Comerica Inc. (NYSE:CMA) had its price objective hoisted by Deutsche Bank AG from $45.00 to $52.00 in a research report released on Tuesday morning. Deutsche Bank AG currently has a hold rating on the financial services provider’s stock.

Other analysts also recently issued research reports about the stock. Nomura reiterated a hold rating on shares of Comerica in a research report on Saturday, July 9th. Barclays PLC reiterated a sell rating on shares of Comerica in a research report on Saturday, July 9th. Leerink Swann reiterated a buy rating on shares of Comerica in a research report on Sunday, July 17th. JPMorgan Chase & Co. reduced their price target on shares of Comerica from $47.00 to $43.00 and set a neutral rating for the company in a research report on Thursday, July 7th. Finally, FBR & Co downgraded shares of Comerica from an outperform rating to a market perform rating and set a $50.00 price target for the company. in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the stock. Comerica currently has an average rating of Hold and an average price target of $45.04.

Comerica (NYSE:CMA) traded up 0.33% during trading on Tuesday, reaching $48.80. 373,746 shares of the company’s stock traded hands. The stock has a market cap of $8.49 billion, a P/E ratio of 21.19 and a beta of 1.36. The firm’s 50 day moving average price is $47.04 and its 200-day moving average price is $44.05. Comerica has a one year low of $30.48 and a one year high of $49.75.

Comerica (NYSE:CMA) last released its quarterly earnings results on Tuesday, July 19th. The financial services provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.69 by $0.11. Comerica had a net margin of 14.69% and a return on equity of 6.03%. On average, equities analysts anticipate that Comerica will post $2.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Thursday, September 15th were issued a dividend of $0.23 per share. This is a positive change from Comerica’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Tuesday, September 13th. Comerica’s dividend payout ratio is presently 38.82%.

In other news, insider Paul R. Obermeyer sold 2,302 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $45.92, for a total transaction of $105,707.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CMA. Glenmede Trust Co. NA raised its position in Comerica by 2,289.0% in the first quarter. Glenmede Trust Co. NA now owns 17,392 shares of the financial services provider’s stock valued at $658,000 after buying an additional 16,664 shares during the last quarter. Nisa Investment Advisors L.L.C. raised its position in Comerica by 2.2% in the first quarter. Nisa Investment Advisors L.L.C. now owns 42,555 shares of the financial services provider’s stock valued at $1,612,000 after buying an additional 900 shares during the last quarter. Ngam Advisors L.P. raised its position in Comerica by 2.5% in the first quarter. Ngam Advisors L.P. now owns 33,567 shares of the financial services provider’s stock valued at $1,271,000 after buying an additional 819 shares during the last quarter. Prudential Financial Inc. raised its position in Comerica by 45.3% in the first quarter. Prudential Financial Inc. now owns 404,099 shares of the financial services provider’s stock valued at $15,303,000 after buying an additional 126,000 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in Comerica by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,530,902 shares of the financial services provider’s stock valued at $171,585,000 after buying an additional 35,025 shares during the last quarter. Hedge funds and other institutional investors own 84.59% of the company’s stock.

About Comerica

Comerica Incorporated (Comerica) is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. Comerica has its operations in three business segments: the Business Bank, the Retail Bank and Wealth Management. In addition to the three business segments, it also operates in the Finance segment.

5 Day Chart for NYSE:CMA

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