Comerica Incorporated (NYSE:CMA)'s Trend Unknown, Especially After Increased Shorts

Parsons Capital Management Inc sold 7,322 shares as the company's stock declined 15.88% while stock markets rallied.

Shares of Comerica (NYSE CMA) traded up $2.43 during trading on Wednesday, hitting $91.61. About 1.71 million shares traded or 6.40% up from the average.

Rockefeller Financial Services Inc. boosted its position in shares of Comerica Incorporated (NYSE:CMA) by 14,008.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. It has outperformed by 37.37% the S&P500.

Mutual Of America Capital Management Llc decreased Terex Corp (NYSE:TEX) stake by 11,826 shares to 67,529 valued at $3.04M in 2017Q3. Sentry Investment Management LLC now owns 11,711 shares of the financial services provider's stock worth $858,000 after purchasing an additional 142 shares in the last quarter. The institutional investor held 34,023 shares of the computer manufacturing company at the end of 2017Q3, valued at $4.94M, down from 41,345 at the end of the previous reported quarter. 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, worldwide trade finance, letters of credit, foreign exchange management services and loan syndication services. Ameriprise Financial Inc. lifted its stake in shares of Comerica by 1,159.7% in the first quarter. It has underperformed by 19.46% the S&P500.

Millennium Management Llc, which manages about $65.63B US Long portfolio, decreased its stake in Monarch Casino & Resort Inc (NASDAQ:MCRI) by 48,888 shares to 35,139 shares, valued at $1.39M in 2017Q3, according to the filing. It also reduced its holding in Vanguard Index Tr (VXF) by 6,855 shares in the quarter, leaving it with 24,944 shares, and cut its stake in Workday Inc (NYSE:WDAY). This is an increase from Comerica's previous quarterly dividend of $0.26. Its down 0.05, from 0.9 in 2017Q2.

Hedge funds have recently bought and sold shares of the stock. Texas Permanent School Fund reported 0.05% stake. Finally, FBR & Co reaffirmed a "buy" rating and issued a $84.00 price objective (up previously from $79.00) on shares of Comerica in a research report on Tuesday, October 17th. Gilder Gagnon Howe & Communications Limited Liability Corp accumulated 1.67 million shares or 0.04% of the stock. New Mexico Educational Retirement Board reported 16,414 shares. Assetmark Inc holds 112,319 shares. Investors of record on Thursday, March 15th will be issued a dividend of $0.30 per share. National Registered Inv Advisor owns 5,000 shares for 0.19% of their portfolio. Wright Invsts Serv invested in 3,259 shares or 0.12% of the stock.

Clint Carlson increased its stake in Comerica Inc (CMA) by 14.62% based on its latest 2017Q3 regulatory filing with the SEC. Edgewood Management Ltd Co, a New York-based fund reported 5,222 shares. Scout Investments accumulated 0.96% or 459,988 shares. State Street Corporation, a Massachusetts-based fund reported 10.25 million shares. Piper Jaffray upgraded Comerica Incorporated (NYSE:CMA) rating on Tuesday, September 12.

Since August 30, 2017, it had 0 insider purchases, and 1 insider sale for $589,438 activity. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. Therefore 58% are positive. On Friday, January 5 the stock rating was upgraded by Instinet to "Buy". Comerica now has a consensus rating of "Hold" and an average target price of $76.19. The stock has "Market Perform" rating by BMO Capital Markets on Wednesday, November 2. Brean Capital maintained the stock with "Buy" rating in Friday, August 28 report. The firm earned "Hold" rating on Monday, November 14 by Sandler O'Neill. BMO Capital Markets maintained the stock with "Outperform" rating in Thursday, October 19 report. As per Monday, August 24, the company rating was upgraded by Robert W. Baird. The company was downgraded on Monday, September 28 by Wells Fargo. The firm has "Buy" rating by Wood given on Friday, June 16.

Since August 22, 2017, it had 0 insider buys, and 11 sales for $23.53 million activity. The shares were sold at an average price of $69.50, for a total transaction of $203,496.00. $1.08M worth of stock was sold by Duprey David E on Saturday, January 27. The insider MACKENZIE ALEXANDER R sold 6,750 shares worth $249,750. FARMER CURTIS C sold $1.81M worth of Comerica Incorporated (NYSE:CMA) on Saturday, January 27. Piper Jaffray maintained Comerica Incorporated (NYSE:CMA) on Thursday, July 27 with "Hold" rating. Therefore 45% are positive. Comerica Inc had 123 analyst reports since July 20, 2015 according to SRatingsIntel. On Wednesday, January 17 the stock rating was maintained by Wedbush with "Hold". Morgan Stanley reaffirmed an "equal weight" rating and issued a $90.00 target price on shares of Comerica in a research note on Wednesday, December 13th. The rating was maintained by Compass Point with "Neutral" on Wednesday, July 20. Burkhart Megan D also sold $284,412 worth of Comerica Incorporated (NYSE:CMA) on Thursday, January 25. The firm earned "Neutral" rating on Wednesday, November 30 by Wedbush. The company was maintained on Friday, September 29 by Robert W. Baird. Comerica has an average rating of "Hold" and an average price target of $92.37. Jefferies maintained it with "Buy" rating and $103.0 target in Tuesday, January 16 report.

Investors sentiment decreased to 1.06 in Q3 2017. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.58.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business.

Investment analysts at Jefferies Group lifted their Q2 2018 earnings estimates for shares of Comerica in a research note issued on Tuesday, Zacks Investment Research reports. Department Mb Bancshares N A stated it has 23,574 shares or 0.09% of all its holdings. Another trade for 94,409 shares valued at $3.21 million was sold by DAMELIO FRANK A. The firm owned 5,270 shares of the financial services provider's stock after selling 500 shares during the period. Los Angeles Capital Mngmt & Equity holds 109,263 shares or 0.05% of its portfolio. Victory Capital Inc invested 0.24% in Comerica Incorporated (NYSE:CMA). Private Tru Na invested in 6,462 shares or 0.11% of the stock. Connecticut-based Verition Fund Ltd Limited Liability Company has invested 0.1% in Comerica Incorporated (NYSE:CMA). Moreover, Wagner Bowman Mgmt has 0.57% invested in Pfizer Inc. Andra Ap invested in 0.14% or 81,200 shares. Icon Advisers Co owns 13,300 shares.

Among 33 analysts covering Comerica Inc (NYSE:CMA), 16 have Buy rating, 2 Sell and 15 Hold. Arrowgrass (Us) L P owns 0% invested in Comerica Incorporated (NYSE:CMA) for 4,700 shares.

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