Natixis Advisors LLC Increases Stock Position in Comerica Incorporated (NYSE:CMA)

Natixis Advisors LLC increased its position in shares of Comerica Incorporated (NYSE:CMA) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 420,973 shares of the financial services provider’s stock after buying an additional 7,283 shares during the period. Natixis Advisors LLC owned 0.32% of Comerica worth $26,037,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings 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 buying an additional 490,468 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Comerica by 158.2% during the third quarter. Oppenheimer & Co. Inc. now owns 20,324 shares of the financial services provider’s stock worth $1,218,000 after buying an additional 12,454 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Comerica by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,306,042 shares of the financial services provider’s stock valued at $257,975,000 after purchasing an additional 226,285 shares in the last quarter. Citigroup Inc. lifted its holdings in Comerica by 390.6% during the third quarter. Citigroup Inc. now owns 761,601 shares of the financial services provider’s stock valued at $45,628,000 after purchasing an additional 606,375 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in Comerica during the fourth quarter valued at $82,419,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Comerica Trading Up 0.4 %

Shares of CMA stock opened at $57.95 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $7.61 billion, a P/E ratio of 11.54 and a beta of 1.23. The company has a 50 day moving average price of $63.70 and a 200 day moving average price of $63.41. Comerica Incorporated has a fifty-two week low of $45.32 and a fifty-two week high of $73.45.

Comerica (NYSE:CMA) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.05). Comerica had a net margin of 13.98% and a return on equity of 12.04%. During the same quarter last year, the firm posted $1.46 earnings per share. Equities research analysts predict that Comerica Incorporated will post 5.28 EPS for the current fiscal year.

Comerica Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Friday, March 14th. Comerica’s dividend payout ratio (DPR) is presently 56.57%.

Analyst Ratings Changes

Several research firms have issued reports on CMA. Compass Point increased their price objective on shares of Comerica from $64.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. DA Davidson decreased their price objective on shares of Comerica from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. The Goldman Sachs Group downgraded shares of Comerica from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $85.00 to $71.00 in a report on Tuesday, January 7th. Argus raised shares of Comerica to a “hold” rating in a report on Friday, January 31st. Finally, Stephens reaffirmed an “overweight” rating and set a $72.00 price objective on shares of Comerica in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $68.29.

Comerica 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.