82,869 Shares in Comerica Incorporated (NYSE:CMA) Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC acquired a new position in shares of Comerica Incorporated (NYSE:CMA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 82,869 shares of the financial services provider's stock, valued at approximately $5,125,000. Aquatic Capital Management LLC owned approximately 0.06% of Comerica as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CMA. Trust Co. of Vermont lifted its stake in Comerica by 300.0% in the fourth quarter. Trust Co. of Vermont now owns 428 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 321 shares during the last quarter. Luken Investment Analytics LLC bought a new stake in shares of Comerica in the 4th quarter valued at about $31,000. MCF Advisors LLC lifted its stake in Comerica by 56.3% in the 4th quarter. MCF Advisors LLC now owns 633 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 228 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Comerica during the third quarter worth approximately $42,000. Finally, V Square Quantitative Management LLC raised its stake in Comerica by 36.7% in the fourth quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider's stock valued at $51,000 after buying an additional 221 shares during the period. 80.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on CMA shares. JPMorgan Chase & Co. downgraded shares of Comerica from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $64.00 to $52.00 in a report on Tuesday, April 22nd. Stephens cut Comerica from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $66.00 to $64.00 in a report on Monday, March 31st. Robert W. Baird reduced their price target on Comerica from $80.00 to $75.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. DA Davidson lowered their price objective on Comerica from $71.00 to $67.00 and set a "neutral" rating on the stock in a research report on Thursday, January 23rd. Finally, Evercore ISI cut shares of Comerica from an "in-line" rating to an "underperform" rating and reduced their target price for the company from $65.00 to $50.00 in a research report on Tuesday, April 22nd. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $62.84.

Comerica Trading Up 3.7 %

Shares of CMA stock traded up $2.01 during mid-day trading on Friday, reaching $56.47. 1,052,114 shares of the stock traded hands, compared to its average volume of 2,201,999. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 11.25 and a beta of 0.96. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.09. The stock's fifty day simple moving average is $56.40 and its two-hundred day simple moving average is $62.48. Comerica Incorporated has a 1-year low of $45.32 and a 1-year high of $73.45.

Comerica (NYSE:CMA - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.11. Comerica had a net margin of 13.98% and a return on equity of 12.04%. The firm had revenue of $829.00 million during the quarter, compared to analysts' expectations of $839.31 million. During the same period in the prior year, the company posted $1.29 EPS. On average, research analysts anticipate that Comerica Incorporated will post 5.28 EPS for the current fiscal year.

Comerica Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, June 13th will be given a $0.71 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 5.03%. Comerica's dividend payout ratio (DPR) is presently 53.69%.

Comerica Company 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.