Vanguard Personalized Indexing Management LLC raised its holdings in Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM by 13.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,154 shares of the bank's stock after acquiring an additional 4,409 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Canadian Imperial Bank of Commerce were worth $2,561,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. HM Payson & Co. bought a new position in shares of Canadian Imperial Bank of Commerce in the first quarter worth $29,000. TruNorth Capital Management LLC increased its stake in shares of Canadian Imperial Bank of Commerce by 156.0% in the 1st quarter. TruNorth Capital Management LLC now owns 512 shares of the bank's stock valued at $29,000 after buying an additional 312 shares during the period. Truvestments Capital LLC acquired a new position in Canadian Imperial Bank of Commerce in the first quarter valued at about $32,000. Ameritas Advisory Services LLC bought a new stake in Canadian Imperial Bank of Commerce during the second quarter worth about $34,000. Finally, Private Trust Co. NA increased its stake in shares of Canadian Imperial Bank of Commerce by 40.0% during the first quarter. Private Trust Co. NA now owns 781 shares of the bank's stock worth $44,000 after purchasing an additional 223 shares during the period. 49.88% of the stock is owned by institutional investors and hedge funds.
Canadian Imperial Bank of Commerce Stock Performance
Shares of NYSE CM opened at $81.85 on Thursday. The company has a market cap of $76.09 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.71 and a beta of 1.03. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.04 and a quick ratio of 1.04. Canadian Imperial Bank of Commerce has a 12 month low of $53.62 and a 12 month high of $82.23. The company has a 50-day simple moving average of $77.85 and a 200-day simple moving average of $70.40.
Canadian Imperial Bank of Commerce (NYSE:CM - Get Free Report) TSE: CM last announced its quarterly earnings results on Thursday, August 28th. The bank reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.14. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.12 billion. Canadian Imperial Bank of Commerce had a net margin of 12.94% and a return on equity of 14.67%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.93 earnings per share. On average, equities analysts anticipate that Canadian Imperial Bank of Commerce will post 5.5 earnings per share for the current year.
Canadian Imperial Bank of Commerce Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 28th. Investors of record on Monday, September 29th will be paid a $0.97 dividend. This is a boost from Canadian Imperial Bank of Commerce's previous quarterly dividend of $0.70. The ex-dividend date is Monday, September 29th. This represents a $3.88 annualized dividend and a yield of 4.7%. Canadian Imperial Bank of Commerce's dividend payout ratio is presently 47.64%.
Wall Street Analyst Weigh In
Several analysts have recently commented on CM shares. Wall Street Zen downgraded Canadian Imperial Bank of Commerce from a "hold" rating to a "sell" rating in a research note on Saturday, October 4th. Royal Bank Of Canada boosted their price target on Canadian Imperial Bank of Commerce from $112.00 to $113.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Canadian Imperial Bank of Commerce in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $107.50.
View Our Latest Research Report on CM
Canadian Imperial Bank of Commerce Company Profile
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Free Report)
Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.
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