Shares of Comerica Inc. (NYSE:CMA) saw unusually-strong trading volume on Thursday . Approximately 2,217,903 shares changed hands during trading, an increase of 25% from the previous session’s volume of 1,773,329 shares.The stock last traded at $45.86 and had previously closed at $45.67.

A number of equities analysts recently weighed in on CMA shares. Bank of America Corp. lowered shares of Comerica from a “neutral” rating to an “underperform” rating and upped their target price for the stock from $30.48 to $36.00 in a research report on Wednesday, June 29th. Zacks Investment Research upgraded shares of Comerica from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Monday, July 25th. FBR & Co restated a “buy” rating and set a $48.00 target price on shares of Comerica in a research report on Monday, April 25th. Wells Fargo & Co. upgraded shares of Comerica from an “underperform” rating to a “market perform” rating in a research report on Friday, July 8th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. dropped their target price on shares of Comerica from $47.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $43.96.

The firm’s 50 day moving average price is $44.14 and its 200-day moving average price is $41.00. The stock has a market cap of $7.99 billion and a price-to-earnings ratio of 19.95.

Comerica (NYSE:CMA) last released its earnings results on Tuesday, July 19th. The financial services provider reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.11. On average, equities analysts predict that Comerica Inc. will post $2.42 earnings per share for the current fiscal 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 dividend of $0.23 per share. This is a positive change from Comerica’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.00%.

Other hedge funds have recently added to or reduced their stakes in the company. Utah Retirement Systems raised 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 during the last quarter. KBC Group NV raised 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 during the last quarter. Bank of Montreal Can raised its stake in Comerica by 48.1% in the fourth quarter. Bank of Montreal Can now owns 70,314 shares of the financial services provider’s stock worth $2,942,000 after buying an additional 22,828 shares during the last quarter. Trexquant Investment LP raised its stake in Comerica by 90.3% in the fourth quarter. Trexquant Investment LP now owns 72,300 shares of the financial services provider’s stock worth $3,024,000 after buying an additional 34,300 shares during the last quarter. Finally, American International Group Inc. raised its stake in Comerica by 0.8% in the fourth quarter. American International Group Inc. now owns 97,653 shares of the financial services provider’s stock worth $4,085,000 after buying an additional 769 shares during 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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