Economy

Keybank National Association OH Buys 32287 Shares of Comerica Incorporated (CMA)

Analysts have given a mean recommendation of 2.70 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Royal Bank of Canada now owns 709,176 shares of the financial services provider's stock worth $26,857,000 after buying an additional 583,321 shares during the period. After a recent check, it is observed that the insiders for the firm now own 0.20% shares. It also reduced Tjx Cos Inc New (NYSE:TJX) stake by 221,914 shares and now owns 476,323 shares. Pacad Investment Ltd. purchased a new position in Comerica in the second quarter worth about $1,147,000. Chicago Equity Partners LLC grew its position in Comerica by 25.0% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 2,315 shares of the financial services provider's stock worth $169,000 after purchasing an additional 8 shares during the period.

Hbk Investments LP increased Comerica Inc (CMA) stake by 52.95% reported in 2017Q2 SEC filing. TX boosted its position in Comerica by 6.5% in the second quarter. Capstone Asset Management Co. boosted its position in Comerica by 3.1% in the second quarter. Kbc Group Inc Nv has 0.08% invested in Comerica Incorporated (NYSE:CMA) for 113,529 shares. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and global copyright & trademark laws.

It will be interesting to see how Comerica Incorporated does in the future, and for investors alike.

CMA has been the subject of several research analyst reports. Zacks Investment Research downgraded Comerica from a "buy" rating to a "hold" rating in a report on Wednesday, August 23rd. Piper Jaffray Companies reissued a "hold" rating and issued a $76.00 price objective on shares of Comerica in a research note on Friday, September 1st. The stock of Comerica Incorporated (NYSE:CMA) has "Hold" rating given on Monday, November 14 by Sandler O'Neill. FBR & Co set a $79.00 target price on shares of Comerica and gave the company a "buy" rating in a report on Tuesday, July 18th. BidaskClub downgraded Comerica from a "buy" rating to a "hold" rating in a report on Tuesday, July 25th. Also, the Hold rating count is 2, as of 06 Nov 2017. Comerica has a consensus rating of "Hold" and a consensus price target of $77.60.

Comerica Incorporated (NYSE:CMA) on November 8, 2017 saw a significant decline, closing the day at $77.16, or a decline of $1.02 or (1.32%).Volume levels spiked and CMA actually managed a breakout which translated to 1.98 million shares changing hands on the day. 237,718 shares of the stock were exchanged, compared to its average volume of 1,567,798.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $13.19B. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.58. Looking at the stock's movement on the chart, Comerica Incorporated recorded a 52-week high of $80.25.

Comerica (NYSE:CMA) last issued its quarterly earnings results on Tuesday, October 17th. The business had revenue of $821.00 million for the quarter, compared to the consensus estimate of $812.83 million. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.74 by $0.10. The ex-dividend date is Tuesday, December 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.41%. Comerica's dividend payout ratio (DPR) is 37.25%. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

In related news, insider Peter William Guilfoile sold 2,928 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $69.50, for a total value of $203,496.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Judith S. Love sold 21,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 22nd.

Driving interest in Comerica Incorporated (CMA) is a number of factors, including perhaps, a steady increase of the profile of the company as insider activity takes center stage.



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