Fox Run Management L.L.C. Has $975,000 Stock Holdings in Comerica Incorporated (NYSE:CMA)

Fox Run Management L.L.C. grew its holdings in Comerica Incorporated (NYSE:CMA) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 15,756 shares of the financial services provider’s stock after purchasing an additional 1,151 shares during the quarter. Fox Run Management L.L.C.’s holdings in Comerica were worth $975,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Trust Co. of Vermont grew its position in Comerica by 300.0% in the fourth quarter. Trust Co. of Vermont now owns 428 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 321 shares in the last quarter. Luken Investment Analytics LLC bought a new stake in Comerica in the fourth quarter worth approximately $31,000. MCF Advisors LLC grew its position in Comerica by 56.3% in the fourth quarter. MCF Advisors LLC now owns 633 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 228 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Comerica in the third quarter worth approximately $42,000. Finally, V Square Quantitative Management LLC grew its position in Comerica by 36.7% in the fourth quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 221 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Stephens reissued an “overweight” rating and issued a $72.00 target price on shares of Comerica in a research report on Wednesday, March 5th. Robert W. Baird upped their price objective on shares of Comerica from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. The Goldman Sachs Group downgraded shares of Comerica from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $85.00 to $71.00 in a report on Tuesday, January 7th. Piper Sandler upped their price objective on shares of Comerica from $64.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Finally, UBS Group initiated coverage on shares of Comerica in a report on Tuesday, December 17th. They set a “sell” rating and a $64.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $68.29.

Comerica Trading Down 0.1 %

Shares of CMA stock opened at $58.99 on Friday. Comerica Incorporated has a 52-week low of $45.32 and a 52-week high of $73.45. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 11.75 and a beta of 1.23. 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 firm has a fifty day moving average of $63.47 and a 200-day moving average of $63.43.

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

Comerica Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date of this dividend is Friday, March 14th. Comerica’s dividend payout ratio is 56.57%.

Comerica Company 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.