Insider Selling: Comerica Incorporated (CMA) EVP Sells 3,000 Shares of Stock

Comerica Incorporated (NYSE:CMA) EVP Megan D. Burkhart sold 3,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $94.80, for a total value of $284,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Comerica Incorporated (NYSE:CMA) traded down $0.66 during mid-day trading on Monday, reaching $95.15. The company’s stock had a trading volume of 888,048 shares, compared to its average volume of 1,571,424. The stock has a market capitalization of $16,560.00, a P/E ratio of 23.13, a P/E/G ratio of 1.47 and a beta of 1.50. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.58. Comerica Incorporated has a 52 week low of $64.04 and a 52 week high of $96.53.

Comerica (NYSE:CMA) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.03. The company had revenue of $830.00 million for the quarter, compared to the consensus estimate of $819.30 million. Comerica had a return on equity of 10.94% and a net margin of 22.47%. During the same quarter in the prior year, the business posted $0.92 earnings per share. equities research analysts anticipate that Comerica Incorporated will post 6.53 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.26%. Comerica’s payout ratio is currently 28.99%.

Several institutional investors have recently made changes to their positions in CMA. PNC Financial Services Group Inc. raised its holdings in shares of Comerica by 5.1% during the second quarter. PNC Financial Services Group Inc. now owns 24,841 shares of the financial services provider’s stock valued at $1,821,000 after acquiring an additional 1,204 shares during the last quarter. ETRADE Capital Management LLC acquired a new position in shares of Comerica during the second quarter valued at approximately $268,000. M&T Bank Corp raised its holdings in shares of Comerica by 18.9% during the second quarter. M&T Bank Corp now owns 12,278 shares of the financial services provider’s stock valued at $899,000 after acquiring an additional 1,954 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Comerica during the second quarter valued at approximately $308,000. Finally, Stifel Financial Corp raised its holdings in shares of Comerica by 9.0% during the second quarter. Stifel Financial Corp now owns 66,256 shares of the financial services provider’s stock valued at $4,848,000 after acquiring an additional 5,447 shares during the last quarter. 82.27% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently commented on the company. Royal Bank of Canada restated a “buy” rating and issued a $103.00 target price on shares of Comerica in a research note on Wednesday, January 17th. Wedbush upped their target price on Comerica from $91.00 to $97.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. SunTrust Banks upped their target price on Comerica to $98.00 and gave the stock a “hold” rating in a research note on Wednesday, January 17th. BMO Capital Markets upped their target price on Comerica from $6.90 to $111.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 17th. Finally, Sanford C. Bernstein set a $99.00 target price on Comerica and gave the stock a “hold” rating in a research note on Wednesday, January 17th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $92.37.

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Comerica Company Profile

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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