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Canadian Imperial Bank of Commerce (NYSE:CM) Shares Bought by Vise Technologies Inc.

Canadian Imperial Bank of Commerce logo with Finance background

Vise Technologies Inc. increased its stake in shares of Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM by 30.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,805 shares of the bank's stock after acquiring an additional 4,566 shares during the quarter. Vise Technologies Inc.'s holdings in Canadian Imperial Bank of Commerce were worth $1,252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Canadian Imperial Bank of Commerce by 6.1% during the third quarter. JPMorgan Chase & Co. now owns 5,857,844 shares of the bank's stock worth $359,320,000 after purchasing an additional 334,545 shares in the last quarter. HB Wealth Management LLC purchased a new position in Canadian Imperial Bank of Commerce during the 4th quarter worth approximately $228,000. MassMutual Private Wealth & Trust FSB increased its position in Canadian Imperial Bank of Commerce by 27.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,161 shares of the bank's stock worth $73,000 after buying an additional 250 shares during the period. Atomi Financial Group Inc. lifted its stake in Canadian Imperial Bank of Commerce by 19.5% in the fourth quarter. Atomi Financial Group Inc. now owns 9,415 shares of the bank's stock valued at $595,000 after buying an additional 1,536 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Canadian Imperial Bank of Commerce by 5.7% in the fourth quarter. Fifth Third Bancorp now owns 4,971 shares of the bank's stock valued at $314,000 after acquiring an additional 270 shares during the period. 49.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Canadian Imperial Bank of Commerce from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Scotiabank assumed coverage on shares of Canadian Imperial Bank of Commerce in a research note on Thursday, May 15th. They set a "sector outperform" rating for the company. Finally, Jefferies Financial Group lowered shares of Canadian Imperial Bank of Commerce from a "buy" rating to a "hold" rating in a research note on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $92.00.

Check Out Our Latest Stock Report on Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce Stock Performance

CM traded up $0.06 during trading on Thursday, hitting $67.97. The stock had a trading volume of 605,869 shares, compared to its average volume of 1,136,523. The firm has a market capitalization of $63.90 billion, a P/E ratio of 12.69, a PEG ratio of 1.62 and a beta of 1.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.05 and a current ratio of 1.05. Canadian Imperial Bank of Commerce has a twelve month low of $46.99 and a twelve month high of $69.80. The company's 50-day moving average price is $61.17 and its 200 day moving average price is $61.95.

Canadian Imperial Bank of Commerce Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Friday, March 28th were issued a $0.6723 dividend. This represents a $2.69 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend was Friday, March 28th. Canadian Imperial Bank of Commerce's dividend payout ratio is presently 48.03%.

Canadian Imperial Bank of Commerce Company Profile

(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.

See Also

Institutional Ownership by Quarter for Canadian Imperial Bank of Commerce (NYSE:CM)

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