9,914 Shares in Comerica Incorporated (NYSE:CMA) Bought by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in Comerica Incorporated (NYSE:CMA) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,914 shares of the financial services provider’s stock, valued at approximately $613,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CMA. Trust Co. of Vermont boosted its stake in 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 bought a new stake in Comerica during the fourth quarter valued at $31,000. MCF Advisors LLC grew its stake in Comerica by 56.3% in the 4th quarter. MCF Advisors LLC now owns 633 shares of the financial services provider’s stock worth $39,000 after buying an additional 228 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Comerica in the third quarter worth $42,000. Finally, V Square Quantitative Management LLC increased its position in shares of Comerica by 36.7% during the 4th quarter. V Square Quantitative Management LLC now owns 824 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 221 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Compass Point lifted their price target on shares of Comerica from $64.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. DA Davidson decreased their price objective on Comerica from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, January 23rd. Keefe, Bruyette & Woods lowered their target price on Comerica from $82.00 to $77.00 and set an “outperform” rating for the company in a research note on Thursday, January 23rd. Barclays raised 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Comerica from $73.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Comerica currently has an average rating of “Hold” and a consensus target price of $68.29.

Comerica Stock Performance

Shares of CMA opened at $60.87 on Wednesday. The business has a 50-day simple moving average of $63.41 and a two-hundred day simple moving average of $63.57. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 12.13 and a beta of 1.23. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.09. Comerica Incorporated has a 52 week low of $45.32 and a 52 week high of $73.45.

Comerica (NYSE:CMA) last issued its quarterly 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 net margin of 13.98% and a return on equity of 12.04%. During the same quarter in the previous year, the company posted $1.46 EPS. On average, analysts expect that Comerica Incorporated will post 5.28 EPS for the current year.

Comerica Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Friday, March 14th. Comerica’s dividend payout ratio (DPR) is presently 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.