iSAM Funds UK Ltd Makes New $285,000 Investment in Comerica Incorporated (NYSE:CMA)

iSAM Funds UK Ltd acquired a new stake in Comerica Incorporated (NYSE:CMA) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,613 shares of the financial services provider’s stock, valued at approximately $285,000.

A number of other institutional investors have also made changes to their positions in CMA. Vident Advisory LLC acquired a new stake in Comerica in the 4th quarter valued at $208,000. Two Sigma Advisers LP grew its holdings in shares of Comerica by 12.4% in the 4th quarter. Two Sigma Advisers LP now owns 1,074,800 shares of the financial services provider’s stock valued at $66,476,000 after acquiring an additional 118,900 shares in the last quarter. Two Sigma Investments LP increased its position in shares of Comerica by 32.9% in the fourth quarter. Two Sigma Investments LP now owns 1,055,793 shares of the financial services provider’s stock valued at $65,301,000 after acquiring an additional 261,418 shares during the last quarter. Teza Capital Management LLC acquired a new stake in shares of Comerica in the fourth quarter valued at about $1,367,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in Comerica by 126.7% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,447 shares of the financial services provider’s stock worth $461,000 after acquiring an additional 4,162 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. The Goldman Sachs Group decreased their price target on Comerica from $66.00 to $57.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. DA Davidson decreased their target price on shares of Comerica from $71.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Evercore ISI lowered shares of Comerica from an “in-line” rating to an “underperform” rating and dropped their price target for the stock from $65.00 to $50.00 in a research report on Tuesday, April 22nd. Argus upgraded shares of Comerica to a “hold” rating in a research note on Friday, January 31st. Finally, Raymond James decreased their price objective on shares of Comerica from $72.00 to $67.00 and set an “outperform” rating for the company in a research report on Wednesday, April 2nd. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Comerica presently has an average rating of “Hold” and an average price target of $63.22.

Comerica Stock Down 0.9%

Comerica stock opened at $58.09 on Wednesday. The company’s 50-day moving average price is $55.60 and its two-hundred day moving average price is $61.96. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.09. The stock has a market cap of $7.63 billion, a P/E ratio of 11.57 and a beta of 0.92. Comerica Incorporated has a twelve month low of $45.32 and a twelve month high of $73.45.

Comerica (NYSE:CMA) last announced its earnings results on Monday, April 21st. The financial services provider reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. The company 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 quarter last year, the company earned $1.29 earnings per share. As a group, analysts expect that Comerica Incorporated will post 5.28 EPS for the current year.

Comerica Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 4.89%. The ex-dividend date is Friday, June 13th. Comerica’s payout ratio is 53.69%.

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.