Comerica Incorporated (NYSE:CMA) Shares Purchased by Lido Advisors LLC

Lido Advisors LLC increased its holdings in shares of Comerica Incorporated (NYSE:CMAFree Report) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,904 shares of the financial services provider’s stock after acquiring an additional 353 shares during the quarter. Lido Advisors LLC’s holdings in Comerica were worth $1,326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMA. Meitav Investment House Ltd. bought a new stake in shares of Comerica during the second quarter valued at approximately $47,000. LSV Asset Management raised its holdings in shares of Comerica by 3.5% during the third quarter. LSV Asset Management now owns 678,976 shares of the financial services provider’s stock valued at $28,211,000 after buying an additional 22,800 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Comerica by 607.3% during the third quarter. Mackenzie Financial Corp now owns 303,143 shares of the financial services provider’s stock valued at $12,007,000 after buying an additional 260,286 shares during the last quarter. Pearl River Capital LLC bought a new stake in shares of Comerica during the third quarter valued at approximately $636,000. Finally, Hudson Bay Capital Management LP raised its holdings in shares of Comerica by 150.0% during the second quarter. Hudson Bay Capital Management LP now owns 250,000 shares of the financial services provider’s stock valued at $10,590,000 after buying an additional 150,000 shares during the last quarter. Institutional investors and hedge funds own 81.94% of the company’s stock.

Insider Buying and Selling

In related news, EVP Wendy Bridges sold 3,034 shares of Comerica stock in a transaction on Monday, February 12th. The shares were sold at an average price of $52.74, for a total value of $160,013.16. Following the transaction, the executive vice president now owns 17,460 shares in the company, valued at approximately $920,840.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Cassandra M. Mckinney sold 1,616 shares of Comerica stock in a transaction on Monday, January 29th. The shares were sold at an average price of $54.64, for a total value of $88,298.24. Following the transaction, the executive vice president now owns 8,314 shares in the company, valued at approximately $454,276.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Wendy Bridges sold 3,034 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $52.74, for a total transaction of $160,013.16. Following the transaction, the executive vice president now owns 17,460 shares in the company, valued at approximately $920,840.40. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Comerica Trading Up 1.7 %

Shares of NYSE:CMA opened at $52.07 on Friday. The firm has a fifty day moving average of $52.47 and a two-hundred day moving average of $47.64. The firm has a market capitalization of $6.90 billion, a P/E ratio of 8.09 and a beta of 1.25. Comerica Incorporated has a 12-month low of $28.40 and a 12-month high of $67.64. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.03.

Comerica (NYSE:CMAGet Free Report) last released its quarterly earnings data on Friday, January 19th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.08. Comerica had a net margin of 16.71% and a return on equity of 19.41%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $826.07 million. During the same quarter in the previous year, the business earned $2.58 EPS. On average, equities analysts expect that Comerica Incorporated will post 5.26 EPS for the current fiscal year.

Comerica Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend is Thursday, March 14th. Comerica’s payout ratio is presently 44.10%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMA. JPMorgan Chase & Co. cut Comerica from an “overweight” rating to a “neutral” rating and set a $57.00 price target on the stock. in a report on Tuesday, December 12th. Argus lowered shares of Comerica from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Stephens reiterated an “overweight” rating and set a $64.00 price objective on shares of Comerica in a research note on Wednesday. Wells Fargo & Company raised their price objective on shares of Comerica from $45.00 to $52.00 and gave the company an “underweight” rating in a research note on Thursday, December 14th. Finally, The Goldman Sachs Group upgraded shares of Comerica from a “neutral” rating to a “buy” rating and set a $70.50 price objective on the stock in a research note on Thursday, January 4th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Comerica has an average rating of “Hold” and a consensus target price of $56.50.

View Our Latest Stock Report on CMA

Comerica Profile

(Free Report)

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, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services, as well as payment and card services for small and middle market businesses, multinational corporations, and governmental entities.

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Institutional Ownership by Quarter for Comerica (NYSE:CMA)

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