Susquehanna Fundamental Investments LLC Has $35.80 Million Position in Canadian Imperial Bank of Commerce $CM

Susquehanna Fundamental Investments LLC cut its position in shares of Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM by 40.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 311,300 shares of the bank's stock after selling 210,700 shares during the quarter. Susquehanna Fundamental Investments LLC's holdings in Canadian Imperial Bank of Commerce were worth $35,800,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CM. Larson Financial Group LLC grew its stake in shares of Canadian Imperial Bank of Commerce by 119.7% during 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 in the last quarter. EFG International AG bought a new stake in shares of Canadian Imperial Bank of Commerce in the fourth quarter worth $35,000. Bell Investment Advisors Inc bought a new stake in shares of Canadian Imperial Bank of Commerce in the second quarter worth $36,000. Global Assets Advisory LLC acquired a new position in Canadian Imperial Bank of Commerce during the first quarter worth $54,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in Canadian Imperial Bank of Commerce by 87.0% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 860 shares of the bank's stock worth $69,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 49.88% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CM. Keefe, Bruyette & Woods began coverage on shares of Canadian Imperial Bank of Commerce in a research note on Friday, August 21st. They issued a "market perform" rating on the stock. Scotiabank restated an "outperform" rating on shares of Canadian Imperial Bank of Commerce in a research note on Tuesday, June 16th. Barclays restated an "overweight" rating on shares of Canadian Imperial Bank of Commerce in a report on Friday, August 21st. Jefferies Financial Group reiterated a "hold" rating on shares of Canadian Imperial Bank of Commerce in a report on Thursday, May 28th. Finally, Raymond James Financial restated a "market perform" rating on shares of Canadian Imperial Bank of Commerce in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $167.00.

Key Canadian Imperial Bank of Commerce News

Here are the key news stories impacting Canadian Imperial Bank of Commerce this week:

• Positive Sentiment: Adjusted third-quarter earnings per share rose 26% year over year to $2.73, marking CIBC’s ninth consecutive quarter of double-digit EPS growth. Adjusted net income increased to C$2.648 billion on revenue of C$8.368 billion, while return on equity reached 16.8%. CIBC Notches a Ninth Straight Quarter of Double-Digit Growth
• Positive Sentiment: Profit exceeded analyst expectations, supported by growth in domestic retail banking, capital markets and CIBC’s U.S. operations. Reported quarterly earnings reached C$2.41 billion, up from C$2.1 billion a year earlier. CIBC Beats Profit Forecast on Growth in Domestic Banking
• Positive Sentiment: CIBC declared a quarterly dividend of C$1.07 per share, payable October 28 to shareholders of record September 28. The dividend supports an annualized yield of approximately 3.7% and may appeal to income-focused investors.
• Neutral Sentiment: Analysts’ recent price targets remain above the current trading range, with targets of C$144, C$157 and C$167. However, these targets predate the latest earnings reaction and may not yet reflect investor concerns about capital and one-time costs.
• Negative Sentiment: The quarter included C$269 million in charges related to the announced sale of CIBC Caribbean Bank. The bank’s CET1 capital ratio also declined to 13.4% from 13.6%, partly because of the charge, a minority investment closing and share repurchases. Those factors offset the operating-profit beat and contributed to the weaker market response. CIBC Slides After Earnings as Sale Charge and Capital Ratio Dip Offset a Profit Beat

Canadian Imperial Bank of Commerce Trading Up 0.1%

Canadian Imperial Bank of Commerce stock opened at $114.46 on Monday. The stock has a 50-day simple moving average of $117.46 and a 200 day simple moving average of $109.08. The stock has a market capitalization of $104.48 billion, a P/E ratio of 15.28, a PEG ratio of 1.19 and a beta of 1.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.05. Canadian Imperial Bank of Commerce has a 52 week low of $76.10 and a 52 week high of $124.86.

Canadian Imperial Bank of Commerce (NYSE:CM - Get Free Report) TSE: CM last released its quarterly earnings data on Thursday, August 27th. The bank reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.16. Canadian Imperial Bank of Commerce had a return on equity of 17.02% and a net margin of 16.09%.The company had revenue of $5.97 billion during the quarter, compared to analysts' expectations of $5.74 billion. Analysts expect that Canadian Imperial Bank of Commerce will post 7.41 earnings per share for the current year.

Canadian Imperial Bank of Commerce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Monday, September 28th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, September 28th. This represents a $4.28 annualized dividend and a yield of 3.7%. Canadian Imperial Bank of Commerce's dividend payout ratio (DPR) is currently 41.39%.

About Canadian Imperial Bank of Commerce

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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