Today, Comerica Inc. (CMA) Upgrade at Keefe, Bruyette & Woods

Today, Comerica Inc. (CMA) Upgrade at Keefe, Bruyette & Woods

Comerica Inc. (NYSE:CMA) was upgraded by equities research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued to investors on Tuesday, The Fly reports.

A number of other equities analysts also recently issued reports on the company. Jefferies Group upgraded Comerica from a “hold” rating to a “buy” rating in a report on Monday. Sandler O’Neill downgraded Comerica from a “buy” rating to a “hold” rating in a report on Monday, November 14th. Robert W. Baird downgraded Comerica from an “outperform” rating to a “neutral” rating and set a $52.00 price objective for the company. in a report on Thursday, November 10th. BMO Capital Markets reiterated a “hold” rating on shares of Comerica in a report on Friday, October 21st. Finally, Zacks Investment Research upgraded Comerica from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Friday, October 21st. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten 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.

Shares of Comerica (NYSE:CMA) opened at 61.13 on Tuesday. The company has a market capitalization of $10.53 billion, a PE ratio of 25.48 and a beta of 1.35. The company has a 50-day moving average price of $54.07 and a 200-day moving average price of $47.29. Comerica has a 52 week low of $30.48 and a 52 week high of $62.50.

Comerica (NYSE:CMA) last posted its quarterly earnings data on Tuesday, October 18th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping 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 earnings per share. Analysts predict that Comerica will post $2.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Thursday, December 15th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Tuesday, December 13th. Comerica’s dividend payout ratio (DPR) is currently 37.25%.

In other news, insider Michael T. Ritchie sold 2,362 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $50.90, for a total value of $120,225.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Muneera S. Carr sold 1,986 shares of the firm’s stock in a transaction dated Friday, October 21st. The stock was sold at an average price of $51.07, for a total value of $101,425.02. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its position in Comerica by 463.5% in the first quarter. Royal Bank of Canada now owns 709,176 shares of the financial services provider’s stock valued at $26,857,000 after buying an additional 583,321 shares during the period. Exxonmobil Investment Management Inc. TX increased its position in Comerica by 6.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 45,333 shares of the financial services provider’s stock valued at $1,865,000 after buying an additional 2,754 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in Comerica by 1.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 150,767 shares of the financial services provider’s stock valued at $6,201,000 after buying an additional 2,045 shares during the period. Capstone Asset Management Co. increased its position in Comerica by 3.1% in the second quarter. Capstone Asset Management Co. now owns 21,032 shares of the financial services provider’s stock valued at $865,000 after buying an additional 640 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its position in Comerica by 3.8% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 326,800 shares of the financial services provider’s stock valued at $13,441,000 after buying an additional 11,993 shares during the period. 81.32% of the stock is currently owned by hedge funds and other institutional investors.

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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Today, Comerica Inc. (CMA) Upgrade at Keefe, Bruyette & Woods

Today, Comerica Inc. (CMA) Upgrade at Keefe, Bruyette & Woods

Comerica Inc. (NYSE:CMA) was upgraded by equities research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued to investors on Tuesday, The Fly reports.

A number of other equities analysts also recently issued reports on the company. Jefferies Group upgraded Comerica from a “hold” rating to a “buy” rating in a report on Monday. Sandler O’Neill downgraded Comerica from a “buy” rating to a “hold” rating in a report on Monday, November 14th. Robert W. Baird downgraded Comerica from an “outperform” rating to a “neutral” rating and set a $52.00 price objective for the company. in a report on Thursday, November 10th. BMO Capital Markets reiterated a “hold” rating on shares of Comerica in a report on Friday, October 21st. Finally, Zacks Investment Research upgraded Comerica from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Friday, October 21st. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten 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.

Shares of Comerica (NYSE:CMA) opened at 61.13 on Tuesday. The company has a market capitalization of $10.53 billion, a PE ratio of 25.48 and a beta of 1.35. The company has a 50-day moving average price of $54.07 and a 200-day moving average price of $47.29. Comerica has a 52 week low of $30.48 and a 52 week high of $62.50.

Comerica (NYSE:CMA) last posted its quarterly earnings data on Tuesday, October 18th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping 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 earnings per share. Analysts predict that Comerica will post $2.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Thursday, December 15th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Tuesday, December 13th. Comerica’s dividend payout ratio (DPR) is currently 37.25%.

In other news, insider Michael T. Ritchie sold 2,362 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $50.90, for a total value of $120,225.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Muneera S. Carr sold 1,986 shares of the firm’s stock in a transaction dated Friday, October 21st. The stock was sold at an average price of $51.07, for a total value of $101,425.02. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its position in Comerica by 463.5% in the first quarter. Royal Bank of Canada now owns 709,176 shares of the financial services provider’s stock valued at $26,857,000 after buying an additional 583,321 shares during the period. Exxonmobil Investment Management Inc. TX increased its position in Comerica by 6.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 45,333 shares of the financial services provider’s stock valued at $1,865,000 after buying an additional 2,754 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in Comerica by 1.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 150,767 shares of the financial services provider’s stock valued at $6,201,000 after buying an additional 2,045 shares during the period. Capstone Asset Management Co. increased its position in Comerica by 3.1% in the second quarter. Capstone Asset Management Co. now owns 21,032 shares of the financial services provider’s stock valued at $865,000 after buying an additional 640 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its position in Comerica by 3.8% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 326,800 shares of the financial services provider’s stock valued at $13,441,000 after buying an additional 11,993 shares during the period. 81.32% of the stock is currently owned by hedge funds and other institutional investors.

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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