Osmosis Investment Management UK Ltd Invests $3.69 Million in Canadian Imperial Bank of Commerce $CM

Osmosis Investment Management UK Ltd purchased a new position in Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 32,095 shares of the bank's stock, valued at approximately $3,694,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bell Investment Advisors Inc bought a new stake in Canadian Imperial Bank of Commerce in the second quarter valued at $36,000. EFG International AG bought a new position in shares of Canadian Imperial Bank of Commerce during the fourth quarter worth about $35,000. Larson Financial Group LLC increased its holdings in shares of Canadian Imperial Bank of Commerce by 119.7% in the 3rd quarter. Larson Financial Group LLC now owns 402 shares of the bank's stock worth $32,000 after acquiring an additional 219 shares during the period. Global Assets Advisory LLC acquired a new stake in shares of Canadian Imperial Bank of Commerce in the 1st quarter worth about $54,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Canadian Imperial Bank of Commerce by 2,758.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 829 shares of the bank's stock worth $75,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 49.88% of the company's stock.

Canadian Imperial Bank of Commerce Price Performance

Shares of NYSE CM opened at $116.38 on Monday. Canadian Imperial Bank of Commerce has a fifty-two week low of $72.57 and a fifty-two week high of $124.86. The firm's 50-day simple moving average is $117.13 and its 200 day simple moving average is $108.36. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.11. The stock has a market cap of $106.24 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.22 and a beta of 1.01.

Canadian Imperial Bank of Commerce (NYSE:CM - Get Free Report) TSE: CM last posted its quarterly earnings data on Thursday, May 28th. The bank reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.08. The business had revenue of $5.89 billion during the quarter, compared to the consensus estimate of $5.86 billion. Canadian Imperial Bank of Commerce had a net margin of 15.84% and a return on equity of 16.31%. The company's quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.05 earnings per share. Equities analysts expect that Canadian Imperial Bank of Commerce will post 7.41 EPS for the current year.

Canadian Imperial Bank of Commerce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 28th. Stockholders of record on Monday, June 29th were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, June 29th. Canadian Imperial Bank of Commerce's dividend payout ratio is currently 42.58%.

Analyst Upgrades and Downgrades

CM has been the subject of a number of analyst reports. Zacks Research lowered shares of Canadian Imperial Bank of Commerce from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 28th. Keefe, Bruyette & Woods started coverage on shares of Canadian Imperial Bank of Commerce in a research note on Friday. They issued a "market perform" rating on the stock. Royal Bank Of Canada raised their price target on shares of Canadian Imperial Bank of Commerce from $147.00 to $167.00 and gave the company an "outperform" rating in a research note on Monday, June 1st. Jefferies Financial Group reaffirmed a "hold" rating on shares of Canadian Imperial Bank of Commerce in a report on Thursday, May 28th. Finally, Weiss Ratings upgraded Canadian Imperial Bank of Commerce from a "buy (b)" rating to a "buy (b+)" rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Canadian Imperial Bank of Commerce has an average rating of "Moderate Buy" and an average price target of $167.00.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce NYSE: CM, commonly known as CIBC, is a major Canadian financial institution headquartered in Toronto. Formed in 1961 through the merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, CIBC is one of Canada's largest banks and provides a broad range of banking and financial services to retail, small business, commercial and institutional clients.

CIBC's activities span personal and business banking, wealth management, capital markets and corporate banking.

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