Linden Thomas Advisory Services LLC Has $2.01 Million Stake in Comerica Incorporated $CMA

Linden Thomas Advisory Services LLC boosted its stake in Comerica Incorporated (NYSE:CMA) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,770 shares of the financial services provider’s stock after purchasing an additional 659 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Comerica were worth $2,014,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new stake in Comerica in the first quarter valued at $33,000. Gen Wealth Partners Inc acquired a new stake in Comerica during the 1st quarter worth about $34,000. Geneos Wealth Management Inc. grew its holdings in Comerica by 41.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 176 shares during the period. FNY Investment Advisers LLC acquired a new stake in Comerica during the 2nd quarter worth about $35,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Comerica during the 1st quarter worth about $55,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Comerica Price Performance

Shares of NYSE CMA opened at $78.33 on Friday. Comerica Incorporated has a fifty-two week low of $48.12 and a fifty-two week high of $83.22. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 14.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 0.96. The firm’s 50-day simple moving average is $71.86 and its 200 day simple moving average is $63.72.

Comerica (NYSE:CMA) last announced its quarterly earnings results on Monday, December 9th. The financial services provider reported $1.53 earnings per share for the quarter. Comerica had a net margin of 14.91% and a return on equity of 10.69%. The business had revenue of $824.00 million for the quarter. As a group, research analysts anticipate that Comerica Incorporated will post 5.28 earnings per share for the current fiscal year.

Comerica Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, September 15th. Comerica’s payout ratio is presently 54.20%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Cantor Fitzgerald started coverage on Comerica in a report on Wednesday, September 10th. They set a “neutral” rating and a $72.00 price target for the company. Jefferies Financial Group raised their target price on Comerica from $75.00 to $85.00 and gave the company a “hold” rating in a research note on Tuesday, October 7th. Stephens restated an “equal weight” rating on shares of Comerica in a research note on Monday, July 21st. UBS Group set a $64.00 target price on Comerica and gave the company a “neutral” rating in a research note on Monday, July 21st. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $93.00 target price (up from $73.00) on shares of Comerica in a research note on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Comerica has a consensus rating of “Hold” and an average target price of $73.65.

Insider Buying and Selling

In other news, insider James Mcgregor Carr sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $67.28, for a total value of $269,120.00. Following the transaction, the insider owned 33,471 shares in the company, valued at $2,251,928.88. The trade was a 10.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Allysun C. Fleming sold 2,100 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $67.03, for a total value of $140,763.00. Following the completion of the transaction, the executive vice president owned 9,424 shares in the company, valued at $631,690.72. The trade was a 18.22% decrease in their position. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

About Comerica

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.