Horizon Investment Services LLC Increased Its Stake in Comerica INC (CMA) as Shares Rose

April 20, 2018 - By Jane Lemasters

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 positions and 135 increased positions. Investors holded 139.79 million in 2017Q3 but now own 139.03 million shares or 0.55% less. Roosevelt Invest Grp invested in 0.02% or 2,306 shs. Alpine Woods Cap Invsts Ltd Liability Corporation has 0.09% invested in Comerica Incorporated (NYSE:CMA) for 20,962 shs. Adage Partners Group Ltd Llc invested 0.1% of its capital in Comerica Incorporated (NYSE:CMA). San Francisco Sentry Investment Grp Incorporated (Ca) stated it has 221 shs. Hartford Investment Co reported 39,393 shs or 0.06% of all its holdings. Westpac Bk Corporation holds 10,112 shs or 0.02% of its capital. The Oklahoma-based Prescott Gp Inc Management Lc has invested 0.07% in Comerica Incorporated (NYSE:CMA). Credit Suisse Ag, a Switzerland-based fund reported 233,474 shs. Veritable Limited Partnership holds 0.02% in Comerica Incorporated (NYSE:CMA) or 9,773 shs. Smithfield Trust holds 0.03% or 2,531 shs. Old Second Retail Bank Of Aurora, a Illinois-based fund reported 2,550 shs. Meiji Yasuda Life reported 0.06% in Comerica Incorporated (NYSE:CMA). Schwab Charles Invest holds 588,130 shs. Macquarie Grp Inc Limited owns 394,189 shs for 0.06% of their capital. Cookson Peirce And Co holds 270,019 shs or 2.19% of its capital.

CMA registered $26.49 million net activity with 0 insider purchases and 12 sales since January 18, 2018. 1,052 Comerica Incorporated (NYSE:CMA) shs with value of $102,044 were sold by Guilfoile Peter William. BABB RALPH W JR had sold 50,000 shs worth $4.76 million. On Thursday, January 25 Burkhart Megan D sold $284,412 worth of Comerica Incorporated (NYSE:CMA). On Friday, January 26 Buchanan John D sold $243,919 worth of Comerica Incorporated (NYSE:CMA) or 2,571 shs. On Monday, February 26 $397,808 worth of stock was sold by RITCHIE MICHAEL T. FARMER CURTIS C sold 18,870 shs worth $1.81M.

Based on the latest 2017Q4 regulatory filing with the SEC, Horizon Investment Services Llc upped its holdings in Comerica Inc (CMA) by 344.41%. The company’s stock rose 7.62% while stock markets declined as Horizon Investment Services Llc bought 46,667 shares. At the end of 2017Q4, the 60,217 shares of the major banks company held by the institutional investor were valued at $5.23M, up from 13,550 at the end of the previous reported quarter. Horizon Investment Services Llc has cut its stake in and also reduced its holding in by shares in the quarter, for a total of shares.

Comerica Incorporated (NYSE:CMA) Ratings Coverage

A total of 23 analysts rate Comerica (NYSE:CMA) as follows: 13 “Buy”, 9 “Hold” and 1 “Sell”. Тherefore 57% are bullish. The firm has $116.0 highest and $82.0 lowest target. The avg target $101.64 is 6.94% above the last ($95.04) price. (NYSE:CMA) has 43 ratings reports on 20 Apr 2018 according to StockzIntelligence. On Monday, February 26 the firm earned “Buy” rating by Keefe Bruyette & Woods. In Tuesday, January 16 report Jefferies maintained it with “Buy” rating and $103.0 target. On Thursday, January 4 the stock of Comerica Incorporated (NYSE:CMA) earned “Hold” rating by Susquehanna. On Monday, October 23 the stock of Comerica Incorporated (NYSE:CMA) earned “Neutral” rating by Nomura. On Friday, November 17 Macquarie Research upgraded Comerica Incorporated (NYSE:CMA) to “Outperform” rating. On Friday, December 8 the stock of Comerica Incorporated (NYSE:CMA) earned “Buy” rating by Piper Jaffray. On Wednesday, April 4 the firm has “Buy” rating given by Keefe Bruyette & Woods. On Tuesday, November 28 the stock of Comerica Incorporated (NYSE:CMA) earned “Hold” rating by SunTrust. On Tuesday, January 16 Keefe Bruyette & Woods maintained Comerica Incorporated (NYSE:CMA) rating. Keefe Bruyette & Woods has “Buy” rating and $104.0 target. On Monday, December 4 the stock of Comerica Incorporated (NYSE:CMA) earned “Buy” rating by FBR Capital.

Comerica Incorporated (NYSE:CMA) Institutional Investors Chart

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