BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Comerica Incorporated (NYSE:CMA) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,470 shares of the financial services provider’s stock after acquiring an additional 3,183 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.06% of Comerica worth $7,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of CMA. Janus Henderson Group PLC lifted its position in shares of Comerica by 12,425.0% during the second quarter. Janus Henderson Group PLC now owns 2,064,363 shares of the financial services provider’s stock valued at $151,194,000 after buying an additional 2,047,881 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Comerica by 33.4% during the third quarter. JPMorgan Chase & Co. now owns 6,721,807 shares of the financial services provider’s stock valued at $507,632,000 after buying an additional 1,681,640 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Comerica by 6.7% during the second quarter. Vanguard Group Inc. now owns 18,161,488 shares of the financial services provider’s stock valued at $1,330,147,000 after buying an additional 1,142,275 shares during the last quarter. State Street Corp lifted its position in shares of Comerica by 11.3% during the second quarter. State Street Corp now owns 9,990,021 shares of the financial services provider’s stock valued at $731,672,000 after buying an additional 1,010,965 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of Comerica by 132.7% during the second quarter. Voya Investment Management LLC now owns 1,692,458 shares of the financial services provider’s stock valued at $123,956,000 after buying an additional 965,041 shares during the last quarter. Institutional investors own 82.04% of the company’s stock.

In other Comerica news, EVP Christine M. Moore sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $75.07, for a total transaction of $240,224.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael T. Ritchie sold 4,596 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $75.08, for a total transaction of $345,067.68. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Shares of Comerica Incorporated (NYSE:CMA) traded down $0.73 during trading on Tuesday, hitting $84.67. 1,257,900 shares of the company traded hands, compared to its average volume of 1,700,329. The stock has a market cap of $14,852.34, a price-to-earnings ratio of 19.28, a P/E/G ratio of 1.96 and a beta of 1.51. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.58. Comerica Incorporated has a 52-week low of $64.04 and a 52-week high of $86.78.

Comerica (NYSE:CMA) last announced its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.03. Comerica had a net margin of 24.87% and a return on equity of 10.35%. The firm had revenue of $821.00 million during the quarter, compared to analyst estimates of $812.83 million. During the same period last year, the firm posted $0.84 EPS. analysts anticipate that Comerica Incorporated will post 4.85 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, December 14th. Comerica’s dividend payout ratio is presently 27.15%.

Several analysts have commented on the stock. Piper Jaffray Companies raised shares of Comerica to a “buy” rating and set a $98.00 price target for the company in a research report on Friday. BidaskClub lowered shares of Comerica from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. B. Riley reissued a “buy” rating and set a $84.00 price target on shares of Comerica in a research report on Monday, December 4th. Nomura increased their price target on shares of Comerica from $71.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, September 28th. Finally, Instinet reissued a “neutral” rating and set a $74.00 price target (up from $71.00) on shares of Comerica in a research report on Saturday, September 30th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $81.38.

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Comerica Company Profile

Comerica Incorporated is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. The Company’s segments include the Business Bank, the Retail Bank, Wealth Management, Finance and Other. The Business Bank serves middle market businesses, multinational corporations and governmental entities by offering various products and services, including 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.

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Institutional Ownership by Quarter for Comerica (NYSE:CMA)

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