iSAM Funds UK Ltd Makes New Investment in Comerica Incorporated (NYSE:CMA)

iSAM Funds UK Ltd bought a new position in Comerica Incorporated (NYSE:CMA - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,613 shares of the financial services provider's stock, valued at approximately $285,000.

Several other institutional investors also recently modified their holdings of CMA. Trust Co. of Vermont lifted its holdings in shares of Comerica by 300.0% during the fourth quarter. Trust Co. of Vermont now owns 428 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 321 shares during the last quarter. Luken Investment Analytics LLC purchased a new position in Comerica in the 4th quarter worth approximately $31,000. MCF Advisors LLC raised its holdings in Comerica by 56.3% in the 4th quarter. MCF Advisors LLC now owns 633 shares of the financial services provider's stock worth $39,000 after acquiring an additional 228 shares during the last quarter. V Square Quantitative Management LLC lifted its position in Comerica by 36.7% in the 4th quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 221 shares in the last quarter. Finally, Quarry LP boosted its stake in Comerica by 152.0% during the 4th quarter. Quarry LP now owns 867 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 523 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Comerica Stock Performance

Shares of NYSE:CMA traded down $0.14 during trading on Monday, reaching $56.22. 1,514,231 shares of the company's stock traded hands, compared to its average volume of 2,192,477. The stock has a market capitalization of $7.39 billion, a P/E ratio of 11.20 and a beta of 0.92. Comerica Incorporated has a 12 month low of $45.32 and a 12 month high of $73.45. The company has a 50 day moving average of $55.49 and a 200-day moving average of $61.73. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.97.

Comerica (NYSE:CMA - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.25 EPS for the quarter, topping 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 business had revenue of $829.00 million during the quarter, compared to analyst estimates of $839.31 million. During the same quarter in the prior year, the firm earned $1.29 earnings per share. On average, equities analysts expect that Comerica Incorporated will post 5.28 EPS for the current year.

Comerica Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, June 13th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.84 annualized dividend and a dividend yield of 5.05%. Comerica's dividend payout ratio (DPR) is 53.69%.

Analyst Ratings Changes

Several research firms have recently weighed in on CMA. UBS Group raised Comerica from a "sell" rating to a "neutral" rating and set a $59.00 price target on the stock in a report on Thursday, April 10th. Morgan Stanley downgraded Comerica from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $63.00 to $55.00 in a report on Monday, April 7th. Stephens downgraded Comerica from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $66.00 to $64.00 in a research note on Monday, March 31st. Truist Financial lowered their price objective on shares of Comerica from $65.00 to $57.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Finally, Evercore ISI lowered shares of Comerica from an "in-line" rating to an "underperform" rating and cut their target price for the company from $65.00 to $50.00 in a research report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Comerica has a consensus rating of "Hold" and a consensus price target of $62.37.

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.