AMP Capital Investors Ltd Has $17.27 Million Position in Canadian Imperial Bank of Commerce (CM)

AMP Capital Investors Ltd raised its position in shares of Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 17.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 182,566 shares of the bank’s stock after purchasing an additional 26,774 shares during the quarter. AMP Capital Investors Ltd’s holdings in Canadian Imperial Bank of Commerce were worth $17,274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CM. HighPoint Advisor Group LLC bought a new position in Canadian Imperial Bank of Commerce during the 3rd quarter valued at $195,000. Mawer Investment Management Ltd. bought a new position in Canadian Imperial Bank of Commerce during the 2nd quarter valued at $205,000. Providence Wealth Advisors LLC bought a new position in Canadian Imperial Bank of Commerce during the 3rd quarter valued at $214,000. Iberiabank Corp bought a new position in Canadian Imperial Bank of Commerce during the 3rd quarter valued at $217,000. Finally, Laurion Capital Management LP bought a new position in Canadian Imperial Bank of Commerce during the 2nd quarter valued at $233,000. 46.36% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on CM shares. Zacks Investment Research lowered Canadian Imperial Bank of Commerce from a “hold” rating to a “sell” rating in a research note on Monday, November 19th. Canaccord Genuity reaffirmed a “buy” rating on shares of Canadian Imperial Bank of Commerce in a research note on Thursday, November 22nd. TheStreet raised Canadian Imperial Bank of Commerce from a “c” rating to a “b-” rating in a research note on Thursday, August 23rd. Barclays reaffirmed a “buy” rating on shares of Canadian Imperial Bank of Commerce in a research note on Thursday. Finally, Scotiabank reaffirmed a “hold” rating on shares of Canadian Imperial Bank of Commerce in a research note on Friday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $121.33.

CM opened at $83.88 on Monday. The firm has a market cap of $37.11 billion, a PE ratio of 8.98, a P/E/G ratio of 1.58 and a beta of 1.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.05 and a quick ratio of 1.05. Canadian Imperial Bank of Commerce has a fifty-two week low of $83.09 and a fifty-two week high of $100.01.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last released its quarterly earnings data on Thursday, November 29th. The bank reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.73. The business had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.59 billion. Canadian Imperial Bank of Commerce had a return on equity of 17.56% and a net margin of 20.85%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company posted $2.81 EPS. Equities research analysts forecast that Canadian Imperial Bank of Commerce will post 9.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 28th. Stockholders of record on Friday, December 28th will be paid a dividend of $1.034 per share. This represents a $4.14 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Thursday, December 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 44.65%.

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Canadian Imperial Bank of Commerce Profile

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to individual, small business, commercial, corporate, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Small Business Banking; Canadian Commercial Banking and Wealth Management; U.S.

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

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