Susquehanna Fundamental Investments LLC Acquires Shares of 16,000 Comerica Incorporated (NYSE:CMA)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Comerica Incorporated (NYSE:CMA - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 16,000 shares of the financial services provider's stock, valued at approximately $990,000.

Several other large investors have also recently made changes to their positions in CMA. Dimensional Fund Advisors LP boosted its stake in shares of Comerica by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,035,820 shares of the financial services provider's stock valued at $311,464,000 after purchasing an additional 114,072 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Comerica by 2.9% in 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 last quarter. North Reef Capital Management LP boosted its position in Comerica by 15.7% during the fourth quarter. North Reef Capital Management LP now owns 4,050,000 shares of the financial services provider's stock valued at $250,492,000 after buying an additional 550,000 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in shares of Comerica by 3.0% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,481,211 shares of the financial services provider's stock valued at $153,462,000 after buying an additional 72,391 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Comerica by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 2,214,963 shares of the financial services provider's stock worth $137,039,000 after buying an additional 103,118 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CMA shares. Stephens cut Comerica from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $66.00 to $64.00 in a report on Monday, March 31st. Barclays increased their price objective on Comerica from $66.00 to $68.00 and gave the company an "underweight" rating in a research note on Monday, January 6th. DA Davidson decreased their target price on shares of Comerica from $71.00 to $67.00 and set a "neutral" rating on the stock in a research note on Thursday, January 23rd. UBS Group raised shares of Comerica from a "sell" rating to a "neutral" rating and set a $59.00 price target for the company in a research report on Thursday, April 10th. Finally, Wells Fargo & Company decreased their price objective on shares of Comerica from $67.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $62.84.

Comerica Stock Up 3.6 %

Shares of CMA stock traded up $1.98 during midday trading on Friday, reaching $56.44. 1,988,089 shares of the stock were exchanged, compared to its average volume of 2,207,733. The firm has a market cap of $7.41 billion, a PE ratio of 11.24 and a beta of 0.96. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.09. The company's 50 day moving average is $56.24 and its two-hundred day moving average is $62.44. 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 posted its quarterly earnings data on Monday, April 21st. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.11. The business had revenue of $829.00 million during the quarter, compared to the consensus estimate of $839.31 million. Comerica had a return on equity of 12.04% and a net margin of 13.98%. During the same quarter in the prior year, the company earned $1.29 earnings per share. On average, equities research analysts predict that Comerica Incorporated will post 5.28 EPS for the current year.

Comerica Dividend Announcement

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