Comerica Incorporated (CMA) : Peak6 Investments scooped up 98,828 additional shares in Comerica Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 258,648 shares of Comerica Incorporated which is valued at $15,273,164.Comerica Incorporated makes up approximately 0.85% of Peak6 Investments’s portfolio.
Other Hedge Funds, Including , Levin Capital Strategies reduced its stake in CMA by selling 415,017 shares or 30.29% in the most recent quarter. The Hedge Fund company now holds 955,052 shares of CMA which is valued at $56,395,821. Comerica Incorporated makes up approx 0.97% of Levin Capital Strategies’s portfolio.Azimuth Capital Management reduced its stake in CMA by selling 2,500 shares or 7.02% in the most recent quarter. The Hedge Fund company now holds 33,101 shares of CMA which is valued at $1,866,565. Comerica Incorporated makes up approx 0.17% of Azimuth Capital Management’s portfolio.Blackrock Group Ltd boosted its stake in CMA in the latest quarter, The investment management firm added 38,532 additional shares and now holds a total of 1,383,618 shares of Comerica Incorporated which is valued at $71,948,136. Comerica Incorporated makes up approx 0.04% of Blackrock Group Ltd’s portfolio.Koshinski Asset Management reduced its stake in CMA by selling 1,104 shares or 16.72% in the most recent quarter. The Hedge Fund company now holds 5,500 shares of CMA which is valued at $266,200. Comerica Incorporated makes up approx 0.13% of Koshinski Asset Management’s portfolio.
Comerica Incorporated opened for trading at $60.61 and hit $61.08 on the upside on Monday, eventually ending the session at $61.04, with a gain of 0.78% or 0.47 points. The heightened volatility saw the trading volume jump to 34,63,271 shares. Company has a market cap of $10,515 M.
On the company’s financial health, Comerica Incorporated reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $0.78.Analysts expectations of $ 720.40.During the same quarter in the previous year, the company posted $0.74 EPS.
Investors should note that on Nov 8, 2016, Comerica Incorporated announced a cash dividend of $0.2300. The company’s management has announced Dec 13, 2016 as the ex-dividend date and fixed the record date on Dec 15, 2016. The payable date has been fixed on Jan 1, 2017.
Many Wall Street Analysts have commented on Comerica Incorporated. Comerica Incorporated was Downgraded by Sandler O’Neill to ” Hold” on Nov 14, 2016. Robert W. Baird Downgraded Comerica Incorporated on Nov 10, 2016 to ” Neutral”, Price Target of the shares are set at $52.Company shares were Reiterated by RBC Capital Mkts on Oct 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 56 from a previous price target of $49 .
Comerica Incorporated is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. It operates in three business segments: the Business Bank the Retail Bank and Wealth Management. In addition it also operates in the Finance segment. The Business Bank segment offers commercial loans and lines of credit deposits cash management capital market products international trade finance letters of credit foreign exchange management services and loan syndication services. The Retail Bank segment offers deposit accounts installment loans credit cards student loans home equity lines of credit and residential mortgage loans. The Wealth Management segment offers fiduciary services private banking retirement services investment management and advisory services investment banking and brokerage services. The Finance segment includes its securities portfolio and asset and liability management activities.