November 25, 2016 - By whatsonthorold
Yesterday, the Executive Vice President of Comerica Inc, Mr. Judith Love, sold number of shares – 96, totalling $5,972 USD, calculated based on $62.2 for a share. Judith Love presently owns 21,205 shares which are about 0.01% of the Texas-Company’s market cap. This transaction, which was filled on 25-11-2016 was made public in a Form 4 with the Security Exchange Commission.
Out of 23 analysts covering Comerica Inc (NYSE:CMA), 3 rate it a “Buy”, 3 “Sell”, while 17 “Hold”. This means 13% are positive. $56 is the highest target while $34 is the lowest. The $46.30 average target is -25.51% below today’s ($62.16) stock price. Comerica Inc has been the topic of 54 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Wednesday, January 20 by FBR Capital. On Thursday, April 21 the stock rating was upgraded by Bank of America to “Neutral”. The stock of Comerica Incorporated (NYSE:CMA) has “Neutral” rating given on Monday, August 24 by Robert W. Baird. The stock of Comerica Incorporated (NYSE:CMA) earned “Neutral” rating by JP Morgan on Tuesday, October 6. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, July 20 report. The rating was downgraded by Robert W. Baird to “Neutral” on Thursday, November 10. The stock has “Underperform” rating given by Bank of America on Wednesday, June 29. BMO Capital Markets maintained the stock with “Underperform” rating in Monday, October 19 report. JP Morgan maintained the stock with “Neutral” rating in Wednesday, April 20 report. The stock of Comerica Incorporated (NYSE:CMA) earned “Neutral” rating by Piper Jaffray on Monday, December 28.
Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.11, from 1.02 in 2016Q1. The ratio increased, as 31 funds sold all Comerica Incorporated shares owned while 125 reduced positions. 43 funds bought stakes while 116 increased positions. They now own 144.79 million shares or 4.93% less from 152.29 million shares in 2016Q1.
Moreover, Pinebridge Lp has 0.02% invested in Comerica Incorporated (NYSE:CMA) for 8,623 shares. Chemical Bankshares last reported 15,624 shares in the company. Stifel has 77,991 shares for 0.01% of their US portfolio. Ameriprise Fin holds 0% or 128,780 shares in its portfolio. Alliancebernstein Ltd Partnership, a New York-based fund reported 1.89M shares. Ing Groep Nv has 0% invested in the company for 6,163 shares. Ls Invest Advsrs Limited has 0.03% invested in the company for 8,995 shares. Daiwa Secs Gru Inc reported 4,300 shares or 0% of all its holdings. Qcm Cayman has 0.11% invested in the company for 5,938 shares. Creative Planning, a Kansas-based fund reported 1,036 shares. Blackrock has 0.02% invested in the company for 348,850 shares. Piedmont Investment Advisors Limited Company accumulated 3 shares or 0% of the stock. Arizona State Retirement, a Arizona-based fund reported 42,999 shares. Btim Corp, a Massachusetts-based fund reported 204,051 shares. Fil Limited, a Bermuda-based fund reported 98,223 shares.
Insider Transactions: Since August 25, 2016, the stock had 0 buys, and 6 sales for $604,807 net activity. On Friday, November 18 the insider MICHALAK MICHAEL H sold $5,489. On Wednesday, November 2 the insider RITCHIE MICHAEL T sold $120,226. The insider Guilfoile Peter William sold $6,432. $101,425 worth of Comerica Incorporated (NYSE:CMA) shares were sold by Carr Muneera S. Burkhart Megan D sold 4,373 shares worth $265,534. Another trade for 2,302 shares valued at $105,701 was made by OBERMEYER PAUL R on Thursday, August 25.
The stock decreased 0.02% or $0.01 during the last trading session, hitting $62.16. About 466,537 shares traded hands. Comerica Incorporated (NYSE:CMA) has risen 41.23% since April 22, 2016 and is uptrending. It has outperformed by 35.82% the S&P500.
Comerica Incorporated is a financial services company. The company has a market cap of $10.82 billion. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. It has a 25.86 P/E ratio. Comerica has its activities in three business divisions: the Business Bank, the Retail Bank and Wealth Management.
According to Zacks Investment Research, “Comerica Inc. is a registered bank holding company. Its operations made up of three lines of business: Business Bank, Individual Bank and Investment Bank. The Business Bank is comprised of middle market lending, asset-based lending, large corporate banking, treasury management and international financial services. The Individual Bank includes consumer lending, consumer deposit gathering, mortgage loan origination and servicing, small business banking and private banking. The Investment Bank is responsible for the sale of mutual fund and annuity products.”
Analysts await Comerica Incorporated (NYSE:CMA) to report earnings on January, 17. They expect $0.94 earnings per share, up 32.39% or $0.23 from last year’s $0.71 per share. CMA’s profit will be $163.62 million for 16.53 P/E if the $0.94 EPS becomes a reality. After $0.92 actual earnings per share reported by Comerica Incorporated for the previous quarter, Wall Street now forecasts 2.17% EPS growth.
More news for Comerica Incorporated (NYSE:CMA) were recently published by: Prnewswire.com, which released: “Michael E. Collins Appointed to the Comerica Incorporated Board of Directors” on November 08, 2016. Nasdaq.com‘s article titled: “Why Comerica (CMA) Is an Attractive Pick Right Now” and published on November 25, 2016 is yet another important article.
Comerica Incorporated (Comerica), incorporated on November 13, 1972, is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. Comerica has its activities in three business divisions: the Business Bank, the Retail Bank and Wealth Management. In addition to the three business divisions, it also operates in the Finance segment. The Firm offers a range of loans, which include commercial loans, real estate construction loans, commercial mortgage loans, lease financing, international loans, residential mortgage loans and consumer loans. Comerica owns directly or indirectly over two active banking and over 40 non-banking subsidiaries. Comerica has total deposits of approximately $59.9 billion and total loans of approximately $49.1 billion. Comerica operates in three geographic markets, which include Texas, California, and Michigan, as well as in Arizona and Florida, with select businesses operating in several other states, and in Canada and Mexico.
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