Hudson Executive Capital Lp Lowers stake in Comerica Incorporated (CMA)

Comerica Incorporated (CMA) : Hudson Executive Capital Lp reduced its stake in Comerica Incorporated by 16.71% during the most recent quarter end. The investment management company now holds a total of 498,500 shares of Comerica Incorporated which is valued at $29,436,425 after selling 100,000 shares in Comerica Incorporated , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Comerica Incorporated makes up approximately 11.57% of Hudson Executive Capital Lp’s portfolio.

Other Hedge Funds, Including , Crestline Management Lp added CMA to its portfolio by purchasing 20,000 company shares during the most recent quarter which is valued at $1,181,000. Comerica Incorporated makes up approx 0.14% of Crestline Management Lp’s portfolio.Barrow Hanley Mewhinney Strauss reduced its stake in CMA by selling 33,900 shares or 2.38% in the most recent quarter. The Hedge Fund company now holds 1,391,242 shares of CMA which is valued at $78,452,136. Comerica Incorporated makes up approx 0.12% of Barrow Hanley Mewhinney Strauss’s portfolio. Usa Financial Portformulas Corp added CMA to its portfolio by purchasing 17,474 company shares during the most recent quarter which is valued at $985,359. Comerica Incorporated makes up approx 0.26% of Usa Financial Portformulas Corp’s portfolio. Quantbot Technologies Lp added CMA to its portfolio by purchasing 39,643 company shares during the most recent quarter which is valued at $2,065,400. Comerica Incorporated makes up approx 0.24% of Quantbot Technologies Lp’s portfolio. Commonwealth Equity Services Inc added CMA to its portfolio by purchasing 5,853 company shares during the most recent quarter which is valued at $303,185.

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.

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