哈特福德投資管理公司出售Comerica Inc.(紐約證券交易所代碼：CMA)947股

Hartford Investment Management Co. decreased its position in Comerica Incorporated (NYSE:CMA – Get Rating) by 7.0% during the 1st quarter, HoldingsChannel reports. The fund owned 12,646 shares of the financial services provider's stock after selling 947 shares during the quarter. Hartford Investment Management Co.'s holdings in Comerica were worth $1,144,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMA. Concord Wealth Partners lifted its stake in Comerica by 191.8% in the 4th quarter. Concord Wealth Partners now owns 286 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 188 shares in the last quarter. Hexagon Capital Partners LLC bought a new stake in shares of Comerica during the 4th quarter worth approximately $35,000. Rather & Kittrell Inc. bought a new stake in shares of Comerica during the 4th quarter worth approximately $42,000. Arlington Partners LLC bought a new stake in shares of Comerica during the 4th quarter worth approximately $48,000. Finally, Global Retirement Partners LLC raised its stake in shares of Comerica by 79.8% during the 4th quarter. Global Retirement Partners LLC now owns 577 shares of the financial services provider's stock worth $50,000 after purchasing an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 80.14% of the company's stock.

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CMA has been the topic of a number of analyst reports. Piper Sandler upgraded Comerica from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $90.00 to $94.00 in a research note on Monday, May 2nd. TheStreet cut Comerica from a "b" rating to a "c+" rating in a research note on Friday, May 13th. Raymond James cut Comerica from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 21st. Citigroup began coverage on Comerica in a research note on Thursday, March 24th. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group dropped their price target on Comerica from $104.00 to $93.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 31st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $98.40.

CMA stock opened at $74.28 on Tuesday. The firm has a 50-day moving average price of $78.30 and a 200-day moving average price of $87.34. Comerica Incorporated has a 12 month low of $63.07 and a 12 month high of $102.09. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $9.71 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 1.57 and a beta of 1.33.

Comerica (NYSE:CMA – Get Rating) last released its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.01). The company had revenue of $700.00 million for the quarter, compared to analyst estimates of $725.36 million. Comerica had a return on equity of 13.85% and a net margin of 33.48%. During the same quarter in the prior year, the company earned $2.43 earnings per share. As a group, equities analysts predict that Comerica Incorporated will post 7.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Wednesday, June 15th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Tuesday, June 14th. Comerica's dividend payout ratio is 37.52%.

About Comerica (Get Rating)

Comerica Incorporated, through its subsidiaries, provides various financial products and services. It 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, 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.

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