Comerica Incorporated $CMA Stock Holdings Trimmed by Savant Capital LLC

Savant Capital LLC lessened its position in shares of Comerica Incorporated (NYSE:CMA) by 31.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,169 shares of the financial services provider’s stock after selling 3,731 shares during the period. Savant Capital LLC’s holdings in Comerica were worth $487,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Phocas Financial Corp. increased its stake in Comerica by 0.4% during the second quarter. Phocas Financial Corp. now owns 122,871 shares of the financial services provider’s stock valued at $7,329,000 after purchasing an additional 484 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new stake in shares of Comerica during the 2nd quarter valued at about $626,000. Tredje AP fonden raised its stake in Comerica by 11.4% during the second quarter. Tredje AP fonden now owns 17,933 shares of the financial services provider’s stock worth $1,070,000 after acquiring an additional 1,837 shares during the period. Strs Ohio boosted its stake in Comerica by 39.0% in the second quarter. Strs Ohio now owns 27,627 shares of the financial services provider’s stock valued at $1,648,000 after acquiring an additional 7,754 shares during the period. Finally, Retirement Systems of Alabama grew its holdings in shares of Comerica by 0.4% during the second quarter. Retirement Systems of Alabama now owns 160,617 shares of the financial services provider’s stock valued at $9,581,000 after purchasing an additional 677 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Evercore ISI set a $88.00 price objective on Comerica and gave the company an “in-line” rating in a research report on Thursday, October 30th. Weiss Ratings lowered shares of Comerica from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Wells Fargo & Company lifted their price objective on shares of Comerica from $65.00 to $97.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. DA Davidson set a $60.00 price target on shares of Comerica and gave the company a “neutral” rating in a research note on Monday, July 21st. Finally, Royal Bank Of Canada boosted their price objective on Comerica from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Comerica presently has an average rating of “Hold” and a consensus price target of $74.55.

Comerica Trading Up 0.2%

Shares of NYSE:CMA opened at $78.29 on Friday. The company has a 50 day moving average of $74.43 and a 200-day moving average of $66.43. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a market cap of $10.00 billion, a P/E ratio of 14.94 and a beta of 1.04. Comerica Incorporated has a twelve month low of $48.12 and a twelve month high of $83.22.

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

Comerica Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Monday, December 15th will be 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 of this dividend is Monday, December 15th. Comerica’s payout ratio is currently 54.20%.

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.