Nebula Research & Development LLC Grows Stock Holdings in Comerica Incorporated (NYSE:CMA)

Nebula Research & Development LLC raised its holdings in Comerica Incorporated (NYSE:CMA - Free Report) by 83.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,282 shares of the financial services provider's stock after buying an additional 6,029 shares during the quarter. Nebula Research & Development LLC's holdings in Comerica were worth $821,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Comerica by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,035,820 shares of the financial services provider's stock valued at $311,464,000 after buying an additional 114,072 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Comerica by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,431,556 shares of the financial services provider's stock worth $274,092,000 after purchasing an additional 125,514 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in Comerica by 3.0% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,481,211 shares of the financial services provider's stock worth $153,462,000 after buying an additional 72,391 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Comerica by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 2,214,963 shares of the financial services provider's stock valued at $137,039,000 after acquiring an additional 103,118 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Comerica by 29.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,149,591 shares of the financial services provider's stock worth $132,952,000 after acquiring an additional 492,381 shares during the period. Hedge funds and other institutional investors own 80.74% of the company's stock.

Comerica Stock Up 1.4 %

Shares of NYSE CMA traded up $0.75 during midday trading on Thursday, hitting $54.50. The company's stock had a trading volume of 1,056,436 shares, compared to its average volume of 2,205,944. Comerica Incorporated has a 1 year low of $45.32 and a 1 year high of $73.45. The business's fifty day simple moving average is $56.61 and its two-hundred day simple moving average is $62.53. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 10.86 and a beta of 0.96. 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 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. The firm had revenue of $829.00 million during the quarter, compared to analysts' expectations of $839.31 million. Comerica had a return on equity of 12.04% and a net margin of 13.98%. During the same period in the previous year, the firm posted $1.29 EPS. On average, equities analysts predict that Comerica Incorporated will post 5.28 EPS for the current year.

Comerica Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date of this dividend is Friday, June 13th. Comerica's dividend payout ratio (DPR) is currently 53.69%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CMA. Stephens downgraded Comerica from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $66.00 to $64.00 in a research note on Monday, March 31st. Argus raised shares of Comerica to a "hold" rating in a report on Friday, January 31st. UBS Group raised shares of Comerica from a "sell" rating to a "neutral" rating and set a $59.00 price objective on the stock in a report on Thursday, April 10th. Barclays lifted their price objective on Comerica from $66.00 to $68.00 and gave the stock an "underweight" rating in a report on Monday, January 6th. Finally, DA Davidson decreased their price objective on Comerica from $71.00 to $67.00 and set a "neutral" rating on the stock in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Comerica has a consensus rating of "Hold" and a consensus target price of $62.84.

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.