Roosevelt Investment Group Inc. trimmed its holdings in shares of Comerica Incorporated (NYSE:CMA) by 52.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,306 shares of the financial services provider’s stock after selling 2,593 shares during the quarter. Roosevelt Investment Group Inc.’s holdings in Comerica were worth $200,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Toronto Dominion Bank raised its stake in shares of Comerica by 11.4% during the 3rd quarter. Toronto Dominion Bank now owns 66,770 shares of the financial services provider’s stock worth $5,092,000 after buying an additional 6,843 shares during the period. APG Asset Management N.V. raised its stake in shares of Comerica by 23.4% during the 3rd quarter. APG Asset Management N.V. now owns 93,210 shares of the financial services provider’s stock worth $7,108,000 after buying an additional 17,700 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Comerica by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 996,123 shares of the financial services provider’s stock worth $75,956,000 after buying an additional 31,136 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Comerica by 30.1% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 35,236 shares of the financial services provider’s stock worth $3,049,000 after buying an additional 8,154 shares during the period. Finally, Old Mutual Global Investors UK Ltd. acquired a new position in shares of Comerica during the 3rd quarter worth approximately $35,346,000. 82.91% of the stock is owned by institutional investors and hedge funds.

In other Comerica news, CEO Ralph W. Babb, Jr. sold 61,500 shares of the firm’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $94.02, for a total value of $5,782,230.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter William Guilfoile sold 1,052 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $97.00, for a total value of $102,044.00. The disclosure for this sale can be found here. Insiders sold a total of 211,015 shares of company stock valued at $20,194,360 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

CMA has been the subject of several research analyst reports. Zacks Investment Research raised Comerica from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Monday, December 11th. Piper Jaffray Companies raised Comerica to a “buy” rating and set a $98.00 target price for the company in a research note on Friday, December 8th. B. Riley reaffirmed a “buy” rating and set a $84.00 target price on shares of Comerica in a research note on Monday, December 4th. FBR & Co reaffirmed a “buy” rating and set a $84.00 target price (up from $79.00) on shares of Comerica in a research note on Tuesday, October 17th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $101.00 target price on shares of Comerica in a research note on Friday, December 22nd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Comerica currently has a consensus rating of “Hold” and a consensus price target of $92.37.

Comerica Incorporated (NYSE:CMA) opened at $93.30 on Tuesday. Comerica Incorporated has a 52 week low of $64.04 and a 52 week high of $98.18. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $15,848.53, a price-to-earnings ratio of 22.59, a P/E/G ratio of 1.40 and a beta of 1.47.

Comerica (NYSE:CMA) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.03. Comerica had a return on equity of 10.94% and a net margin of 22.47%. The firm had revenue of $830.00 million during the quarter, compared to the consensus estimate of $819.30 million. During the same period in the prior year, the company earned $0.92 EPS. equities analysts predict that Comerica Incorporated will post 6.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Thursday, March 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Wednesday, March 14th. Comerica’s dividend payout ratio (DPR) is presently 29.06%.

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About Comerica

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.

Institutional Ownership by Quarter for Comerica (NYSE:CMA)

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