on Wednesday. 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 firm has a market cap of $7.10 billion, a PE ratio of 8.32 and a beta of 1.27. Comerica Incorporated has a one year low of $28.40 and a one year high of $57.39. The firm’s fifty day moving average is $51.56 and its two-hundred day moving average is $48.37.

Comerica (NYSE:CMAGet Free Report) last posted its quarterly earnings data on Friday, January 19th. The financial services provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.08. The company had revenue of $1.25 billion for 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 earnings per share. Analysts expect that Comerica Incorporated will post 5.26 earnings per share for the current year.

Comerica Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.71 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.84 dividend on an annualized basis and a yield of 5.30%. Comerica’s dividend payout ratio is presently 44.10%.

Comerica Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comerica Incorporated (NYSE:CMAFree Report).

Institutional Ownership by Quarter for Comerica (NYSE:CMA)

Receive News & Ratings for Comerica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comerica and related companies with MarketBeat.com's FREE daily email newsletter.