Comerica INC (CMA) Shareholder Maltese Capital Management LLC Increased Stake by $26.23 Million as Shares Rose

April 17, 2018 - By Benjamin Allen

Comerica Incorporated (NYSE:CMA) Corporate LogoBig Money Sentiment decreased to 1 in Q4 2017. It has change of 0.06, from 2017Q3’s 1.06. The ratio is negative due to CMA positioning: 38 sold and 167 reduced. 69 funds bought holdings and 135 increased holdings. Investors holded 139.79 million in 2017Q3 but now own 139.03 million shares or 0.55% less. Lpl Financial Lc owns 29,822 shs for 0.01% of their capital. Liberty Cap Mgmt owns 11,084 shs. Georgia-based Invesco Limited has invested 0.14% in Comerica Incorporated (NYSE:CMA). The Netherlands-based Ing Groep Nv has invested 0.02% in Comerica Incorporated (NYSE:CMA). Adage Cap Gru Ltd Company, Massachusetts-based fund reported 520,146 shs. Meiji Yasuda Asset Limited holds 0.05% or 6,072 shs in its capital. American Registered Invest Advisor has 5,000 shs for 0.21% of their capital. Symphony Asset Mgmt Ltd Limited Liability Company invested in 30,495 shs or 0.27% of the stock. Qci Asset Management Inc New York has invested 0% in Comerica Incorporated (NYSE:CMA). Laffer Invs stated it has 0.5% in Comerica Incorporated (NYSE:CMA). State Board Of Administration Of Florida Retirement Sys invested in 286,066 shs or 0.07% of the stock. Tcw Gp Incorporated holds 0.03% in Comerica Incorporated (NYSE:CMA) or 40,957 shs. Rmb Cap Limited Liability Corporation invested 0% in Comerica Incorporated (NYSE:CMA). Amp Capital Invsts holds 0.08% or 163,218 shs. Wealthfront has 0.01% invested in Comerica Incorporated (NYSE:CMA) for 13,928 shs.

CMA registered $26.49 million net activity with 0 insider buys and 12 sales since January 18, 2018. $1.81 million worth of stock was sold by FARMER CURTIS C on Saturday, January 27. 4,670 shs were sold by Burkhart Megan D, worth $463,258 on Tuesday, February 27. BABB RALPH W JR also sold $6.37M worth of Comerica Incorporated (NYSE:CMA) shs. Buchanan John D had sold 2,571 shs worth $243,919. On Monday, February 26 $230,560 worth of stock was sold by Carr Muneera S. On Saturday, January 27 Duprey David E sold $1.08 million worth of Comerica Incorporated (NYSE:CMA).

Maltese Capital Management Llc increased its holdings by 1220.14% in Comerica Inc (CMA), according to 2017Q4 Securities and Exchange form. The company’s stock popped up 7.62% while Maltese Capital Management Llc bought 305,035 shares. At the end of 2017Q4, the 330,035 shares of the major banks company held by the institutional investor were priced at $28.65M, up from 25,000 at the end of the previous reported quarter. $16.59B is Comerica Inc’s MC. The stock increased 0.04% or $0.04 during the last trading session, reaching $96.11.Comerica Incorporated has 2.13M shares volume, 38.33% up from normal. CMA is uptrending and has moved 41.51% since April 17, 2017. CMA outperformed the S&P500 by 29.96%.

About $1.71 billion and $1.33B US Long portfolio the Maltese Capital Management Llc operates. According to a filing the fund reduced its stake in Century Bancorp Inc Mass (NASDAQ:CNBKA) by 64,173 shares to 95,827 shares, valued at $7.50M in 2017Q4. Maltese Capital Management Llc has cut its stake in Fifth Third Bancorp (NASDAQ:FITB) and also reduced its holding in State Bk Finl Corp (NASDAQ:STBZ) by 304,916 shares in the quarter, for a total of 151,800 shares.

Comerica Incorporated (NYSE:CMA) Ratings Coverage

In total 24 analysts cover Comerica Inc (NYSE:CMA). “Buy” rating has 13, “Sell” are 1, while 10 are “Hold”. 54% are bullish. With $116.0 highest and $81.0 lowest [Target] Comerica Inc has $100.70 average [Target] or 4.78% above the current ($96.11) price. 44 are the (NYSE:CMA)’s analyst reports since October 18, 2017 according to StockzIntelligence Inc. On Tuesday, March 27 the company was maintained by FBR Capital. The stock rating was maintained by Susquehanna with “Hold” on Tuesday, April 10. On Tuesday, January 16 the rating was maintained by Piper Jaffray with “Buy”. In Tuesday, January 16 report RBC Capital Markets maintained it with “Buy” rating and $103.0 target. On Tuesday, January 16 SunTrust maintained the shares of CMA in report with “Hold” rating. On Wednesday, January 17 the firm has “Hold” rating by Bernstein given. In Tuesday, January 16 report Robert W. Baird maintained the stock with “Hold” rating. The company rating was maintained by FBR Capital on Monday, December 4. On Thursday, December 21 the firm has “Buy” rating by Keefe Bruyette & Woods given. On Tuesday, January 16 the stock of Comerica Incorporated (NYSE:CMA) earned “Buy” rating by Keefe Bruyette & Woods.

Comerica Incorporated (NYSE:CMA) Institutional Investors Chart

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