Comerica Inc. (NYSE:CMA) shares 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 trading hands.

A number of research analysts have issued reports on the company. Goldman Sachs Group Inc. upgraded Comerica from a “sell” rating to a “neutral” rating and set a $49.00 price objective for the company in a research note on Thursday, May 26th. Stephens downgraded Comerica from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, April 20th. Deutsche Bank AG restated a “hold” rating on shares of Comerica in a research note on Saturday, June 4th. Compass Point upped their price objective on Comerica from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, July 20th. Finally, Barclays PLC upped their price objective on Comerica from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, April 20th. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $43.96.

The firm has a market cap of $8.04 billion and a PE ratio of 20.07. The firm has a 50 day moving average price of $42.95 and a 200 day moving average price of $40.22.

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

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

Several institutional investors have added to or reduced their stakes in CMA. Gabelli Funds LLC raised its position in Comerica by 3.7% in the fourth quarter. Gabelli Funds LLC now owns 28,000 shares of the financial services provider’s stock worth $1,171,000 after buying an additional 1,000 shares during the period. Utah Retirement Systems increased its stake in Comerica by 0.3% in the fourth quarter. Utah Retirement Systems now owns 31,896 shares of the financial services provider’s stock worth $1,335,000 after buying an additional 100 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in 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 worth $2,317,000 after buying an additional 1,790 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in Comerica by 9.8% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 57,372 shares of the financial services provider’s stock worth $2,403,000 after buying an additional 5,128 shares in the last quarter. Finally, KBC Group NV increased its stake in Comerica by 1.3% in the fourth quarter. KBC Group NV now owns 59,382 shares of the financial services provider’s stock worth $2,484,000 after buying an additional 790 shares in the last quarter.

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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