2 weeks Ago By Defense World Staff
Brown Shipley& Co Ltd trimmed its stake in shares of Canadian Imperial Bank of Commerce ( NYSE:CM – Free Report ) (TSE:CM) by 8.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,285 shares of the bank’s stock after selling 492 shares during the quarter.
Brown Shipley& Co Ltd’s holdings in Canadian Imperial Bank of Commerce were worth $251,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Toronto Dominion Bank boosted its holdings in shares of Canadian Imperial Bank of Commerce by 17.
9% during the 2nd quarter. Toronto Dominion Bank now owns 25,941,777 shares of the bank’s stock worth $1,233,272,000 after buying an additional 3,942,894 shares during the period. Vanguard Group Inc.
grew its position in shares of Canadian Imperial Bank of Commerce by 4.1% in the fourth quarter. Vanguard Group Inc.
now owns 35,237,455 shares of the bank’s stock valued at $1,696,331,000 after purchasing an additional 1,395,600 shares during the last quarter. M&G Plc bought a new position in shares of Canadian Imperial Bank of Commerce during the first quarter worth approximately $8,221,000. Cetera Advisors LLC acquired a new stake in Canadian Imperial Bank of Commerce during the 1st quarter worth approximately $1,278,000.
Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in Canadian Imperial Bank of Commerce by 1,091.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 267,124 shares of the bank’s stock valued at $13,477,000 after purchasing an additional 244,700 shares during the period.
49.88% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth A number of equities research analysts have recently weighed in on CM shares.
Desjardins raised Canadian Imperial Bank of Commerce from a “hold” rating to a “moderate buy” rating in a report on Friday, August 2nd. Cormark upgraded shares of Canadian Imperial Bank of Commerce from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 30th. Bank of America upgraded shares of Canadian Imperial Bank of Commerce from a “neutral” rating to a “buy” rating in a research report on Friday, August 30th.
BMO Capital Markets lifted their price target on shares of Canadian Imperial Bank of Commerce from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, August 30th.
Finally, Keefe, Bruyette & Woods upgraded Canadian Imperial Bank of Commerce from a “market perform” rating to an “outperform” rating in a research note on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.
00. Canadian Imperial Bank of Commerce Price Performance Shares of NYSE:CM opened at $61.21 on Monday.
The firm has a 50 day moving average of $55.55 and a 200-day moving average of $51.15.
The stock has a market capitalization of $57.72 billion, a PE ratio of 12.59, a PEG ratio of 1.
86 and a beta of 1.07. The company has a current ratio of 1.
05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.14.
Canadian Imperial Bank of Commerce has a 12 month low of $34.35 and a 12 month high of $62.67.
Canadian Imperial Bank of Commerce ( NYSE:CM – Get Free Report ) (TSE:CM) last issued its earnings results on Thursday, August 29th. The bank reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.
74 by $0.19. Canadian Imperial Bank of Commerce had a return on equity of 13.
50% and a net margin of 10.66%. The firm had revenue of $6.
60 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the business posted $1.
14 EPS. The company’s revenue was up 12.9% compared to the same quarter last year.
On average, equities research analysts predict that Canadian Imperial Bank of Commerce will post 5.36 EPS for the current fiscal year. Canadian Imperial Bank of Commerce Cuts Dividend The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th.
Stockholders of record on Friday, September 27th will be issued a $0.652 dividend. The ex-dividend date of this dividend is Friday, September 27th.
This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.26%.
Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is currently 54.73%. 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. Featured Articles Five stocks we like better than Canadian Imperial Bank of Commerce How to Calculate Options Profits 3 Bargain Stocks Under $20 With Major Growth Potential What Does a Stock Split Mean? Top 5 ETFs to Own Now and Into 2025 Where Do I Find 52-Week Highs and Lows? Watch These 3 Former Short-Squeeze Stocks for a Big Rally Receive News & Ratings for Canadian Imperial Bank of Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Imperial Bank of Commerce and related companies with MarketBeat.
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