Traders sold shares of Comerica Inc. (NYSE:CMA) on strength during trading hours on Thursday. $14.10 million flowed into the stock on the tick-up and $32.38 million flowed out of the stock on the tick-down, for a money net flow of $18.28 million out of the stock. Of all stocks tracked, Comerica had the 0th highest net out-flow for the day. Comerica traded up $0.28 for the day and closed at $45.95

CMA has been the subject of several research analyst reports. Robert W. Baird restated a “buy” rating on shares of Comerica in a research report on Wednesday, April 27th. FBR & Co restated a “buy” rating and set a $48.00 price target on shares of Comerica in a research report on Monday, April 25th. TheStreet upgraded Comerica from a “hold” rating to a “buy” rating in a research report on Wednesday, May 4th. Leerink Swann reiterated a “buy” rating on shares of Comerica in a report on Sunday, July 17th. Finally, Zacks Investment Research upgraded Comerica from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Monday, July 25th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $43.96.

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

Comerica (NYSE:CMA) last issued its quarterly earnings results on Tuesday, July 19th. The financial services provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.69 by $0.11. On average, equities research analysts expect that Comerica Inc. will post $2.42 earnings per share for the current fiscal year.

The firm also recently disclosed 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 an increase from Comerica’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, September 13th. This represents a $0.92 annualized dividend and a yield of 2.00%.

A number of large investors have added to or reduced their stakes in CMA. 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 valued at $2,942,000 after buying an additional 22,828 shares during the period. 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 valued at $3,024,000 after buying an additional 34,300 shares during the period. 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 valued at $2,484,000 after buying an additional 790 shares during the period. 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 valued at $1,335,000 after buying an additional 100 shares during the period. 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 valued at $4,085,000 after buying an additional 769 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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