Comerica: Institutions Selling Stakes in Q3

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Comerica Incorporated (NYSE:CMA).

SEC data indicate that these institutions significantly reduced their stock shares of Comerica Incorporated in Q3 2011:

  • ARTISAN PARTNERS HOLDINGS LP: On 06/30/2011, held 3,021,100 shares, worth $103,986,262. On 09/30/2011, held 0 shares.
  • LAZARD ASSET MANAGEMENT LLC: On 06/30/2011, held 1,339,659 shares, worth $46,111,063. On 09/30/2011, held 0 shares.
  • OPPENHEIMER FUNDS INC: On 06/30/2011, held 1,159,298 shares, worth $39,903,037. On 09/30/2011, held 0 shares.
  • LEGG MASON CAPITAL MANAGEMENT INC: On 06/30/2011, held 654,725 shares, worth $22,535,635. On 09/30/2011, held 0 shares.
  • FERGUSON WELLMAN CAPITAL MANAGEMENT, INC: On 06/30/2011, held 249,898 shares, worth $8,601,489. On 09/30/2011, held 0 shares.

About the company: Comerica Incorporated is the holding company for business, individual, and investment banks with operations in the United States, Canada, and Mexico. The Company’s subsidiaries provide services such as corporate banking, international finance, treasury management, community banking, private banking, small business and individual lending, investment services, and institutional trust.

Competitors to Watch: U.S. Bancorp (NYSE:USB), Citigroup (NYSE:C), Dearborn Bancorp, Inc. (NASDAQ:DEAR), Wells Fargo & Company (NYSE:WFC), Bank of America Corp. (NYSE:BAC), Regions Financial Corp. (NYSE:RF), JPMorgan Chase & Co. (NYSE:JPM), Citizens Republic Bancorp, Inc. (NASDAQ:CRBC), and Old National Bancorp (NYSE:ONB

(Note: Data regarding Comerica Incorporated’s stock holdings are sourced from All data are assumed to be accurate.)

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