Comerica Incorporated (NYSE:CMA) CEO Ralph W. Babb, Jr. sold 65,300 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $97.61, for a total transaction of $6,373,933.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ralph W. Babb, Jr. also recently made the following trade(s):

  • On Wednesday, January 24th, Ralph W. Babb, Jr. sold 50,000 shares of Comerica stock. The shares were sold at an average price of $95.25, for a total transaction of $4,762,500.00.
  • On Thursday, January 18th, Ralph W. Babb, Jr. sold 61,500 shares of Comerica stock. The shares were sold at an average price of $94.02, for a total transaction of $5,782,230.00.

Comerica Incorporated (NYSE CMA) opened at $93.58 on Thursday. The firm has a market cap of $16,390.00, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 1.39 and a beta of 1.47. Comerica Incorporated has a 12-month low of $64.04 and a 12-month high of $98.18. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.00 and a quick ratio of 1.00.

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

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Thursday, March 15th will be given a $0.30 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.28%. Comerica’s payout ratio is currently 28.99%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Sentry Investment Management LLC lifted its holdings in shares of Comerica by 1.2% in the second quarter. Sentry Investment Management LLC now owns 11,711 shares of the financial services provider’s stock worth $858,000 after buying an additional 142 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in shares of Comerica by 6.8% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 9,605 shares of the financial services provider’s stock worth $834,000 after buying an additional 613 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Comerica by 3.0% in the fourth quarter. US Bancorp DE now owns 22,150 shares of the financial services provider’s stock worth $1,922,000 after buying an additional 641 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in shares of Comerica by 6.4% in the third quarter. Xact Kapitalforvaltning AB now owns 14,702 shares of the financial services provider’s stock worth $1,121,000 after buying an additional 884 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC lifted its holdings in shares of Comerica by 10.4% in the third quarter. Global X MANAGEMENT CO LLC now owns 9,779 shares of the financial services provider’s stock worth $746,000 after buying an additional 922 shares in the last quarter. Institutional investors and hedge funds own 82.30% of the company’s stock.

Several analysts recently issued reports on the stock. Piper Jaffray Companies upgraded shares of Comerica to a “buy” rating and set a $98.00 target price for the company in a research report on Friday, December 8th. Morgan Stanley restated an “equal weight” rating and set a $90.00 target price on shares of Comerica in a research report on Wednesday, December 13th. DA Davidson restated a “hold” rating and set a $100.00 target price on shares of Comerica in a research report on Wednesday, January 17th. Deutsche Bank boosted their target price on shares of Comerica from $80.00 to $82.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Finally, SunTrust Banks restated a “hold” rating and set a $86.00 target price on shares of Comerica in a research report on Tuesday, January 9th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Comerica currently has a consensus rating of “Hold” and an average target price of $92.37.

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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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