Corient Private Wealth LLC Has $2.96 Million Stock Position in Comerica Incorporated (NYSE:CMA)

Corient Private Wealth LLC lowered its stake in Comerica Incorporated (NYSE:CMA) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,782 shares of the financial services provider’s stock after selling 2,562 shares during the quarter. Corient Private Wealth LLC’s holdings in Comerica were worth $2,955,000 as of its most recent SEC filing.

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

Comerica Trading Down 0.1 %

Shares of NYSE:CMA opened at $58.99 on Friday. The company has a market capitalization of $7.74 billion, a P/E ratio of 11.75 and a beta of 1.23. Comerica Incorporated has a 1 year low of $45.32 and a 1 year high of $73.45. 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 business’s 50 day simple moving average is $63.47 and its 200 day simple moving average is $63.43.

Comerica (NYSE:CMA) last released its earnings results 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 period in the prior year, the firm earned $1.46 EPS. On average, research analysts anticipate that Comerica Incorporated will post 5.28 EPS for the current fiscal year.

Comerica Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 4.81%. The ex-dividend date of this dividend is Friday, March 14th. Comerica’s payout ratio is presently 56.57%.

Analysts Set New Price Targets

CMA has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on Comerica from $71.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. DA Davidson lowered their price target on Comerica from $71.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Barclays boosted their price target on Comerica from $66.00 to $68.00 and gave the stock an “underweight” rating in a research report on Monday, January 6th. The Goldman Sachs Group downgraded Comerica from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $85.00 to $71.00 in a research report on Tuesday, January 7th. Finally, Robert W. Baird boosted their price target on Comerica from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $68.29.

About Comerica

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.