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.

CMA has been the subject of several research reports. Robert W. Baird reiterated a “buy” rating on shares of Comerica in a research report on Wednesday, April 27th. FBR & Co reiterated a “buy” rating and issued a $48.00 price target on shares of Comerica in a research report on Monday, April 25th. TheStreet upgraded shares of 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 research report on Sunday, July 17th. Finally, Zacks Investment Research upgraded shares of Comerica from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research 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 assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.96.

The company’s 50-day moving average is $44.27 and its 200-day moving average is $41.08. The firm has a market cap of $7.97 billion and a PE ratio of 19.91.

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

The business also recently declared 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 is a boost from Comerica’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.01%.

A number of institutional investors have added to or reduced their stakes in CMA. American International Group Inc. boosted its position 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. Bank of Montreal Can boosted its position 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. KBC Group NV boosted its position 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. Finally, Utah Retirement Systems boosted its position 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.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.