Comerica Inc. (NYSE:CMA)’s share price gapped up prior to trading on Friday . The stock had previously closed at $44.25, but opened at $44.83. Comerica shares last traded at $46.23, with a volume of 1,539,632 shares traded.

A number of equities analysts recently issued reports on the company. Raymond James Financial Inc. restated an “outperform” rating on shares of Comerica in a report on Friday, June 3rd. Goldman Sachs Group Inc. upgraded Comerica from a “sell” rating to a “neutral” rating and set a $49.00 target price on the stock in a report on Thursday, May 26th. Deutsche Bank AG restated a “hold” rating on shares of Comerica in a report on Saturday, June 4th. Zacks Investment Research upgraded Comerica from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Monday, July 25th. Finally, Robert W. Baird restated a “buy” rating on shares of Comerica in a report on Wednesday, April 27th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.96.

The firm’s 50 day moving average is $42.95 and its 200-day moving average is $40.22. The company has a market cap of $8.04 billion and a P/E ratio of 20.07.

Comerica (NYSE:CMA) last posted its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.11. Equities research analysts predict that Comerica Inc. will post $2.42 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Thursday, September 15th will be paid a $0.23 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.92 annualized dividend and a yield of 1.99%. This is an increase from Comerica’s previous quarterly dividend of $0.22.

A number of large investors have recently modified their holdings of CMA. Bank of Montreal Can increased its stake in shares of Comerica by 48.1% in the fourth quarter. Bank of Montreal Can now owns 70,314 shares of the financial services provider’s stock valued at $2,942,000 after buying an additional 22,828 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Comerica by 3.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 55,389 shares of the financial services provider’s stock valued at $2,317,000 after buying an additional 1,790 shares during the period. Gabelli Funds LLC increased its stake in shares of Comerica by 3.7% in the fourth quarter. Gabelli Funds LLC now owns 28,000 shares of the financial services provider’s stock valued at $1,171,000 after buying an additional 1,000 shares during the period. Trexquant Investment LP increased its stake in shares of Comerica by 90.3% in the fourth quarter. Trexquant Investment LP now owns 72,300 shares of the financial services provider’s stock valued at $3,024,000 after buying an additional 34,300 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its stake in shares of Comerica by 32.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 187,374 shares of the financial services provider’s stock valued at $7,838,000 after buying an additional 45,656 shares during the period.

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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