UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 32,036 Shares of Canadian Imperial Bank of Commerce (NYSE:CM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Canadian Imperial Bank of Commerce (NYSE:CM - Free Report) TSE: CM by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,179,347 shares of the bank's stock after purchasing an additional 32,036 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of Canadian Imperial Bank of Commerce worth $74,570,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Crews Bank & Trust purchased a new stake in shares of Canadian Imperial Bank of Commerce in the fourth quarter worth approximately $25,000. Operose Advisors LLC purchased a new position in Canadian Imperial Bank of Commerce during the 4th quarter worth $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Canadian Imperial Bank of Commerce in the 4th quarter worth $30,000. Sandy Spring Bank bought a new stake in Canadian Imperial Bank of Commerce in the 4th quarter worth about $32,000. Finally, IFP Advisors Inc increased its stake in Canadian Imperial Bank of Commerce by 318.1% in the 4th quarter. IFP Advisors Inc now owns 531 shares of the bank's stock valued at $34,000 after buying an additional 404 shares during the last quarter. 49.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on CM shares. National Bank Financial lowered Canadian Imperial Bank of Commerce from an "outperform" rating to a "sector perform" rating in a report on Friday. Jefferies Financial Group lowered shares of Canadian Imperial Bank of Commerce from a "buy" rating to a "hold" rating in a research report on Monday, April 21st. Royal Bank of Canada boosted their target price on shares of Canadian Imperial Bank of Commerce from $108.00 to $116.00 and gave the company an "outperform" rating in a research note on Friday. Wall Street Zen raised shares of Canadian Imperial Bank of Commerce from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Scotiabank started coverage on Canadian Imperial Bank of Commerce in a report on Thursday, May 15th. They set a "sector outperform" rating for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.50.

Canadian Imperial Bank of Commerce Trading Down 0.2%

Shares of CM traded down $0.16 during trading hours on Friday, reaching $67.70. 277,716 shares of the company traded hands, compared to its average volume of 1,134,603. The company's fifty day moving average price is $61.37 and its two-hundred day moving average price is $61.98. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $63.65 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.62 and a beta of 1.06. Canadian Imperial Bank of Commerce has a 12 month low of $46.99 and a 12 month high of $69.88.

Canadian Imperial Bank of Commerce (NYSE:CM - Get Free Report) TSE: CM last released its earnings results on Thursday, May 29th. The bank reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.10. The firm had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.78 billion. Canadian Imperial Bank of Commerce had a net margin of 11.10% and a return on equity of 14.01%. The business's revenue was up 13.9% on a year-over-year basis. During the same period last year, the business earned $1.75 earnings per share. Equities research analysts predict that Canadian Imperial Bank of Commerce will post 5.5 earnings per share for the current fiscal year.

Canadian Imperial Bank of Commerce Profile

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.