Comerica Inc. (NYSE:CMA) EVP Megan D. Burkhart sold 4,373 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $60.72, for a total value of $265,528.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Comerica Inc. (NYSE:CMA) traded up 0.75% during mid-day trading on Wednesday, reaching $62.01. The company had a trading volume of 324,066 shares. Comerica Inc. has a 1-year low of $30.48 and a 1-year high of $62.44. The firm has a 50-day moving average of $52.84 and a 200 day moving average of $46.85. The company has a market capitalization of $10.68 billion, a PE ratio of 25.85 and a beta of 1.35.

Comerica (NYSE:CMA) last posted its earnings results on Tuesday, October 18th. The financial services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.10. Comerica had a return on equity of 6.36% and a net margin of 14.97%. During the same period in the prior year, the business earned $0.74 EPS. On average, analysts predict that Comerica Inc. will post $2.60 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Thursday, December 15th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Tuesday, December 13th. Comerica’s dividend payout ratio is 37.25%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Comerica by 2.2% in the second quarter. Vanguard Group Inc. now owns 15,324,597 shares of the financial services provider’s stock worth $630,300,000 after buying an additional 332,956 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Comerica by 2.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,529,890 shares of the financial services provider’s stock worth $214,354,000 after buying an additional 92,039 shares in the last quarter. American Century Companies Inc. increased its position in Comerica by 4.8% in the second quarter. American Century Companies Inc. now owns 3,883,718 shares of the financial services provider’s stock worth $159,737,000 after buying an additional 176,177 shares in the last quarter. BlackRock Fund Advisors increased its position in Comerica by 4.1% in the third quarter. BlackRock Fund Advisors now owns 3,024,167 shares of the financial services provider’s stock worth $143,104,000 after buying an additional 119,729 shares in the last quarter. Finally, King Luther Capital Management Corp increased its position in Comerica by 2.9% in the second quarter. King Luther Capital Management Corp now owns 2,958,629 shares of the financial services provider’s stock worth $121,688,000 after buying an additional 83,150 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors.

CMA has been the topic of several recent analyst reports. Robert W. Baird cut Comerica from an “outperform” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research note on Thursday, November 10th. Jefferies Group restated a “hold” rating and set a $56.00 price objective (up from $53.00) on shares of Comerica in a research note on Friday, October 21st. Goldman Sachs Group Inc. upgraded Comerica from a “neutral” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Friday, September 16th. FBR & Co cut Comerica from an “outperform” rating to a “market perform” rating and set a $50.00 price objective on the stock. in a research note on Tuesday, October 11th. Finally, raised their price objective on Comerica from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Tuesday, September 6th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $46.39.

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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.

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