4,400 Shares in Comerica Incorporated (NYSE:CMA) Acquired by GKV Capital Management Co. Inc.

GKV Capital Management Co. Inc. bought a new position in shares of Comerica Incorporated (NYSE:CMA) during the 4th quarter, HoldingsChannel reports. The firm bought 4,400 shares of the financial services provider’s stock, valued at approximately $272,000.

Other hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont grew its holdings in Comerica by 300.0% during the 4th quarter. Trust Co. of Vermont now owns 428 shares of the financial services provider’s stock valued at $26,000 after buying an additional 321 shares in the last quarter. Luken Investment Analytics LLC purchased a new stake in shares of Comerica in the fourth quarter worth $31,000. MCF Advisors LLC raised its holdings in shares of Comerica by 56.3% in the 4th 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Comerica in the third quarter valued at approximately $42,000. Finally, V Square Quantitative Management LLC grew its stake in Comerica by 36.7% in the 4th quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider’s stock worth $51,000 after buying an additional 221 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Argus upgraded Comerica to a “hold” rating in a report on Friday, January 31st. Wells Fargo & Company reduced their target price on shares of Comerica from $70.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. Truist Financial raised Comerica to a “hold” rating in a research note on Monday, January 6th. DA Davidson reduced 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. Finally, UBS Group raised Comerica from a “sell” rating to a “neutral” rating and set a $59.00 price objective for the company in a research note on Thursday, April 10th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $68.16.

Comerica Stock Performance

CMA opened at $52.59 on Thursday. Comerica Incorporated has a 12-month low of $45.32 and a 12-month high of $73.45. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.09. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 10.48 and a beta of 0.96. The company’s 50 day moving average is $59.43 and its 200 day moving average is $62.95.

Comerica (NYSE:CMA) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.20 EPS 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. On average, equities research analysts predict that Comerica Incorporated will post 5.28 EPS for the current year.

Comerica Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a dividend of $0.71 per share. The ex-dividend date was Friday, March 14th. This represents a $2.84 annualized dividend and a dividend yield of 5.40%. Comerica’s dividend payout ratio (DPR) is currently 56.57%.

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.