Yousif Capital Management LLC Sells 360 Shares of Comerica Incorporated $CMA

Yousif Capital Management LLC lowered its holdings in Comerica Incorporated (NYSE:CMA) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,908 shares of the financial services provider’s stock after selling 360 shares during the period. Yousif Capital Management LLC’s holdings in Comerica were worth $651,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMA. MorganRosel Wealth Management LLC acquired a new position in Comerica in the 1st quarter valued at $33,000. Gen Wealth Partners Inc acquired a new position in Comerica in the 1st quarter valued at $34,000. Geneos Wealth Management Inc. raised its holdings in Comerica by 41.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 176 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Comerica in the 1st quarter valued at $55,000. Finally, MAI Capital Management raised its holdings in Comerica by 32.1% in the 1st quarter. MAI Capital Management now owns 942 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 229 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Comerica news, insider James Mcgregor Carr sold 4,000 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $67.28, for a total value of $269,120.00. Following the sale, the insider owned 33,471 shares in the company, valued at approximately $2,251,928.88. The trade was a 10.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Allysun C. Fleming sold 2,100 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $67.03, for a total value of $140,763.00. Following the completion of the sale, the executive vice president owned 9,424 shares in the company, valued at $631,690.72. This trade represents a 18.22% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CMA shares. Raymond James Financial reaffirmed a “market perform” rating on shares of Comerica in a report on Tuesday, July 8th. UBS Group set a $64.00 price target on Comerica and gave the stock a “neutral” rating in a report on Monday, July 21st. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $93.00 price target (up previously from $73.00) on shares of Comerica in a report on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Comerica in a report on Wednesday, October 8th. Finally, Cowen began coverage on Comerica in a report on Wednesday, September 24th. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $73.65.

Comerica Trading Down 1.0%

Shares of CMA stock opened at $76.63 on Thursday. The firm has a market capitalization of $9.85 billion, a P/E ratio of 14.62 and a beta of 0.96. Comerica Incorporated has a twelve month low of $48.12 and a twelve month high of $83.22. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.77. The stock’s fifty day simple moving average is $71.49 and its 200 day simple moving average is $63.25.

Comerica (NYSE:CMA) last issued its quarterly earnings data on Monday, December 9th. The financial services provider reported $1.53 earnings per share for the quarter. The business had revenue of $824.00 million for the quarter. Comerica had a return on equity of 10.69% and a net margin of 14.91%. As a group, sell-side analysts predict that Comerica Incorporated will post 5.28 EPS for the current fiscal year.

Comerica Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given a dividend of $0.71 per share. The ex-dividend date was Monday, September 15th. This represents a $2.84 dividend on an annualized basis and a yield of 3.7%. Comerica’s payout ratio is currently 54.20%.

Comerica 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.