Comerica Incorporated (NYSE:CMA) Sellers Reduced By 27.75% Their Shorts

April 16, 2018 - By James Douglas

Comerica Incorporated (NYSE:CMA) Corporate Logo

Big Money Sentiment decreased to 1 in 2017 Q4. It has change of 0.06, from 2017Q3’s 1.06. The ratio dropped due to Comerica Incorporated positioning: 38 sold and 167 reduced. 69 funds bought stakes and 135 increased stakes. Investors holded 139.79 million in 2017Q3 but now own 139.03 million shares or 0.55% less.
Profund Ltd Limited Liability Company reported 11,049 shs stake. Exxonmobil Tx invested 0.07% of its capital in Comerica Incorporated (NYSE:CMA). Plante Moran Advsrs Ltd Liability reported 0.17% in Comerica Incorporated (NYSE:CMA). Franklin Resources accumulated 97,139 shs. West Oak Cap Limited Company owns 2,806 shs or 0.15% of their US capital. Sg Americas Securities Llc holds 51,842 shs or 0.04% of its capital. Old Mutual Glob Investors (Uk) Ltd has 0.28% invested in Comerica Incorporated (NYSE:CMA). Balyasny Asset Limited Co owns 2.05 million shs. Virtus Invest Advisers Incorporated reported 0.08% of its capital in Comerica Incorporated (NYSE:CMA). Pacad Invest Ltd holds 4,095 shs or 0.08% of its capital. Citadel Lc owns 2.01 million shs for 0.11% of their capital. Teachers & Annuity Association Of America reported 11,946 shs or 0.05% of all its holdings. Convergence Inv Prtn Lc invested in 26,859 shs. First Midwest Fincl Bank Tru Division stated it has 0.21% of its capital in Comerica Incorporated (NYSE:CMA). New York-based Cibc Mkts Corp has invested 0.18% in Comerica Incorporated (NYSE:CMA).

Comerica Incorporated had 12 selling transactions and 0 insider purchases since January 18, 2018. This’s net activity of $26.49 million. On Friday, January 26 $243,919 worth of Comerica Incorporated (NYSE:CMA) was sold by Buchanan John D. On Saturday, January 27 FARMER CURTIS C sold $1.81 million worth of Comerica Incorporated (NYSE:CMA) or 18,870 shs. 50,000 Comerica Incorporated (NYSE:CMA) shs with value of $4.76M were sold by BABB RALPH W JR. Carr Muneera S sold $230,560 worth of stock or 2,321 shs. Another trade for 1,052 shs valued at $102,044 was sold by Guilfoile Peter William. $1.08M worth of stock was sold by Duprey David E on Saturday, January 27.

Change of 27.75% for Comerica Incorporated (NYSE:CMA)’s shares shorted was recorded. It was issued in April by FINRA the 2.26M shares shorted on CMA. The 3.13M previous shares are down with 27.75%. With Average volume 1.55 million, CMA’s former position will take 2 days to recover. Comerica Incorporated’s shares shorted float is 1.32%.

Its shares touched $96.27 on during the last trading session after 0.21% change.Comerica Incorporated has volume of 689,704 shares. Since April 16, 2017 CMA has risen 41.51% and is uptrending. CMA outperformed the S&P500 by 29.96%.

Comerica Incorporated, through its subsidiaries, provides various financial services and products.The firm is worth $16.62 billion. The firm operates through three divisions: Business Bank, Retail Bank, and Wealth Management.The P/E ratio is 23.25. The Business Bank segment offers various services and products, such as commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management, and loan syndication services to middle market businesses, multinational firms, and governmental entities.

Comerica Incorporated (NYSE:CMA) Ratings Coverage

Total analysts of 24 have positions in Comerica Inc (NYSE:CMA) as follows: 13 rated it a “Buy”, 1 with “Sell” and 10 with “Hold”. The positive are 54%. Since October 18, 2017 according to StockzIntelligence Inc Comerica Inc has 46 analyst reports. On Monday, January 22 the firm has “Buy” rating by Stephens given. In Tuesday, October 17 report Keefe Bruyette & Woods maintained it with “Buy” rating and $81.0 target. On Monday, March 5 the stock of Comerica Incorporated (NYSE:CMA) earned “Hold” rating by Sandler O’Neill. On Wednesday, April 4 the rating was maintained by Keefe Bruyette & Woods with “Buy”. On Tuesday, January 16 Keefe Bruyette & Woods maintained Comerica Incorporated (NYSE:CMA) rating. Keefe Bruyette & Woods has “Buy” rating and $104.0 target. On Monday, March 5 the company was maintained by Wedbush. On Wednesday, December 20 the firm earned “Hold” rating by Wells Fargo. On Tuesday, January 16 the stock of Comerica Incorporated (NYSE:CMA) has “Buy” rating given by Piper Jaffray. In Tuesday, January 16 report Sandler O’Neill maintained it with “Hold” rating and $99.0 target. In Tuesday, January 2 report Robert W. Baird maintained it with “Hold” rating and $85.0 target.

Comerica Incorporated (NYSE:CMA) Institutional Investors Chart

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