Comerica EVP Jon W. Bilstrom Sells 2,416 Shares (CMA)
Comerica (NYSE:CMA) EVP Jon W. Bilstrom sold 2,416 shares of the company’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $47.70, for a total value of $115,243.20. Following the transaction, the executive vice president now directly owns 85,907 shares of the company’s stock, valued at approximately $4,097,764. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Comerica in a research note on Tuesday. They now have a $51.00 price target on the stock. Separately, analysts at Sterne Agee initiated coverage on shares of Comerica in a research note on Friday. They set a “buy” rating on the stock. Finally, analysts at Nomura initiated coverage on shares of Comerica in a research note on Wednesday, May 14th. They set a “reduce” rating and a $40.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. Comerica has an average rating of “Hold” and a consensus target price of $46.36.
Comerica (NYSE:CMA) traded up 0.81% on Tuesday, hitting $48.49. The stock had a trading volume of 524,558 shares. Comerica has a 52-week low of $37.00 and a 52-week high of $53.50. The stock has a 50-day moving average of $47.65 and a 200-day moving average of $47.64. The company has a market cap of $8.809 billion and a P/E ratio of 16.70.
Comerica (NYSE:CMA) last released its earnings data on Tuesday, April 15th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. During the same quarter in the previous year, the company posted $0.70 earnings per share. Analysts expect that Comerica will post $3.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, June 11th. This is a boost from Comerica’s previous quarterly dividend of $0.19.
Comerica Incorporated (NYSE:CMA) is a financial services company.
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