Comerica Incorporated (NYSE:CMA) Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL raised its holdings in Comerica Incorporated (NYSE:CMA) by 74.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 133,344 shares of the financial services provider’s stock after acquiring an additional 56,788 shares during the quarter. Tudor Investment Corp ET AL owned 0.10% of Comerica worth $8,247,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in Comerica during the third quarter worth about $42,000. Tidal Investments LLC increased its position in shares of Comerica by 96.2% in the third quarter. Tidal Investments LLC now owns 32,138 shares of the financial services provider’s stock valued at $1,925,000 after buying an additional 15,758 shares in the last quarter. Franklin Resources Inc. increased its holdings in Comerica by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 14,690 shares of the financial services provider’s stock valued at $901,000 after acquiring an additional 1,255 shares in the last quarter. JPMorgan Chase & Co. raised its position in Comerica by 134.0% during the third quarter. JPMorgan Chase & Co. now owns 856,431 shares of the financial services provider’s stock worth $51,309,000 after acquiring an additional 490,468 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Comerica by 8.9% in the fourth quarter. GAMMA Investing LLC now owns 6,084 shares of the financial services provider’s stock valued at $376,000 after purchasing an additional 499 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Comerica Trading Up 0.6 %

Shares of CMA opened at $54.18 on Wednesday. Comerica Incorporated has a 12 month low of $45.32 and a 12 month high of $73.45. The stock’s 50-day moving average is $56.84 and its two-hundred day moving average is $62.59. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market cap of $7.11 billion, a PE ratio of 10.79 and a beta of 0.96.

Comerica (NYSE:CMA) last released its quarterly 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 for the quarter, compared to analyst estimates 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 company posted $1.29 EPS. Equities analysts forecast that Comerica Incorporated will post 5.28 earnings per share for the current fiscal year.

Comerica Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors 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 yield of 5.24%. The ex-dividend date of this dividend is Friday, June 13th. Comerica’s payout ratio is 53.69%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CMA. Truist Financial dropped their price objective on shares of Comerica from $65.00 to $57.00 and set a “hold” rating for the company in a research note on Tuesday, April 22nd. DA Davidson cut their price objective on shares of Comerica from $71.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Stephens cut shares of 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. JPMorgan Chase & Co. lowered Comerica from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $64.00 to $52.00 in a research note on Tuesday, April 22nd. Finally, Argus raised Comerica to a “hold” rating in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Comerica has a consensus rating of “Hold” and an average target price of $62.84.

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.