Steward Partners Investment Advisory LLC Has $84,000 Stock Holdings in Comerica Incorporated (NYSE:CMA)

Steward Partners Investment Advisory LLC increased its position in shares of Comerica Incorporated (NYSE:CMA) by 64.3% in the fourth quarter, HoldingsChannel reports. The firm owned 1,362 shares of the financial services provider’s stock after purchasing an additional 533 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Comerica were worth $84,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CMA. Trust Co. of Vermont increased its position in shares of Comerica by 300.0% during the 4th quarter. Trust Co. of Vermont now owns 428 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 321 shares in the last quarter. Luken Investment Analytics LLC acquired a new stake in shares of Comerica during the 4th quarter worth about $31,000. MCF Advisors LLC increased its position in shares of Comerica by 56.3% during the 4th quarter. MCF Advisors LLC now owns 633 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 228 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Comerica during the 3rd quarter worth about $42,000. Finally, V Square Quantitative Management LLC increased its position in shares of Comerica by 36.7% during the 4th quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 221 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Comerica from $82.00 to $77.00 and set an “outperform” rating for the company in a research report on Thursday, January 23rd. Compass Point increased their target price on shares of Comerica from $64.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Morgan Stanley lowered their price objective on shares of Comerica from $71.00 to $63.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Argus upgraded shares of Comerica to a “hold” rating in a research report on Friday, January 31st. Finally, Barclays raised their price objective on shares of Comerica from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Monday, January 6th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Comerica currently has an average rating of “Hold” and an average price target of $68.29.

Comerica Stock Up 0.4 %

Comerica stock opened at $57.95 on Tuesday. The company’s 50 day simple moving average is $63.70 and its 200 day simple moving average is $63.41. Comerica Incorporated has a fifty-two week low of $45.32 and a fifty-two week high of $73.45. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 11.54 and a beta of 1.23. 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) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.05). 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 business posted $1.46 EPS. As a group, sell-side analysts anticipate 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 Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Friday, March 14th. Comerica’s payout ratio is 56.57%.

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.