November 25, 2016 - By whatsonthorold
The Executive Vice President of Comerica Inc, Paul Obermeyer has made a surprising transaction in the Pinksheet-listed company that is having a total value $12,267 U.S Dollars. According to the SEC report filed on November 25, 2016, Paul sold 198 shares at an average price-per-share of $62.0. Now, Paul Obermeyer owns 39,097 shares which make up roughly 0.02% of Comerica Inc’s market cap.
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. As per Monday, December 28, the company rating was maintained by Piper Jaffray. The company was downgraded on Wednesday, April 20 by Stephens. The stock of Comerica Incorporated (NYSE:CMA) has “Neutral” rating given on Wednesday, July 20 by Compass Point. The firm has “Outperform” rating given on Thursday, January 7 by Robert W. Baird. Citigroup maintained the shares of CMA in a report on Wednesday, July 20 with “Neutral” rating. The firm earned “Neutral” rating on Thursday, May 19 by Goldman Sachs. As per Tuesday, October 11, the company rating was downgraded by FBR Capital. The firm earned “Underweight” rating on Wednesday, April 20 by Barclays Capital. The company was maintained on Wednesday, October 19 by FBR Capital. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, July 20 report.
Insitutional Activity: The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.11, from 1.02 in 2016Q1. The ratio is positive, 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.
Advantus Incorporated reported 16,929 shares or 0.02% of all its holdings. Centurylink Mgmt Communication holds 16,979 shares or 0.25% of its portfolio. Great West Life Assurance Can holds 0.02% of its portfolio in Comerica Incorporated (NYSE:CMA) for 120,605 shares. Mizuho Co Limited accumulated 292,133 shares or 0.04% of the stock. Meeder Asset Incorporated accumulated 39,193 shares or 0.15% of the stock. Point72 Asia (Hong Kong) has invested 0% of its portfolio in Comerica Incorporated (NYSE:CMA). California State Teachers Retirement Systems, a California-based fund reported 380,041 shares. Sandy Spring Bankshares last reported 0% of its portfolio in the stock. Exxonmobil Inv Management Tx, a Texas-based fund reported 45,333 shares. Nomura Asset Mgmt Co Limited accumulated 22,737 shares or 0.02% of the stock. Maltese Mgmt Ltd reported 486,900 shares or 2.5% of all its holdings. Aperio Grp Ltd Llc has 153,873 shares for 0.05% of their US portfolio. Teachers Advsr Inc, a New York-based fund reported 1.65M shares. Moreover, Hudson Bay Cap Mngmt L P has 0.25% invested in Comerica Incorporated (NYSE:CMA) for 200,000 shares. Gateway Inv Advisers Ltd Liability last reported 49,691 shares in the company.
Insider Transactions: Since August 25, 2016, the stock had 0 insider purchases, and 6 sales for $604,807 net activity. $101,425 worth of Comerica Incorporated (NYSE:CMA) was sold by Carr Muneera S. OBERMEYER PAUL R sold $105,701 worth of stock or 2,302 shares. MICHALAK MICHAEL H sold $5,489 worth of stock. $265,534 worth of Comerica Incorporated (NYSE:CMA) was sold by Burkhart Megan D on Friday, November 18. Shares for $120,226 were sold by RITCHIE MICHAEL T. 106 shares were sold by Guilfoile Peter William, worth $6,432 on Friday, November 18.
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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