1 week Ago By ABMN Staff
StockNews.com cut shares of Comerica ( NYSE:CMA – Free Report ) from a hold rating to a sell rating in a report issued on Friday morning. Other analysts have also recently issued research reports about the company.
The Goldman Sachs Group reduced their price target on Comerica from $69.00 to $62.00 and set a buy rating for the company in a research report on Tuesday, June 4th.
Evercore ISI reduced their price target on Comerica from $58.00 to $54.00 and set an in-line rating for the company in a research report on Tuesday, June 25th.
Wells Fargo & Company reduced their price target on Comerica from $48.00 to $45.00 and set an underweight rating for the company in a research report on Wednesday, June 12th.
Stephens restated an overweight rating and issued a $64.00 price target on shares of Comerica in a research report on Tuesday, June 11th. Finally, Barclays reduced their price target on Comerica from $59.
00 to $56.00 and set an underweight rating for the company in a research report on Monday, July 22nd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock.
Based on data from MarketBeat.com, Comerica currently has a consensus rating of Hold and a consensus target price of $56.05.
Check Out Our Latest Analysis on Comerica Comerica Trading Down 0.3 % Comerica ( NYSE:CMA – Get Free Report ) last posted its quarterly earnings data on Friday, July 19th. The financial services provider reported $1.
49 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.30.
The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $812.79 million.
Comerica had a return on equity of 15.01% and a net margin of 12.15%.
During the same quarter in the prior year, the business earned $2.01 earnings per share. Sell-side analysts expect that Comerica will post 5.
05 earnings per share for the current year. Comerica Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a dividend of $0.
71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 5.
18%. The ex-dividend date is Friday, September 13th. Comerica’s payout ratio is currently 56.
46%. Insider Activity at Comerica In other Comerica news, EVP Christine M. Moore sold 2,545 shares of Comerica stock in a transaction on Friday, August 23rd.
The stock was sold at an average price of $57.51, for a total transaction of $146,362.95.
Following the completion of the sale, the executive vice president now directly owns 27,910 shares of the company’s stock, valued at approximately $1,605,104.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website .
0.19% of the stock is owned by company insiders. Institutional Investors Weigh In On Comerica A number of institutional investors and hedge funds have recently bought and sold shares of CMA.
Price T Rowe Associates Inc. MD raised its position in Comerica by 105.3% during the 1st quarter.
Price T Rowe Associates Inc. MD now owns 182,402 shares of the financial services provider’s stock valued at $10,031,000 after purchasing an additional 3,595,036 shares in the last quarter. Norges Bank bought a new stake in Comerica during the 4th quarter valued at $80,691,000.
Dimensional Fund Advisors LP raised its position in Comerica by 51.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,045,656 shares of the financial services provider’s stock valued at $206,468,000 after purchasing an additional 1,370,886 shares in the last quarter.
Azora Capital LP bought a new stake in Comerica during the 4th quarter valued at $63,548,000. Finally, Goldman Sachs Group Inc. raised its position in Comerica by 51.
4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,564,217 shares of the financial services provider’s stock valued at $143,109,000 after purchasing an additional 870,812 shares in the last quarter.
80.74% of the stock is owned by institutional investors. About Comerica ( Get Free Report ) Comerica Incorporated, through its subsidiaries, provides various financial products and services.
The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities. Further Reading Receive News & Ratings for Comerica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comerica and related companies with MarketBeat.
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