Comerica Incorporated (NYSE:CMA) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in shares of Comerica Incorporated (NYSE:CMA) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 326,380 shares of the financial services provider’s stock after purchasing an additional 5,649 shares during the quarter. Natixis Advisors LLC’s holdings in Comerica were worth $16,659,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of Comerica by 105.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 182,402 shares of the financial services provider’s stock worth $10,031,000 after buying an additional 3,595,036 shares in the last quarter. Norges Bank acquired a new position in Comerica during the 4th quarter worth $80,691,000. Azora Capital LP bought a new stake in shares of Comerica in the 4th quarter worth about $63,548,000. Dimensional Fund Advisors LP raised its stake in shares of Comerica by 60.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,605,943 shares of the financial services provider’s stock valued at $145,444,000 after purchasing an additional 984,391 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Comerica by 51.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,564,217 shares of the financial services provider’s stock worth $143,109,000 after purchasing an additional 870,812 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Comerica Trading Down 1.8 %

Shares of CMA stock opened at $54.83 on Thursday. Comerica Incorporated has a 1 year low of $37.40 and a 1 year high of $58.50. The firm has a market capitalization of $7.27 billion, a PE ratio of 10.90 and a beta of 1.25. The stock has a fifty day moving average of $53.71 and a two-hundred day moving average of $51.99. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.96 and a current ratio of 0.96.

Comerica (NYSE:CMA) last announced its earnings results on Friday, July 19th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.30. Comerica had a net margin of 12.15% and a return on equity of 15.01%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $812.79 million. During the same quarter in the prior year, the firm posted $2.01 EPS. As a group, research analysts expect that Comerica Incorporated will post 5.05 EPS for the current year.

Comerica Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 5.18%. Comerica’s dividend payout ratio is presently 56.46%.

Insider Buying and Selling

In other Comerica news, EVP Christine M. Moore sold 2,545 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $57.51, for a total transaction of $146,362.95. Following the completion of the transaction, the executive vice president now directly owns 27,910 shares of the company’s stock, valued at approximately $1,605,104.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CMA shares. Stephens reissued an “overweight” rating and issued a $64.00 price objective on shares of Comerica in a report on Tuesday, June 11th. JPMorgan Chase & Co. lowered their price target on Comerica from $62.00 to $57.00 and set a “neutral” rating for the company in a report on Thursday, June 27th. Keefe, Bruyette & Woods reduced their price objective on Comerica from $58.00 to $56.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 9th. Royal Bank of Canada lowered their target price on shares of Comerica from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Finally, StockNews.com raised shares of Comerica from a “sell” rating to a “hold” rating in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Comerica currently has an average rating of “Hold” and a consensus target price of $55.45.

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.