Universal Beteiligungs und Servicegesellschaft mbH Invests $4.18 Million in Comerica Incorporated (NYSE:CMA)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Comerica Incorporated (NYSE:CMA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 67,555 shares of the financial services provider's stock, valued at approximately $4,178,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.05% of Comerica at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. V Square Quantitative Management LLC grew its holdings in shares of 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 buying an additional 221 shares during the period. Quarry LP grew its holdings in shares of Comerica by 152.0% in the 4th quarter. Quarry LP now owns 867 shares of the financial services provider's stock valued at $54,000 after buying an additional 523 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Comerica by 64.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,362 shares of the financial services provider's stock valued at $84,000 after buying an additional 533 shares during the period. Deseret Mutual Benefit Administrators grew its holdings in shares of Comerica by 38.9% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,453 shares of the financial services provider's stock valued at $90,000 after buying an additional 407 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Comerica by 63.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,061 shares of the financial services provider's stock valued at $127,000 after buying an additional 802 shares during the period. Institutional investors and hedge funds own 80.74% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Comerica from $67.00 to $55.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Robert W. Baird cut their price objective on shares of Comerica from $80.00 to $75.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. cut shares of Comerica from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $64.00 to $52.00 in a research report on Tuesday, April 22nd. Raymond James cut their price objective on shares of Comerica from $72.00 to $67.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. Finally, The Goldman Sachs Group cut their price objective on shares of Comerica from $66.00 to $57.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Comerica has a consensus rating of "Hold" and a consensus price target of $62.37.

Comerica Stock Performance

CMA traded up $0.09 on Thursday, reaching $57.56. The company had a trading volume of 184,437 shares, compared to its average volume of 2,180,662. Comerica Incorporated has a fifty-two week low of $45.32 and a fifty-two week high of $73.45. The stock has a market cap of $7.56 billion, a P/E ratio of 11.45 and a beta of 0.92. The company's fifty day moving average is $55.09 and its 200 day moving average is $61.14. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.97 and a current ratio of 0.97.

Comerica (NYSE:CMA - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The financial services provider reported $1.25 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $839.31 million. During the same quarter in the prior year, the business earned $1.29 EPS. As a group, analysts predict that Comerica Incorporated will post 5.28 earnings per share for the current fiscal year.

Comerica Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Friday, June 13th. 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.