Comerica Incorporated (NYSE:CMA) EVP Christine M. Moore sold 3,200 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $75.07, for a total transaction of $240,224.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Comerica Incorporated (NYSE:CMA) traded up $2.01 during mid-day trading on Tuesday, hitting $76.94. The company had a trading volume of 2,256,300 shares, compared to its average volume of 1,702,870. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $13,031.45, a P/E ratio of 16.91, a P/E/G ratio of 1.71 and a beta of 1.50. Comerica Incorporated has a 12-month low of $57.93 and a 12-month high of $80.25.

Comerica (NYSE:CMA) last released its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.03. The firm had revenue of $821.00 million during the quarter, compared to the consensus estimate of $812.83 million. Comerica had a return on equity of 10.35% and a net margin of 24.87%. During the same period in the previous year, the company posted $0.84 earnings per share. analysts predict that Comerica Incorporated will post 4.86 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.56%. Comerica’s payout ratio is currently 27.15%.

Comerica announced that its board has authorized a stock repurchase plan on Tuesday, July 25th that permits the company to repurchase 5,000,000 shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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Several equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of Comerica from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Deutsche Bank AG lifted their price objective on shares of Comerica from $80.00 to $82.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Zacks Investment Research lowered shares of Comerica from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Wells Fargo & Company started coverage on shares of Comerica in a research note on Wednesday, August 9th. They set a “market perform” rating and a $73.00 price objective for the company. Finally, Nomura lifted their price objective on shares of Comerica from $71.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $78.00.

Several hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC raised its holdings in Comerica by 12,425.0% in the second quarter. Janus Henderson Group PLC now owns 2,064,363 shares of the financial services provider’s stock worth $151,194,000 after purchasing an additional 2,047,881 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Comerica by 33.4% in the third quarter. JPMorgan Chase & Co. now owns 6,721,807 shares of the financial services provider’s stock worth $507,632,000 after purchasing an additional 1,681,640 shares in the last quarter. Vanguard Group Inc. raised its holdings in Comerica by 6.7% in the second quarter. Vanguard Group Inc. now owns 18,161,488 shares of the financial services provider’s stock worth $1,330,147,000 after purchasing an additional 1,142,275 shares in the last quarter. State Street Corp raised its holdings in Comerica by 11.3% in the second quarter. State Street Corp now owns 9,990,021 shares of the financial services provider’s stock worth $731,672,000 after purchasing an additional 1,010,965 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in Comerica by 132.7% in the second quarter. Voya Investment Management LLC now owns 1,692,458 shares of the financial services provider’s stock worth $123,956,000 after purchasing an additional 965,041 shares in the last quarter. Hedge funds and other institutional investors own 82.34% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Comerica (NYSE:CMA)

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