Canadian Imperial Bank of Commerce (NYSE:CM) Shares Acquired by Signaturefd LLC

Signaturefd LLC lifted its position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 22.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,219 shares of the bank’s stock after buying an additional 3,549 shares during the quarter. Signaturefd LLC’s holdings in Canadian Imperial Bank of Commerce were worth $925,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CM. Vanguard Group Inc. increased its stake in Canadian Imperial Bank of Commerce by 1.6% during the third quarter. Vanguard Group Inc. now owns 33,841,855 shares of the bank’s stock worth $1,306,634,000 after purchasing an additional 544,942 shares during the period. Toronto Dominion Bank boosted its position in Canadian Imperial Bank of Commerce by 1.8% in the 3rd quarter. Toronto Dominion Bank now owns 26,965,878 shares of the bank’s stock valued at $1,041,153,000 after buying an additional 476,342 shares during the period. CIBC Asset Management Inc grew its stake in shares of Canadian Imperial Bank of Commerce by 0.4% in the third quarter. CIBC Asset Management Inc now owns 10,287,048 shares of the bank’s stock worth $398,310,000 after acquiring an additional 41,841 shares in the last quarter. Legal & General Group Plc increased its position in shares of Canadian Imperial Bank of Commerce by 5.1% during the third quarter. Legal & General Group Plc now owns 5,185,512 shares of the bank’s stock worth $201,082,000 after acquiring an additional 251,039 shares during the period. Finally, Scotia Capital Inc. raised its stake in shares of Canadian Imperial Bank of Commerce by 0.6% in the third quarter. Scotia Capital Inc. now owns 4,190,637 shares of the bank’s stock valued at $161,672,000 after acquiring an additional 23,052 shares in the last quarter. 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 $47.67 on Tuesday. The stock’s 50-day simple moving average is $48.47 and its 200-day simple moving average is $44.43. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $44.69 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 2.23 and a beta of 1.06. Canadian Imperial Bank of Commerce has a fifty-two week low of $34.35 and a fifty-two week high of $51.14.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last issued its quarterly earnings data on Thursday, February 29th. The bank reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.10. Canadian Imperial Bank of Commerce had a net margin of 10.79% and a return on equity of 13.07%. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.47 billion. As a group, equities research analysts forecast that Canadian Imperial Bank of Commerce will post 5.04 EPS for the current fiscal year.

Canadian Imperial Bank of Commerce Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be paid a $0.6634 dividend. This represents a $2.65 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Canadian Imperial Bank of Commerce’s previous quarterly dividend of $0.66. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 26.45%.

Analysts Set New Price Targets

CM has been the subject of several analyst reports. Scotiabank raised Canadian Imperial Bank of Commerce from a “sector perform” rating to a “sector outperform” rating in a research note on Tuesday, February 20th. Jefferies Financial Group initiated coverage on shares of Canadian Imperial Bank of Commerce in a research note on Thursday, February 22nd. They set a “buy” rating on the stock. Finally, Barclays initiated coverage on shares of Canadian Imperial Bank of Commerce in a research note on Wednesday, March 20th. They issued an “underweight” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Canadian Imperial Bank of Commerce has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

Canadian Imperial Bank of Commerce Company 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.