Comerica Incorporated (NYSE:CMA) CEO Ralph W. Babb, Jr. sold 61,500 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $94.02, for a total transaction of $5,782,230.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Comerica Incorporated (NYSE CMA) traded up $0.22 during trading on Monday, reaching $95.21. 1,858,081 shares of the company were exchanged, compared to its average volume of 1,661,356. The company has a market cap of $16,560.00, a PE ratio of 23.00, a price-to-earnings-growth ratio of 1.46 and a beta of 1.50. Comerica Incorporated has a 52 week low of $64.04 and a 52 week high of $95.60. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.58.

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

The company also recently declared a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Friday, December 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Thursday, December 14th. Comerica’s payout ratio is 28.99%.

A number of brokerages have issued reports on CMA. Vining Sparks reissued a “buy” rating and set a $97.50 price objective on shares of Comerica in a research report on Tuesday, January 16th. Robert W. Baird reissued a “hold” rating and set a $95.00 price objective on shares of Comerica in a research report on Wednesday, January 17th. DA Davidson reissued a “hold” rating and set a $100.00 price objective on shares of Comerica in a research report on Wednesday, January 17th. Sanford C. Bernstein set a $99.00 target price on shares of Comerica and gave the company a “hold” rating in a report on Wednesday, January 17th. Finally, BMO Capital Markets boosted their target price on shares of Comerica from $6.90 to $111.00 and gave the company a “market perform” rating in a report on Wednesday, January 17th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Comerica has an average rating of “Hold” and an average target price of $92.37.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Comerica by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 18,161,488 shares of the financial services provider’s stock worth $1,330,147,000 after purchasing an additional 1,142,275 shares in the last quarter. State Street Corp boosted its stake in Comerica by 11.3% in the 2nd quarter. State Street Corp now owns 9,990,021 shares of the financial services provider’s stock worth $731,672,000 after purchasing an additional 1,010,965 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Comerica by 33.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,721,807 shares of the financial services provider’s stock worth $507,632,000 after purchasing an additional 1,681,640 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Comerica by 12,425.0% in the 2nd quarter. Janus Henderson Group PLC now owns 2,064,363 shares of the financial services provider’s stock worth $151,194,000 after purchasing an additional 2,047,881 shares in the last quarter. Finally, Balyasny Asset Management LLC boosted its stake in Comerica by 6.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,939,574 shares of the financial services provider’s stock worth $142,054,000 after purchasing an additional 111,428 shares in the last quarter. Institutional investors own 81.96% of the company’s stock.

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About Comerica

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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